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 $59,200 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	Debit	Credit
101	Cash	$ 16,000
126	Supplies	9,000
128	Prepaid insurance	6,000
167	Equipment	149,100
168	Accumulated depreciationEquipment		$ 20,000
201	Accounts payable		5,600
203	Interest payable		0
208	Rent payable		0
210	Wages payable		0
213	Property taxes payable		0
251	Long-term notes payable		30,000
301	V. Ace, Capital		86,200
302	V. Ace, Withdrawals	30,000
403	Construction revenue		137,000
612	Depreciation expenseEquipment	0
623	Wages expense	44,000
633	Interest expense	3,300
637	Insurance expense	0
640	Rent expense	10,000
652	Supplies expense	0
683	Property taxes expense	4,900
684	Repairs expense	2,500
690	Utilities expense	4,000
	Totals	$ 278,800	$ 278,800

Adjustments:

1. Supplies available at the end of the current fiscal year total $3,240.
2. Cost of expired insurance for the current fiscal year is $3,780.
3. Annual depreciation on equipment is $8,400.
4. 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.
5. Employees have earned $1,300 of accrued and unpaid wages at fiscal year-end.
6. Rent expense incurred and not yet paid or recorded at fiscal year-end is $500.
7. Additional property taxes of $800 have been assessed for this fiscal year but have not been paid or recorded at fiscal year-end.
8. $300 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).