GL0403(Algo)- Based on Problem 4-2A LO C1, P1, P2 The unadjusted trial balance...

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Accounting

GL0403(Algo)- Based on Problem 4-2A LO C1, P1, P2
The unadjusted trial balance for Lee Construction Company at its June 30 current fiscal year-end, is found on the trial balance tab. The credit balance of the E. Lee, Capital account was $13,000 on June 30 of the prior year, and the owner invested $45,000 cash during the current fiscal year.
Information for adjustments is as follows:
Supplies available at the end of the current fiscal year total $3,500.
Cost of expired insurance for the current fiscal year is $2,600.
Annual depreciation on equipment is $27,600.
June utilities expense of $550 is not included in the unadjusted trial balance because the bill arrived after the trial balance was prepared. The $550 amount owed must be recorded.
Employees have earned $4,650 of accrued and unpaid wages at fiscal year-end.
Rent expense incurred and not yet paid or recorded at fiscal year-end is $1,400.
Additional property taxes of $1,550 have been assessed for this fiscal year but have not been paid or recorded at fiscal year-end.
$350 accrued interest for June has not yet been paid or recorded.

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