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 $$57,800$ on June $30$ of the prior year, and the owner invested $$28,000$ cash during the current fiscal year.ACE CONSTRUCTION COMPANY

Unadjusted Trial Balance

June $30$

Number

Account Title

Debit

Credit

$101$

Cash

$

$16,000$

$126$

Supplies

$7,500$

$128$

Prepaid insurance

$6,000$

$167$

Equipment

$158,530$

$168$

Accumulated depreciation Equipment

$

$25,500$

$201$

Accounts payable

$6,600$

$203$

Interest payable

$0$

$208$

Rent payable

$0$

$210$

Wages payable

$0$

$213$

Property taxes payable

$0$

$251$

Long$-$term notes payable

$27,000$

$301$

V$.$ Ace, Capital

$85,800$

$302$

V$.$ Ace, Withdrawals

$403$

Construction revenue

$33,000$

$145,000$

$612$

Depreciation expense$-$Equipment

$0$

$623$

Wages expense

$41,000$

$633$

Interest expense

$2,970$

$637$

Insurance expense

$0$

$640$

Rent expense

$14,000$

$652$

Supplies expense

$0$

$683$

Property taxes expense

$4,600$

$684$

Repairs expense

$2,900$

$690$

Utilities expense

$3,400$

Totals

$ $289,900$

$

$289,900$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 $$3,780.$

c$.$ Annual depreciation on equipment is $$8,500.$

d$.$ June utilities expense of $$590$ is not included in the unadjusted trial balance because the bill arrived after the trial balance was prepared. The $$590$ amount owed must be recordede. Employees have earned $$2,000$ of accrued and unpaid wages at fiscal year$-$end.

f$.$ Rent expense incurred and not yet paid or recorded at fiscal year$-$end is $$400$

g$.$ Additional property taxes of $$1,000$ have been assessed for this fiscal year but have not been paid or recorded at fiscal year$-$end.

h$.$ $$270$ 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.