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 $53,300 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 101 Cash 126 Account Title Supplies Debit $ 19,500 Credit 128 167 168 201 Prepaid insurance Equipment Accumulated depreciation-Equipment Accounts payable 10,000 5,500 134,780 $ 22,000 5,600 203 Interest payable 0 208 Rent payable 210 Wages payable 213 Property taxes payable 251 Long-term notes payable 301 V. Ace, Capital 22,000 82,300 302 V. Ace, Withdrawals 28,000 403 Construction revenue 141,000 612 Depreciation expense-Equipment 0 623 Mages expense. 49,000 633 Interest expense 2,420 637 Insurance expense 0 640 Rent expense 14,000 652 Supplies expense 0 683 Property taxes expense 4,100 684 Repairs expense 2,100 690 Utilities expense 3,500 Totals $272,900 $272,900 a. Supplies available at the end of the current fiscal year total $3,600. b. Cost of expired insurance for the current fiscal year is $3,465. c. Annual depreciation on equipment is $8,700. d. June utilities expense of $600 is not included in the unadjusted trial balance because the bill arrived after the trial balance was prepared. The $600 amount owed must be recorded. e. Employees have earned $1,000 of accrued and unpaid wages at fiscal year-end. f. Rent expense incurred and not yet paid or recorded at fiscal year-end is $500. g. Additional property taxes of $600 have been assessed for this fiscal year but have not been paid or recorded at fiscal year-end. h. $220 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. Unadjusted Trial Balance Number Account Title Debit Credit Debit Adjustments Credit 101 Cash $ 19,500 126 Supplies 10,000 128 Prepaid insurance 5,500 167 Equipment 134,780 168 Accumulated depreciation-Equipment 201 Accounts payable 22,000 5,600 203 Interest payable 208 Rent payable 210 Wages payable 213 Property taxes payable 251 Long-term notes payable 22,000 301 V. Ace. Capital 82.300 302 V. Ace, Withdrawals 28.000 403 Construction revenue 141,000 612 Depreciation expense-Equipment 623 Wages expense 49,000 633 Interest expense 2,420 637 Insurance expense 640 Rant expense 14,000 6521 Supplies expense 683 Property taxes expense 4,100 < Prev 2 of 2 Navi Save & Exit Submit Check my work Adjusted Trial Balance Income Statement Balance Debit Credit Debit Credit Del 203 Interest payable 208 Rent payable 210 Wages payable 213 Property taxes payable 251 Long-term notes payable 22,000 301 V. Ace, Capital 82,300 302 V. Ace, Withdrawals 28,000 403 Construction revenue 141,000 612 Depreciation expense-Equipment 623 Wages expense 49,000 633 Interest expense 2,420 637 Insurance expense 640 Rent expense 14,000 652 Supplies expense 683 Property taxes expense 4,100 684 Repairs expense 2,100 690 Utilities expense 3,500 $272,900 $272,900 $ 0 $ 0 $ 0 $ Totals Net Income Totals For Year Ended June 30 Income Statement sted Trial ance Adjustments Adjusted Trial Balance Credit Debit Credit Debit Credit Debit D 0 30 22,000 5,600 3,000 9,000 2,420 14,000 22,000 82,300 141,000 Balance Sheet and Statement of Owner's Equity Credit Debit Credit 4,780 22,000 5,600 22,000 82,300 28,000 141,000 49,000 2,420 14,000 4,100 2,100 3,500 $272,900 $272,900 $ 0 $ 0 $ 0 $ 0 0 0 0 $ 0 $ $ $ Chec