ogle Chrome File Edit View History Bookmarks Profiles My Inbox (232) - abigailof X Tab Window Help My Verify Your Email Addr 98 × G The following unadjust x iConnect - Home X M Question 4- Chapter ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fbb.mwcc.edu%252Fwe... C bjs-Google Search Chapter 4 Homework 29.4 points 4 Saved New Help Save & Exit Check my The following unadjusted trial balance is for Ace Construction Company at its June 30 current fiscal year-end. The credit balance of the V. Ace, Capital account was $51,300 on June 30 of the prior year, and the owner invested $27,000 cash during the current fiscal year. ACE CONSTRUCTION COMPANY Unadjusted Trial Balance June 30 eBook Number Account Title 101 Cash Ask 126 Supplies 128 Prepaid insurance Print 167 168 eferences 201 Equipment Accumulated depreciation-Equipment Accounts payable 203 Interest payable 208 Rent payable 210 Wages payable 213 Property taxes payable 251 Long-term notes payable 301 V. Ace, Capital 302 V. Ace, Withdrawals 403 Construction revenue 612 Depreciation expense-Equipment 623 Wages expense 633 Interest expense 637 Insurance expense 640 Rent expense 652 683 684 Repairs expense 690 Supplies expense Property taxes expense Utilities expense Totals 3 Debit $ 18,500 10,000 6,000 129,620 Credit $ 22,500 6,200 0 0 0 28,000 78,300 30,500 130,000 0 45,000 3,080 0 11,000 5,000 2,000 4,300 $ 265,000 $ 265,000 < Prev 4 of 6 sty N Next > 43 A Aa 10 Google Chrome C Gbjs-Google Search Chapter 4 Homework i Edit View History Bookmarks Profiles Tab Window Help x My Inbox (232) - abigailof X M Verify Your Email Addre x The following unadjust × WiConnect - Home x M Question 4- Chapter - × ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fbb.mwcc.edu%252Fwe... 1 New C Saved Help Save & Exit Su 4 Adjustments: 29.4 points eBook Ask References a. Supplies available at the end of the current fiscal year total $3,600. b. Cost of expired insurance for the current fiscal year is $3,780. c. Annual depreciation on equipment is $8,400. d. June utilities expense of $530 is not included in the unadjusted trial balance because the bill arrived after the trial balance was prepared. The $530 amount owed must be recorded. e. Employees have earned $1,500 of accrued and unpaid wages at fiscal year-end. f. Rent expense incurred and not yet paid or recorded at fiscal year-end is $200. g. Additional property taxes of $600 have been assessed for this fiscal year but have not been paid or recorded at fiscal year-end. h. $280 of accrued interest for June has not yet been paid or recorded. Required: 1. Prepare a 10-column work sheet for the current fiscal year, starting with the unadjusted trial balance and including adjustments using the above additional information. 2a. Prepare the adjusting entries (all dated June 30). 2b. Prepare the closing entries (all dated June 30). 3a. Prepare the income statement for the year ended June 30. 3b. Prepare the statement of owner's equity for the year ended June 30. 3c. Prepare the classified balance sheet at June 30. Complete this question by entering your answers in the tabs below. Check my w Required 1 Required 2A Required 2B Required 3A Required 3B Required 3C Prepare a 10-column work sheet for the current fiscal year, starting with the unadjusted trial balance and including adjustments using the above a ACE CONSTRUCTION COMPANY < Prev 4 of Next > 3 tv N 4 MacBook Pro Aa b
ogle Chrome File Edit View History Bookmarks Profiles My Inbox (232) - abigailof X Tab Window Help My Verify Your Email Addr 98 × G The following unadjust x iConnect - Home X M Question 4- Chapter ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fbb.mwcc.edu%252Fwe... C bjs-Google Search Chapter 4 Homework 29.4 points 4 Saved New Help Save & Exit Check my The following unadjusted trial balance is for Ace Construction Company at its June 30 current fiscal year-end. The credit balance of the V. Ace, Capital account was $51,300 on June 30 of the prior year, and the owner invested $27,000 cash during the current fiscal year. ACE CONSTRUCTION COMPANY Unadjusted Trial Balance June 30 eBook Number Account Title 101 Cash Ask 126 Supplies 128 Prepaid insurance Print 167 168 eferences 201 Equipment Accumulated depreciation-Equipment Accounts payable 203 Interest payable 208 Rent payable 210 Wages payable 213 Property taxes payable 251 Long-term notes payable 301 V. Ace, Capital 302 V. Ace, Withdrawals 403 Construction revenue 612 Depreciation expense-Equipment 623 Wages expense 633 Interest expense 637 Insurance expense 640 Rent expense 652 683 684 Repairs expense 690 Supplies expense Property taxes expense Utilities expense Totals 3 Debit $ 18,500 10,000 6,000 129,620 Credit $ 22,500 6,200 0 0 0 28,000 78,300 30,500 130,000 0 45,000 3,080 0 11,000 5,000 2,000 4,300 $ 265,000 $ 265,000 < Prev 4 of 6 sty N Next > 43 A Aa 10 Google Chrome C Gbjs-Google Search Chapter 4 Homework i Edit View History Bookmarks Profiles Tab Window Help x My Inbox (232) - abigailof X M Verify Your Email Addre x The following unadjust × WiConnect - Home x M Question 4- Chapter - × ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fbb.mwcc.edu%252Fwe... 1 New C Saved Help Save & Exit Su 4 Adjustments: 29.4 points eBook Ask References a. Supplies available at the end of the current fiscal year total $3,600. b. Cost of expired insurance for the current fiscal year is $3,780. c. Annual depreciation on equipment is $8,400. d. June utilities expense of $530 is not included in the unadjusted trial balance because the bill arrived after the trial balance was prepared. The $530 amount owed must be recorded. e. Employees have earned $1,500 of accrued and unpaid wages at fiscal year-end. f. Rent expense incurred and not yet paid or recorded at fiscal year-end is $200. g. Additional property taxes of $600 have been assessed for this fiscal year but have not been paid or recorded at fiscal year-end. h. $280 of accrued interest for June has not yet been paid or recorded. Required: 1. Prepare a 10-column work sheet for the current fiscal year, starting with the unadjusted trial balance and including adjustments using the above additional information. 2a. Prepare the adjusting entries (all dated June 30). 2b. Prepare the closing entries (all dated June 30). 3a. Prepare the income statement for the year ended June 30. 3b. Prepare the statement of owner's equity for the year ended June 30. 3c. Prepare the classified balance sheet at June 30. Complete this question by entering your answers in the tabs below. Check my w Required 1 Required 2A Required 2B Required 3A Required 3B Required 3C Prepare a 10-column work sheet for the current fiscal year, starting with the unadjusted trial balance and including adjustments using the above a ACE CONSTRUCTION COMPANY < Prev 4 of Next > 3 tv N 4 MacBook Pro Aa b
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