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 General Income Requirement St Owners Journal Ledger Trial Balance Statement Equity Balance Sheet Post Closing 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 property 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, PERRY CONSTRUCTION COMPANY Trial Balance June 30, 2021 Account Title Debit Credit $ 70,300 10,800 8,100 147,000 58,800 8,300 70,000 66,000 Cash Supplies Prepaid insurance Equipment Accumulated depreciation - Equipment Accounts payable Long-term notes payable K. Perry, Capital K. Perry, Withdrawals Construction revenue Wages expense Interest expense Rent expense Property taxes expense Repairs expense Utilities expense Total 22.000 172.000 52.000 7.700 30,800 10,200 4,200 12,000 375,100 $ 375, 100 General Ledger Account Cash Debit Supplies Debit Credit No. Credit No. Date Jun 30 Balance 70,300 Date Jun 30 Balance 10,800 Prepaid Insurance Debit Credit Equipment Debit No. Balance No. Credit Date Jun 30 Date Jun 30 Balance 147,000 8,100 Accumulated depreciation - Equipment Date Debit Credit Jun 30 Accounts payablo Debit Credit No. No. Balance 58,800 Date Jun 30 Balance 8,300 Long-term notes payable Debit Credit K. Perry, Capital Debit Credit No. No. Date Jun 30 Balance 70,000 Dato Jun 30 Balance 66,000 K. Porry, Withdrawals Debit Credit Construction revenue Debit Credit No. No. Date Jun 30 Balance 22,000 Date Jun 30 Balance 172,000 Interest expense Wages expense Accounts payable No. Debit Credit No. Accumulated depreciation - Equipment Date Debit Credit Jun 30 Balance 58,800 Date Jun 30 Balance 8,300 Long-term notes payable Debit Credit K. Perry, Capital Debit Credit Balance No. No. Date Jun 30 Balance 70,000 Date Jun 30 66,000 Construction revenue K. Perry, Withdrawals Debit Credit No. Debit Credit No. Dato Jun 30 Balance 22,000 Date Jun 30 Balance 172,000 Wages expense Debit Credit Interest expense Debit Credit No. No. Date Jun 30 Balance 52,000 Date Jun 30 Balance 7,700 Rent expense Debit Credit Property taxes exponso Debit Credit No. No. Dato Jun 30 Balance 30.800 Date Jun 30 Balance 10,200 Repairs expense Debit Credit Utilities expenso Debit Credit No. No. Date Jun 30 Balance 4,200 Date Jun 30 Balance 12,000