The following unadjusted trial balance is for Ace Construction Company at its June 30 current fiscal year-end. The credit balance of the V. Ace, Capital account was $51.900 on June 30 of the prior year, and the owner invested $29,000 cash during the current fiscal year ACE CONSTRUCTION COMPANY Unadjusted Trial Balance June 30 Number Account Title 101 Cash 126 Supplies 128 Prepaid insurance 167 168 201 Equipment Accumulated depreciation-Equipment Accounts payable 203 Interest payable 2088 Rent payable 210 Wages payable 213 251 301 Property taxes payable Long-term notes payable. V. Ace, Capital 3021 V. Ace, Withdrawals 403 Construction revenue): 612 Depreciation expense-Equipment 623 Wages expense 633 Interest expense 637 Insurance expense 640 Rent expense 652 Supplies expense 683 Property taxes expense 684 Repairs expense 690 Utilities expense Totals Adjustments Debit $ 16,000 7,500 Credit 5,500 151,460 $ 23,500 6,000 0 0 0 24,000 80,900 28,500 149,000 0 48,000 2,640 0 12,000 4,200 2,400 4,700 $ 283,400 $ 283,400 3 Adjustments a. Supplies available at the end of the current fiscal year total $2,700. b. Cost of expired insurance for the current fiscal year is $3,465. c. Annual depreciation on equipment is $8,800. d. June utilities expense of $580 is not included in the unadjusted trial balance because the bill arrived after the trial balance was prepared. The $580 amount owed must be recorded. e. Employees have earned $1,900 of accrued and unpaid wages at fiscal year-end. f. Rent expense incurred and not yet paid or recorded at fiscal year-end is $200. 9. Additional property taxes of $700 have been assessed for this fiscal year but have not been paid or recorded at fiscal year-end. h. $240 of accrued interest for June has not yet been paid or recorded. Required: 1. Prepare a 10-column work sheet for the current fiscal year, starting with the unadjusted trial balance and including adjustments using the above additional information. 28. Prepare the adjusting entries (all dated June 30). 2b. Prepare the closing entries (all dated June 30) 3a. Prepare the income statement for the year ended June 30. 3b. Prepare the statement of owner's equity for the year ended June 30 3c. Prepare the classified balance sheet at June 30 Complete this question by entering your answers in the tabs below. Required 1 Required 2A Required 28 Required 3A Required 38 Required 3C) Prepare a 10-column work sheet for the current fiscal year, starting with the unadjusted tnal balance and including adjustments using the above Dray Required 1 Required 2A Required 2B Required 3A Required 3B Prepare the closing entries (all dated June 30). View transaction list Required 1 Required 2A Required 2B Required 3A Required 3B Required Prepare the income statement for the year ended June 30. ACE CONSTRUCTION COMPANY Income Statement For Year Ended June 30 Revenues: 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. ACE CONSTRUCTION COMPANY Statement of Owner's Equity For Year Ended June 30 V. Ace, Capital, June 30 prior year Required 1 Required 2A Required 2B Required 3A Required 3B Required 3C Prepare the classified balance sheet at June 30. ACE CONSTRUCTION COMPANY Balance Sheet June 30 Required 1 Required 2A Required 2B Required 3A Required 3B Require Prepare the adjusting entries (all dated June 30). View transaction list Journal entry worksheet 1 2 3 5 Use the following information for the Exercises below. [The following information applies to the questions displayed below.] The following adjusted trial balance at December 31 of Wilson Trucking Company. Account Title Cash Debit $ 9,800 Credit Accounts receivable 19,300 Office supplies 4,800 Trucks 190,000 Accumulated depreciation-Trucks $ 37,800 Land 103,000 Accounts payable 17,400 Interest payable 5,800 Long-term notes payable 67,000 K. Wilson, Capital 188,000 K. Wilson, Withdrawals 21,800 Trucking revenue Salaries expense Office supplies expense Interest expense Totals 148,000 Depreciation expense-Trucks 25,300 66,400 9,800 13,800 $ 464,000 $ 464,000 Exercise 4-11 (Algo) Preparing a classified balance sheet LO C1 Prepare Wilson Trucking Company's classified balance sheet as of December 31