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 $56,000 on June 30 of the prior year, and the owner invested $24,000 cash during the current fiscal year. ACE CONSTRUCTION COMPANY Unadjusted Trial Balance June 30 Account Title Cash Supplies Prepaid insurance Equipment Accumulated depreciation-Equipment Number Debit Credit 101 $ 15,000 126 8,000 128 6,500 167 147,120 $ 23,000 6,400 168 201 Accounts Intere payable Interest payable Rent payable Wages payable Property taxes payable Long-term notes payable v. Ace, Capital v. Ace, Withdrawals 203 208 210 213 251 28,000 80,000 302 33,000 403 Construction revenue 148,000 Depreciation expense-Equipment Wages ages expense Interest expense 612 623 48,000 3,080 633 637 Insurance expense 640 Rent expense Supplies expense Property taxes expense Repairs expense Utilities expense 13,000 652 683 4,800 3,000 3,900 684 690 Totals $ 285,400 $ $ 285,400 Adjustments: a. Supplies available at the end of the current fiscal year total $2,880. b. Cost of expired insurance for the current fiscal year is $4,095. c. Annual depreciation on equipment is $8,800. d. June utilities expense of $520 is not included in the unadjusted trial balance because the bill arrived after the trial balance was prepared. The $520 amount owed must be recorded. e. 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 $200. g. Additional property taxes of $900 have been assessed for this fiscal year but have not been paid or recorded at fiscal year-end. h. $280 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. 2a. Prepare the adjusting entries (all dated June 30). 2b. Prepare the closing entries (all dated June 30).