This unadjusted trial balance is for Challenger Construction at the end of its fiscal year, September 30, 2020. The beginning balance of the owner's capital account was $50,000 and the owner invested another $27,000 cash in the company during the year Challenger Construction Unadjusted Trial Dalarice September 30, 2020 Unadjusted Trial Balance No. Account Dr. CE 101 Cash $22.400 126 Supplies 17.600 120 Prepaid insurance 10,080 149 Land not currently uned in operations 54,000 167 Equipment 100.000 160 Accumulated depreciation Equipment 10.900 191 Copyright 6. 400 201 Accounts payable 0, 500 203 Interest payable 210 Wages payable 251 Long-term notes payable 54,000 301 Chris Challenger, capital 77,000 S02 Chris Challenger, withdrawals 70,000 101 Construction revenue 257,200 612 Depreciation expense, equipment 623 Wages expenne E.100 633 Interest expense 1.300 637 Insurance expense 640 Rant expense 26,900 652 Suppies expense 0 683 Business axes expense 21,000 SA 633 Interest expense 637 Insurance expense 640 Rent expense 652 fupplies expende 683 Business taxes expense 684 Repair expense 690 Utilities expense Total 196,100 1,300 0 26,000 0 11,000 5. 120 3.200 6437,600 437,600 Additional information a. The inventory of supplies at the end of the year had a cost of $3,400. b. The cost of expired insurance for the year is $8.820 c. Annual depreciation of the equipment is $18,000 d. The September utilities expense was not included in the trial balance because the bill arrived after it was prepared. Its $790 amount needs to be recorded e. The company's employees have earned $4.500 of accrued wages. f. The interest expense of $130 for September has not yet been paid or recorded. Required: 1. Prepare a 10-column work sheet for fiscal 2020, starting with the unadjusted trial balance and including the above additional tacts: Required: 1. Prepare a 10-column work sheet for fiscal 2020, starting with the unadjusted trial balance and including the above additional facts Income Statement Tlalance Stalent In Debit Debit Credit Ne 101 126 128 1:49 167 168 191 201 203 210 Account Cash Supplies Prepaid insurance Land not currently used in operation Equipment Accum depreciation equipment Copyright Accounts payable Interest payable Wages payable NA CHALLENGLH CONSTRUCTION Worl Sheet For Year Ended September 30, 2020 Lindjusted Trial Balance Adjustments Adjusted Tral Balance Debi Credit Debit Cro Dobil 522.400 17,600 10.080 54 000 108.000 5 40.900 6400 8.500 2. Use the work sheet to prepare the adjusting and closing entries View transaction list Journal entry worksheet
