Unadjusted The unadjusted or adjusted balances will appear for each item, based on your selection. If post-closing is selected, only ending capital will be displayed. MITCHELL CONSTRUCTION COMPANY Income Statement For Year Ended June 30 General Ledger Account \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Cash } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & June 30 & & & 57,900 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Supplies } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & June 30 & & & 11,100 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Prepaid insurance } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & June 30 & & & 8,400 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Equipment } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & June 30 & & & 159,000 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Accumulated depreciation - Equipment } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & June 30 & & & 63,600 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|r|} \hline \multicolumn{5}{|c|}{ Accounts payable } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & June 30 & & & 8,800 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Long-term notes payable } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & June 30 & & & 35,000 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Retained earnings } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & June 30 & & & 74,000 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Dividends } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & June 30 & & & 27,000 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Construction revenue } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & June 30 & & & 178,000 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Wages expense } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & June 30 & & & 53,000 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Interest expense } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & June 30 & & & 3,850 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Rent expense } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & June 30 & & & 15,400 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Property taxes expense } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & June 30 & & & 11,400 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Repairs expense } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & June 30 & & & 3,850 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|r|} \hline \multicolumn{5}{|c|}{ Utilities expense } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & June 30 & & & 8,500 \\ \hline \end{tabular} Prepare the required adjusting entries and closing entries for Mitchell Construction Company. Journal entry worksheet Supplies available at the end of the current fiscal year total $3,700. Record the required adjusting entry, if any. Note: Enter debits before credits. The following unadjusted trial balance is for Mitchell Construction Company at its June 30 current fiscal year-end. The credit balance of the Retained Earnings account was $74,000 on June 30 of the prior year. Information for adjustments is as follows: a. Supplies available at the end of the current fiscal year total $3,700. b. Cost of expired insurance for the current fiscal year is $2,800. c. Annual depreciation on equipment is $31,800. d. June utilities expense of $850 is not included in the unadjusted trial balance because the bill arrived after the trial balance was prepared. The $850 amount owed must be recorded. e. Employees have earned $5,700 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 $1,900 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 Retained Earnings 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