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 prioryear, and the owner invested $29,000 cash during the current fiscal year. Adjustments: a. Supplies available at the end of the current fiscal year total $3,060 b. Cost of expired insurance for the current fiscal year is $4,410. c. Annual depreciation on equipment is $8,600 d. June utilities expense of $590 is not included in the unadjusted trial balance because the bill arrived atter the trial balance was prepared. The $590 amount owed must be recorded. e. Employees have earned $1,200 of accrued and unpaid wages at fiscal year-end. djustments: a. Supplies avaliable at the end of the current fiscal year total $3,060. b. Cost of expired insurance for the current fiscal year is $4,410. c. Annual depreciation on equipment is $8,600. d. June utilities expense of $590 is not included in the unadjusted trial balance because the bill arrived after the trial balance was prepared. The $590 amount owed must be recorded e. Employees have eamed $1,200 of accrued and unpaid wages at fiscal year-end. f. Rent expense incurred and not yet paid or recorded at fiscal year-end is $300. 9. Additional property taxes of $700 have been assessed for this fiscal year but have not been paid or recorded at fiscal year-end h. $240 of accrued interest for June has not yet been paid or recorded. equired: Prepare a 10 -column work sheet for the current fiscal year, starting with the unadjusted trial balance and including adjustments using ne above additional information. a. Prepare the adjusting entries (all dated June 30 ). b. Prepare the closing entries (all dated June 30 ). a. Prepare the income statement for the year ended June 30 . b. Prepare the statement of owner's equity for the year ended June 30 . c. Prepare the classified balance sheet at June 30 . Complete this question by entering your answers in the tabs below. 3a. Prepare the income statement for the year ended June 30 . 3b. Prepare the statement of owner's equity for the year ended June 30 . 3c. Prepare the classified balance sheet at June 30 . Complete this question by entering your answers in the tabs below. Prepare the income statement for the year ended June 30. Required: 1. Prepare a 10-column work sheet for the current fiscal year, starting with the unadjustec the above additional information. 2a. Prepare the adjusting entries (all dated June 30). 2b. Prepare the closing entries (all dated June 30 ). 3a. Prepare the income statement for the year ended June 30. 3b. Prepare the statement of owner's equity for the year ended[June 30 . 3c. Prepare the classified balance sheet at June 30 . Complete this question by entering your answers in the tabs below. Prepare the statement of owner's equity for the year ended June 30. Prepare the classified balance sheet at June 30
