GL$0403($Algo$)-$ Based on Problem $4-2$A LO C$1,$ P$1,$ P$2$

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:

a$.$ Supplies available at the end of the current fiscal year total $$3,500.$

b$.$ Cost of expired insurance for the current fiscal year is $$2,600.$

c$.$ Annual depreciation on equipment is $$27,600.$

d$.$ 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.

e$.$ Employees have earned $$4,650$ of accrued and unpaid wages at fiscal year$-$end.

f$.$ Rent expense incurred and not yet paid or recorded at fiscal year$-$end is $$1,400.$

g$.$ Additional property taxes of $$1,550$ have been assessed for this fiscal year but have not been paid or recorded at fiscal year$-$end.

h$.$ $$350$ accrued interest for June has not yet been paid or recorded.

Prepare the required adjusting entries and closing entries for Lee Construction Company.

Need: general journal for $12$ days