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The following unadjusted trial balance is for Ace Construction Co.as of the end of its 2017 fscal yeor The June 30, 2016, credit of the owner's capital account was $53,660, and the owner invested $35,000 cash in the company during the 2017 fiscal year Onadjuated Trial Salance une 30, 2017 s 26,250 201 Accounts payabie 204 Rent payable 213 Property taxes payable 88,660 132.100 683 Property taxes expense 684 Repairs expense Adjustments a. The supplies available at the end of fiscal year 2017 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 i s not included i n 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 L 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 h. The long term note payable bears interest at 12% per year. The unadjusted Interest Expense accout have earned $1,800 of accrued wages at fiscal year-end paid or recorded in the accounts first 11 months of the 2017 fiscal year. The $250 accrued interest f for June has not yet been paid or recorded (The company is required to make a $5,000 payment toward the note payable during the 2019 fiscal year) Required 1 Prepare a 10-column work sheet for fiscal year 2017, starting with the unedjusted t the additional facts. The June 30, 2016, credit balance cash in the company during the 2017 fiscal year 2a. Prepare the adjusting entries (ail dated June 30, 201) 2b. Prepare the closing entries (all dated June 30, 2017) 3a Prepare the income statement for the year ended June 30, 2017 b. Prepare the statement of owner's equity for the year ended June 30, 2017 3c. Prepare the classified balance sheet at June 30. 2017 trial balance and including adjustments based on e of the owner's capital account was $53,660, and the owner invested $35,000 of 1 Ne VIZIO

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