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 $58,900, 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. Account Title Debit Credit 101 Cash $ 16,50 126 Supplies 7.900 128 Prepaid insurance 5.500 167 Eupent 154,770 168 Accumulated depreciation Equipment $ 29,000 201 Accounts payable 6,000 203 Interest payable 0 205 Rent payable 210 Mate payable 211 Property taxes payable 251 Long-term notes payable 23,000 01 V. Ace, Capital 30.000 302 V. Ace, withdrawals 28.50 401 Construction fees earned 150,000 632 Depreciation expense-Equipment 623 was expense 49,00 633 Interest expense 2.53e 637 Insurance expense 548 Rent expense 12.000 652 Supplies expense 683 Property taxes expense 4,500 584 Repairs expense 2. 69 Utilities expense 3700 Totals *2k, $288.900 Adjustments: a. The supplies available at the end of fiscal year 2019 had a cost of $2,520. b. The cost of expired insurance for the fiscalvear is $3,465 Adjustments a. The supplies available at the end of fiscal year 2019 had a cost of $2,520, b. The cost of expired insurance for the fiscal year is $3.465. c. Annual depreciation on equipment is $8,400. d. The June utilities expense of 5520 is not included in the unadjusted trial balance because the bill arrived after the trial balance was prepared. The $520 amount owed needs to be recorded e. The company's employees have earned $1.300 of accrued and unpaid wages at fiscal year-end 1. The rent expense incurred and not yet paid or recorded at fiscal year end is $100 9. Additional property taxes of $800 have been assessed for this fiscal year but have not been paid or recorded in the accounts. n. The $230 accrued interest for June on the long-term notes payable has not yet been paid or recorded Required: 1. Prepare a 10 column work sheet for fiscal year 2019, starting with the unadjusted trial balance and including adjustments based on the additional facts The June 30, 2018. credit balance of the owner's capital account was $58.900 and the owner invested $22.000 20. Prepare the adjusting entries. (all dated June 30, 2019). 2b. Prepare the closing entries. (all dated June 30, 2019) 3a. Prepare the income statement for the year ended June 30, 2019 3b. Prepare the statement of owner's equity for the year ended June 30, 2019 3c. Prepare the classified balance sheet at June 30, 2019 Complete this question by entering your answers in the tabs below. Check my work ea 10-column worksheet for fiscal year 2019, starting with the adjusted trial balance and including adjustments based on the additional facts. The June 30, 2015, creditbalar 100, and the owner invested $22.000 cash in the company during the 2019 fiscal year ACE CONSTRUCTION CO. Work Sheet For Year Ended June 30, 2019 United Thal Amets come Staten Account Title Asted Trance CH CE Balance Sheet and Statem One Equity DE CA Canh D CE or $ 1600 7.000 5500 195170 Ement Acorection to Accounts pay 29.000 5000 Royable ww payable Long po VA Voe, Who 23.000 0.00 150 000 Depo Equi 3.000 12.000 Check my wor 5.500 156,770 29,000 6.000 Tepal Insurance quipment cum depreciation-iment counts payable eest pytle bent payable ages payable operty taxes payable ong-term notes payable Ace Capital Ace Windows Construction et came erection expense Equipment Wages e 28.000 30.900 28.500 150.000 49.000 2.530 12.000 ce pense ant expense Bospense roperty taxes expense expense 4.800 2.600 3700 5 200 000 $ 205,000 5 05 os os 0 0 D Os 3 Required 2A Prepare the closing entries (all dated June 30, 2019). View transaction list Journal entry worksheet Record the entry to close revenue accounts. Note: Enter debits before credits General Journal Debit Credit Date June 30. 2019 Record entry Clear entry View general Journal Prepare the adjusting entries (all dated June 30, 2019). View transaction list Journal entry worksheet Prepare the income statement for the year ended June 30, 2019. ACE CONSTRUCTION CO. Income Statement For Year Ended June 30, 2019 Revenues: Expenses: es Total expenses 0 $ 0 tabs below. Required 1 Required 2A Required 2B Required 3A Required 3B Required 3C Prepare the statement of owner's equity for the year ended June 30, 2019. The June 30, 2018, credit balance of the owner's capital account was $58,900, and the owner invested $22,000 cash in the company during the 2019 fiscal year, ACE CONSTRUCTION CO. Statement of Owner's Equity For Year Ended June 30, 2019 V. Aco, Capital, June 30, 2018 0 0 V. Ace, Capital, June 30, 2019 $ 0 ACE CONSTRUCTION CO. Balance Sheet June 30, 2019 $ 0 0 0 $ $ 0 S 0