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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
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 $52,100, and the owner invested $22,000 cash in the company during the 2019 fiscal year. ACE CONSTRUCTION CO. Unadjusted Trial Balance June 30, 2019 No. 101 Cash 126 Supplies 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 251 Long-term notes payable- 301 V. Ace, Capital Debit $ 20,000 10,000 6,000 119,3301 Credit $ 21,500 5,400. 0 0 0 0 27,000 74,100 302 V. Ace, Withdrawals. 34,000 401 Construction fees earned 133,000 612 Depreciation expense-Equipment 0 623 Wages expense 48,000 633 Interest expense 2,970 637 Insurance expense 0 640 Rent expense 10,000 652 Supplies expense
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