The unadjusted trial balance for Lee Construction Company at its June 30 current fiscal year-end, is found on the trial balance tab. The credit balance of the E. Lee, Capital account was $13,000 on June 30 of the prior year, and the owner invested $45,000 cash during the current fiscal year. Information for adjustments is as follows: a. Supplies available at the end of the current fiscal year total $3,500. b. Cost of expired insurance for the current fiscal year is $2,600. c. Annual depreciation on equipment is $27,600. d. June utilities expense of $550 is not included in the unadjusted trial balance because the bill arrived after the trial balance was prepared. The $550 amount owed must be recorded. e. Employees have earned $4,650 of accrued and unpaid wages at fiscal year-end. f. Rent expense incurred and not yet paid or recorded at fiscal year-end is $1,400. g. Additional property taxes of $1,550 have been assessed for this fiscal year but have not been paid or recorded at fiscal year-end. h. $350 accrued interest for June has not yet been paid or recorded. General Journal tab - Prepare any necessary adjusting and closing entries for the current fiscal year. General Ledger tab - Each journal entry is posted automatically to the general ledger. Use the drop-down button to view the unadjusted, adjusted, or post-closing balances. Trial Balance tab - You may view the unadjusted, adjusted, or post-closing trial balances by choosing from the dropdown box below. Your choice will determine the reported values on the financial statement tabs. Income Statement tab - Use the drop-downs to select the accounts properly included on the income statement. The unadjusted, adjusted or post-closing balances will appear for each account, based on your selection. Statement of Owner's Equity tab - The unadjusted, adjusted or post-closing balances will appear for each account, based on your selection. Balance Sheet tab - Use the drop-downs to select the accounts properly included on the balance sheet. The unadjusted, adjusted or post-closing balances will appear for each account, based on your selection. Post-Closing tab - Use the drop-downs to indicate whether each account is included on the post-closing trial balance. The unadjusted trial balance for Lee Construction Company at its June 30 current fiscal year-end, is found on the trial balance tab. The credit balance of the E. Lee, Capital account was $13,000 on June 30 of the prior year, and the owner invested $45,000 cash during the current fiscal year. Information for adjustments is as follows: a. Supplies available at the end of the current fiscal year total $3,500. b. Cost of expired insurance for the current fiscal year is $2,600. c. Annual depreciation on equipment is $27,600. d. June utilities expense of $550 is not included in the unadjusted trial balance because the bill arrived after the trial balance was prepared. The $550 amount owed must be recorded. e. Employees have earned $4,650 of accrued and unpaid wages at fiscal year-end. f. Rent expense incurred and not yet paid or recorded at fiscal year-end is $1,400. g. Additional property taxes of $1,550 have been assessed for this fiscal year but have not been paid or recorded at fiscal year-end. h. $350 accrued interest for June has not yet been paid or recorded. Prepare the required adjusting entries and closing entries for Lee Construction Company. Journal entry worksheet Supplies available at the end of the current fiscal year total $3,500. Record the required adjusting entry, if any. Note: Enter debits before credits. The unadjusted trial balance for Lee Construction Company at its June 30 current fiscal year-end, is found on the trial balance tab. The credit balance of the E. Lee, Capital account was $13,000 on June 30 of the prior year, and the owner invested $45,000 cash during the current fiscal year. Information for adjustments is as follows: a. Supplies available at the end of the current fiscal year total $3,500. b. Cost of expired insurance for the current fiscal year is $2,600. c. Annual depreciation on equipment is $27,600. d. June utilities expense of $550 is not included in the unadjusted trial balance because the bill arrived after the trial balance was prepared. The $550 amount owed must be recorded. e. Employees have earned $4,650 of accrued and unpaid wages at fiscal year-end. f. Rent expense incurred and not yet paid or recorded at fiscal year-end is $1,400. g. Additional property taxes of $1,550 have been assessed for this fiscal year but have not been paid or recorded at fiscal year-end. h. $350 accrued interest for June has not yet been paid or recorded. Use the drop-downs to select the accounts properly included on the income statement. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection. The unadjusted trial balance for Lee Construction Company at its June 30 current fiscal year-end, is found on the trial balance tab. The credit balance of the E. Lee, Capital account was $13,000 on June 30 of the prior year, and the owner invested $45,000 cash during the current fiscal year. Information for adjustments is as follows: a. Supplies available at the end of the current fiscal year total $3,500. b. Cost of expired insurance for the current fiscal year is $2,600. c. Annual depreciation on equipment is $27,600. d. June utilities expense of $550 is not included in the unadjusted trial balance because the bill arrived after the trial balance was prepared. The $550 amount owed must be recorded. e. Employees have earned $4,650 of accrued and unpaid wages at fiscal year-end. f. Rent expense incurred and not yet paid or recorded at fiscal year-end is $1,400. g. Additional property taxes of $1,550 have been assessed for this fiscal year but have not been paid or recorded at fiscal year-end. h. $350 accrued interest for June has not yet been paid or recorded. Begin by selecting "Post-closing" from the drop-down below. Then, for each account, use the drop-down to indicate whether the account is included on the post-closing trial balance. Based on your decisions, the post-closing trial balance will be created. Compare your results with the Trial Balance tab. The unadjusted trial balance for Lee Construction Company at its June 30 current fiscal year-end, is found on the trial balance tab. The credit balance of the E. Lee, Capital account was $13,000 on June 30 of the prior year, and the owner invested $45,000 cash during the current fiscal year. Information for adjustments is as follows: a. Supplies available at the end of the current fiscal year total $3,500. b. Cost of expired insurance for the current fiscal year is $2,600. c. Annual depreciation on equipment is $27,600. d. June utilities expense of $550 is not included in the unadjusted trial balance because the bill arrived after the trial balance was prepared. The $550 amount owed must be recorded. e. Employees have earned $4,650 of accrued and unpaid wages at fiscal year-end. f. Rent expense incurred and not yet paid or recorded at fiscal year-end is $1,400. g. Additional property taxes of $1,550 have been assessed for this fiscal year but have not been paid or recorded at fiscal year-end. h. $350 accrued interest for June has not yet been paid or recorded. General Journal tab - Prepare any necessary adjusting and closing entries for the current fiscal year. General Ledger tab - Each journal entry is posted automatically to the general ledger. Use the drop-down button to view the unadjusted, adjusted, or post-closing balances. Trial Balance tab - You may view the unadjusted, adjusted, or post-closing trial balances by choosing from the dropdown box below. Your choice will determine the reported values on the financial statement tabs. Income Statement tab - Use the drop-downs to select the accounts properly included on the income statement. The unadjusted, adjusted or post-closing balances will appear for each account, based on your selection. Statement of Owner's Equity tab - The unadjusted, adjusted or post-closing balances will appear for each account, based on your selection. Balance Sheet tab - Use the drop-downs to select the accounts properly included on the balance sheet. The unadjusted, adjusted or post-closing balances will appear for each account, based on your selection. Post-Closing tab - Use the drop-downs to indicate whether each account is included on the post-closing trial balance. The unadjusted trial balance for Lee Construction Company at its June 30 current fiscal year-end, is found on the trial balance tab. The credit balance of the E. Lee, Capital account was $13,000 on June 30 of the prior year, and the owner invested $45,000 cash during the current fiscal year. Information for adjustments is as follows: a. Supplies available at the end of the current fiscal year total $3,500. b. Cost of expired insurance for the current fiscal year is $2,600. c. Annual depreciation on equipment is $27,600. d. June utilities expense of $550 is not included in the unadjusted trial balance because the bill arrived after the trial balance was prepared. The $550 amount owed must be recorded. e. Employees have earned $4,650 of accrued and unpaid wages at fiscal year-end. f. Rent expense incurred and not yet paid or recorded at fiscal year-end is $1,400. g. Additional property taxes of $1,550 have been assessed for this fiscal year but have not been paid or recorded at fiscal year-end. h. $350 accrued interest for June has not yet been paid or recorded. Prepare the required adjusting entries and closing entries for Lee Construction Company. Journal entry worksheet Supplies available at the end of the current fiscal year total $3,500. Record the required adjusting entry, if any. Note: Enter debits before credits. The unadjusted trial balance for Lee Construction Company at its June 30 current fiscal year-end, is found on the trial balance tab. The credit balance of the E. Lee, Capital account was $13,000 on June 30 of the prior year, and the owner invested $45,000 cash during the current fiscal year. Information for adjustments is as follows: a. Supplies available at the end of the current fiscal year total $3,500. b. Cost of expired insurance for the current fiscal year is $2,600. c. Annual depreciation on equipment is $27,600. d. June utilities expense of $550 is not included in the unadjusted trial balance because the bill arrived after the trial balance was prepared. The $550 amount owed must be recorded. e. Employees have earned $4,650 of accrued and unpaid wages at fiscal year-end. f. Rent expense incurred and not yet paid or recorded at fiscal year-end is $1,400. g. Additional property taxes of $1,550 have been assessed for this fiscal year but have not been paid or recorded at fiscal year-end. h. $350 accrued interest for June has not yet been paid or recorded. Use the drop-downs to select the accounts properly included on the income statement. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection. The unadjusted trial balance for Lee Construction Company at its June 30 current fiscal year-end, is found on the trial balance tab. The credit balance of the E. Lee, Capital account was $13,000 on June 30 of the prior year, and the owner invested $45,000 cash during the current fiscal year. Information for adjustments is as follows: a. Supplies available at the end of the current fiscal year total $3,500. b. Cost of expired insurance for the current fiscal year is $2,600. c. Annual depreciation on equipment is $27,600. d. June utilities expense of $550 is not included in the unadjusted trial balance because the bill arrived after the trial balance was prepared. The $550 amount owed must be recorded. e. Employees have earned $4,650 of accrued and unpaid wages at fiscal year-end. f. Rent expense incurred and not yet paid or recorded at fiscal year-end is $1,400. g. Additional property taxes of $1,550 have been assessed for this fiscal year but have not been paid or recorded at fiscal year-end. h. $350 accrued interest for June has not yet been paid or recorded. Begin by selecting "Post-closing" from the drop-down below. Then, for each account, use the drop-down to indicate whether the account is included on the post-closing trial balance. Based on your decisions, the post-closing trial balance will be created. Compare your results with the Trial Balance tab