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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 $55,300 on June 30 of the prior year, and the owner invested $21,000 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 Debit $ 15,000 Credit 9,000 6,000 142,810 $ es 203 Interest payable 208 Rent payable 210 Wages payable 213 Property taxes payable 22,000 5,800 0 0 0 0 251 Long-term notes payable 29,000 301 V. Ace, Capital 76,300 302 V. Ace, Withdrawals 30,500 403 Construction revenue 138,000 612 Depreciation expense-Equipment 0 623 Wages expense 42,000 633 Interest expense 3,190 637 Insurance expense 0 640 Rent expense 12,000 652 Supplies expense 0 683 Property taxes expense 4,100 684 Repairs expense 2,200 690 Utilities expense 4,300
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