Question: Problem 4 - 2 A ( Algo ) Preparing a work sheet, adjusting and closing entries, and financial statements LO C 1 , P 1

Problem 4-2A (Algo) Preparing a work sheet, adjusting and closing entries, and financial statements LO C1, P1, P2The following unadjusted trial balance is for Ace Construction Company at its June 30 current fiscal year-end. The credit balance of the V. Ace, Capital account was $55,700 on June 30 of the prior year, and the owner invested $24,000 cash during the current fiscal year.

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