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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,
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 $55,900 on June 30 of the prior year, and the owner invested $27,000 cash during the current fiscal year. ACE CONSTRUCTION COMPANY Unadjusted Trial Balance June 30 Number Account Title 101 Cash Debit $ 17,000 Credit 126 Supplies 128 Prepaid insurance 10,000. 6,000 167 168 201 Equipment Accumulated depreciation-Equipment Accounts payable 203 Interest payable 200 Rent payable 151,220 $ 28,500 5,000 210 Wages payable 213 251 Property taxes payable Long-term notes payable 28,000 301 V. Ace, Capital 82,900 3021 V. Ace, Withdrawals 28,500 403 Construction revenue 139,000 612 Depreciation expense-Equipment 0 623 Wages expense 46,000 633 Interest expense 3,080 637 Insurance expense 0 640 Reat expense 10,000 652 Supplies expense 0 683 Property taxes expense 4,500 684 Repairs expense 2,500) 690 Utilities expense 4,600 Totals $283,400 $283,400
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