What accounts need to be included on the Balance Sheet?
U GL0403 - Based on Problem 4-2A Ace Construction Co. LO C3, P1, P2 The unadjusted trial balance for Ace Construction Co. as of June 30, 2019, the end of its fiscal year, is found on the trial balance tab. The June 30, 2018, credit balance of the owner's capital account was $53,660, and the owner invested $35,000 cash in the company during the 2019 fiscal year. Information for adjustments is as follows: a. The supplies available at the end of fiscal year 2019 had a cost of $3,300, b. The cost of expired insurance for the fiscal year is $3,800. c. Annual depreciation on equipment is $8,400, d. The June utilities expense of $650 is not included in the unadjusted trial balance because the bill arrived after the trial balance was prepared. The $650 amount owed needs to be recorded. e. The company's employees have earned $1,800 of accrued and unpaid wages at fiscal year-end. f. The rent expense incurred and not yet paid or recorded at fiscal year-end is $500 g. Additional property taxes of $1.000 have been assessed for this fiscal year but have not been paid or recorded in the accounts. h. The $250 accrued interest for June on the long-term notes payable has not yet been paid or recorded. Requirement General Journal General Ledger Trial Balance Income Statement St Owners Equity Balance Sheet Post Closing 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 avec mework Problems: Accounting Cycle ... ACE CONSTRUCTION CO. Balance Sheet June 30, 2019 ASSETS Current assets: $ $ 0 Oo 0 Plant assets LIABILITIES AND EQUITY Current liabilities 0 0 0 0 Saved Homework Problems: Accounting Cycle ... 0 LIABILITIES AND EQUITY Current liabilities: $ o 0 0 0 0 $ 0 Noncurrent liabilities 0 Equity