What need to be included in the Income Statement? what need to be current?

unadjusted trial balance

Return to 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. 9. 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. Answer is not complete. General General Income St Owners --Homework Problems: Accounting Cycle ... O Saved Hel Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate For Year Ended June 30, 2019 Revenues: Insurance expense Repairs expense Total revenues Expenses: 3,800 2,910 $ 6,710 0 0 0 0 0 0 0 0 0 0 Not income S 6,710 Trial Balance June 30, 2019 Account Title Debit Credit S 18,500 9,900 7,200 132,000 Cash Supplies Prepaid insurance Equipment Accumulated depreciation - Equipment Accounts payable Long-term notes payable AV. Ace, Capital IV. Ace, Withdrawals Construction fees eamed 'Wages expense Interest expense Rent expense Property taxes expense Repairs expense Utilities expense Total 25,250 6,800 25,000 88,660 33,000 132.100 46,860 2,750 12,000 7.800 2,910 5,890 278,810 $ $ 278,810