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Complete this question by entering your answers in the tabs below. Check my work Required 1 Required 2A Required 2B Required 3A Required 3B Required 3C pped Prepare a 10-column work sheet for fiscal year 2017, starting with the unadjusted trial balance and including adjustments based on the additional facts. The June 30, 201 $59200, and the owner invested $29000 cash in the company during the 2017 fiscal year. Book Vint + ACE CONSTRUCTION CO. Work Sheet For Year Ended June 30, 2017 Unadjusted Trial Balance Adjustments Dr. Cr. Adjusted Trial Balance Cr. Income Statement Dr. Dr. $ 19,500 7,500 Cr. Balance She of Ow Dr. Dr. cr. 6,000 154,890 No. Account Title 101 Cash 126 Supplies 128 Prepaid insurance 167 Equipment 168 Accumulated depreciation Equipment 201 Accounts payable 203 Interest payable 208 Rent payable 210 Wages payable 213 Property taxes payable 290 Current nortinn ntin.ferminoles navale 22.000 6,000 5 Son! 5.500 Check my work ed 88,200 k 43,000 208 Rent payable 210 Wages payable 213 Property taxes payable 220 Current portion of Long-term notes payable" 5,500 5,500 251 Long-term notes payable" 15,500 15,500 301 V. Ace, Capital 302 V. Ace, Withdrawals 29,500 401 Construction fees earned 149,000 612 Depreciation expense-Equipment 623 Wages expense 633 Interest expense 2,310 637 Insurance expense 640 Rent expense 13,000 652 Supplies expense 683 Property taxes expense 4,000 684 Repairs expense 2,400 690 Utilities expense 4,100 Totals $ 286,200 S 286,200 $ 0 $ 0 $ 0 $ 21,000 Net Income Totals $ *Using item h above, the notes payable account is reclassified into current and long-term portions for the unadjusted trial balance columns of the work sheet. 0 0 0 $ 0 $ Required 1 Required 2A > Saved Journal entry worksheet Record the entry to close revenue accounts. Note: Enter debits before credits. Date General Journal Debit Credit Jun 30 Record entry Clear entry View general journal Journal entry worksheet Prey 1 of 2 PHP Next > Required 1 Required 2A Required 2B Required 3A Required 3B Required 3C Prepare the income statement for the year ended June 30, 2017. ACE CONSTRUCTION CO. Income Statement For Year Ended June 30, 2017 Revenues: Expenses: Total expenses 0 $ 0 Required 1 Required 2A Required 2B Required 3A Required 3B Required 3C Prepare the statement of owner's equity for the year ended June 30, 2017. The June 30, 2016, credit balance of the owner's capital account was $59,200, and the owner invested $29,000 cash in the company during the 2017 fiscal year. ACE CONSTRUCTION CO. Statement of Owner's Equity For Year Ended June 30, 2017 V. Ace, Capital, June 30, 2016 0 0 0 V. Ace, Capital, June 30, 2017 $ Complete this question by entering your answers in the tabs below. Check my work Required 1 Required 2A Required 2B Required 3A Required 3B Required 3C pped Prepare a 10-column work sheet for fiscal year 2017, starting with the unadjusted trial balance and including adjustments based on the additional facts. The June 30, 201 $59200, and the owner invested $29000 cash in the company during the 2017 fiscal year. Book Vint + ACE CONSTRUCTION CO. Work Sheet For Year Ended June 30, 2017 Unadjusted Trial Balance Adjustments Dr. Cr. Adjusted Trial Balance Cr. Income Statement Dr. Dr. $ 19,500 7,500 Cr. Balance She of Ow Dr. Dr. cr. 6,000 154,890 No. Account Title 101 Cash 126 Supplies 128 Prepaid insurance 167 Equipment 168 Accumulated depreciation Equipment 201 Accounts payable 203 Interest payable 208 Rent payable 210 Wages payable 213 Property taxes payable 290 Current nortinn ntin.ferminoles navale 22.000 6,000 5 Son! 5.500 Check my work ed 88,200 k 43,000 208 Rent payable 210 Wages payable 213 Property taxes payable 220 Current portion of Long-term notes payable" 5,500 5,500 251 Long-term notes payable" 15,500 15,500 301 V. Ace, Capital 302 V. Ace, Withdrawals 29,500 401 Construction fees earned 149,000 612 Depreciation expense-Equipment 623 Wages expense 633 Interest expense 2,310 637 Insurance expense 640 Rent expense 13,000 652 Supplies expense 683 Property taxes expense 4,000 684 Repairs expense 2,400 690 Utilities expense 4,100 Totals $ 286,200 S 286,200 $ 0 $ 0 $ 0 $ 21,000 Net Income Totals $ *Using item h above, the notes payable account is reclassified into current and long-term portions for the unadjusted trial balance columns of the work sheet. 0 0 0 $ 0 $ Required 1 Required 2A > Saved Journal entry worksheet Record the entry to close revenue accounts. Note: Enter debits before credits. Date General Journal Debit Credit Jun 30 Record entry Clear entry View general journal Journal entry worksheet Prey 1 of 2 PHP Next > Required 1 Required 2A Required 2B Required 3A Required 3B Required 3C Prepare the income statement for the year ended June 30, 2017. ACE CONSTRUCTION CO. Income Statement For Year Ended June 30, 2017 Revenues: Expenses: Total expenses 0 $ 0 Required 1 Required 2A Required 2B Required 3A Required 3B Required 3C Prepare the statement of owner's equity for the year ended June 30, 2017. The June 30, 2016, credit balance of the owner's capital account was $59,200, and the owner invested $29,000 cash in the company during the 2017 fiscal year. ACE CONSTRUCTION CO. Statement of Owner's Equity For Year Ended June 30, 2017 V. Ace, Capital, June 30, 2016 0 0 0 V. Ace, Capital, June 30, 2017 $
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