GL0403 (Algo) - Based on Problem 4-2A LO C1, P1, P2 The unadjusted trial balance for Perry Construction Company at its June 30 current fiscal year-end, is found on the trial balance tab. The credit balance of the K. Perry, Capital account was $21,000 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 $3,600. b. Cost of expired insurance for the current fiscal year is $2,700. C. Annual depreciation on equipment is $29,400. d. June utilities expense of $1,200 is not included in the unadjusted trial balance because the bill arrived after the trial balance was prepared. The $1,200 amount owed must be recorded. e. Employees have earned $5,100 of accrued and unpaid wages at fiscal year-end, f. Rent expense incurred and not yet paid or recorded at fiscal year-end is $2,800. 9. Additional property taxes of $1,700 have been assessed for this fiscal year but have not been paid or recorded at fiscal year-end. h. $700 accrued interest for June has not yet been paid or recorded General Journal Requirement General Ledger Trial Balance Balance Sheet Post Closing Income Statement St Owners Equity General Journal tab - Prepare any necessary adjusting and closing entries for the current fiscal year. General Ledger tab - Each journal entry is posted automatically to the general ledger. Use the drop-down button to view the unadjusted, adjusted, or post-closing balances. Trial Balance tab - You may view the unadjusted, adjusted, or post-closing trial balances by choosing from the dropdown box below. Your choice will determine the reported values on the financial statement tabs. Income Statement tab - Use the drop-downs to select the accounts properly included on the income statement The unadjusted, adjusted or post-closing balances will appear for each account, based on your selection. Statement of Owner's Equity tab - The unadjusted, adjusted or post-closing balances will appear for each account, based on your selection. Balance Sheet tab - Use the drop-downs to select the accounts properly included on the balance sheet. The unadjusted, adjusted or post-closing balances will appear for each account, based on your selection. Post-Closing tab - Use the drop-downs to indicate whether each account is included on the post-closing trial balance. Journal entry worksheet ..... Record the entry to close the revenue account(s). Note: Enter debits before credits. Account Title Debit Credit Date Jun 30 7,200 Supplies expense Supplies 7,200 Record entry Clear entry View general journal Record the entry to close the expense account(s). Note: Enter debits before credits. Debit Account Title Date Credit Jun 30 Depreciation expense - Equipment Utilities expense 29,400 1,200 00 8 9 9 10 11 12 ..... Record the entry to close Income summary. Note: Enter debits before credits. Date Account Title Debit Credit Jun 30 Record entry Clear entry View general journal ..... Record the entry to close the revenue account(s). Note: Enter debits before credits. Account Title Debit Credit Date Jun 30 7,200 Supplies expense Supplies 7,200 Record entry Clear entry View general journal Record the entry to close the expense account(s). Note: Enter debits before credits. Debit Account Title Date Credit Jun 30 Depreciation expense - Equipment Utilities expense 29,400 1,200 00 8 9 9 10 11 12 ..... Record the entry to close Income summary. Note: Enter debits before credits. Date Account Title Debit Credit Jun 30 Record entry Clear entry View general journal