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 $54,000 and the owner invested another $29,000 cash in the company during the year. Challenger Construction Unadjusted Trial Balance September 30, 2020 Unadjusted Trial Balance Dr. Cr. $ 22,800 18,000 19,560 58,000 110,000 $ 41,300 6,800 8.900 e No. Account 101 Cash 126 Supplies 128 Prepaid insurance 149 Land not currently used in operations 167 Equipment 168 Accumulated depreciation Equipment 191 Copyright 201 Accounts payable 203 Interest payable 210 Wages payable 251 Long-tern notes payable 301 Chris Challenger, capital 302 Chris Challenger, withdrawals 401 Construction revenue 612 Depreciation expense, equipment 623 Wages expense 633 Interest expense 637 Insurance expense 640 Rent expense 652 Supplies expense 683 Business taxes expense 684 Repairs expense 690 Utilities expense Totals 58,000 83,000 72,000 258,480 e 96,800 1.100 e 27,200 we 12,000 5,820 8,600 $449,680 $449,680 Additional information: a. The inventory of supplies at the end of the year had a cost of $3,600 b. The cost of expired insurance for the year is $9.240. c. Annual depreciation of the equipment is $18.400 d. The September utilities expense was not included in the trial balance because the bill arrived after it was prepared. Its $830 amount needs to be recorded. e. The company's employees have earned $5,000 of accrued wages f. The interest expense of $110 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 facts: CHALLENGER CONSTRUCTION Work Sheet For Year Ended September 30, 2020 Unadjusted Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet & Statement of Changes in Equity Debit Credit No. Credit Debit Credit Debit Credit Debit Credit 101 Debit $ 22.800 18.000 10.560 58,000 110.000 $ 41,300 6.800 8.900 126 128 149 167 168 191 201 203 210 251 301 302 401 612 Account Cash Supplies Prepaid insurance Land not currently used in operation Equipment Accum depreciation equipment Copyright Accounts payable Interest payable Wages payable Long-term notes payable Chris Challenger, capital Chris Challenger withdrawals Construction revenue Depreciation expense, equipment Wages expense Interest expense Insurance expense Rent expense Supplies expense Business taxes expense Repairs expense Utilities expense Totals 58.000 83.000 72.000 258.480 623 96.800 1,100 27,200 633 637 640 652 683 684 690 12.000 5,820 8,600 $ 449,680 5 449.680 S 0 $ 0 $ 0 S 0 $ 0$ 0 $ 0 $ 0 Totals $ 0 $ 0 $ 0 $ 0 2. Use the work sheet to prepare the adjusting and closing entries. View transaction list Journal entry worksheet Record consumption of supplies. Note: Enter debits before credits. Date Sept 30, 2020 General Joumal Debit Credit Record entry Clear entry View general journal