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The following unadjusted trial balance is for Ace Construction Co. as of the end of its 2019 fiscal year. The June 30, 2018, credit

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The following unadjusted trial balance is for Ace Construction Co. as of the end of its 2019 fiscal year. The June 30, 2018, credit balance of the owner's capital account was $56,300, and the owner invested $28,000 cash in the company during the 2019 fiscal year. ACE CONSTRUCTION CO. Unadjusted Trial Balance No. 101 Cash 126 Supplies June 30, 2019 Account Title 128 Prepaid insurance 167 Equipment 168 Accumulated depreciation-Equipment 201 Accounts payable 203 Interest payable 208 Rent payable 210 Wages payable 213 Property taxes payable Debit $ 15,500 7,000 Credit 6,500 155,890 $ 30,000 5,200 0 0 251 Long-term notes payable 301 V. Ace, Capital 21,000 84,300 302 V. Ace, Withdrawals. 27,500 401 Construction fees earned 137,000 612 Depreciation expense-Equipment 0 623 Wages expense 40,000 633 Interest expense 2,310 637 Insurance expense 0 640 Rent expense 12,000 652 Supplies expense 0 683 Property taxes expense 4,800 684 Repairs expense 2,100 690 Utilities expense 3,900 Totals $277,500 $277,500

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