The following unadjusted trial balance is for Ace Construction Company at its June 30 current fiscal...

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The following unadjusted trial balance is for Ace Construction Company at its June 30 current fiscal year-end. The credit balance of the Retained Earnings account was $27,000 on June 30 of the prior year. ACE CONSTRUCTION COMPANY Unadjusted Trial Balance June 30 Number 101 Account Title Cash Debit $ 15,000 Credit 126 Supplies 9,000 128 167 168 201 Prepaid insurance Equipment Accumulated depreciation-Equipment Accounts payable 7,000 131,130 $ 26,000 5,200 203 Interest payable 0 208 Rent payable 0 210 Wages payable 0 213 251 Property taxes payable Long-term notes payable 0 27,000 307 Common stock 50,500 318 Retained earnings 27,000 319 Dividends 31,000 403 Construction revenue 134,000 612 Depreciation expense-Equipment 0 623 Wages expense 49,000 633 Interest expense 2,970 637 Insurance expense 0 640 Rent expense 14,000 652 Supplies expense 0 683 Property taxes expense 4,400 684 Repairs expense 2,400 690 Utilities expense 3,800 Totals Adjustments: $ 269,700 $ 269,700 a. Supplies available at the end of the current fiscal year total $3,240. b. Cost of expired insurance for the current fiscal year is $4,410. c. Annual depreciation on equipment is $8,900. d. June utilities expense of $550 is not included in the unadjusted trial balance because the bill arrived after the trial balance was The following unadjusted trial balance is for Ace Construction Company at its June 30 current fiscal year-end. The credit balance of the Retained Earnings account was $27,000 on June 30 of the prior year. ACE CONSTRUCTION COMPANY Unadjusted Trial Balance June 30 Number 101 Account Title Cash Debit $ 15,000 Credit 126 Supplies 9,000 128 167 168 201 Prepaid insurance Equipment Accumulated depreciation-Equipment Accounts payable 7,000 131,130 $ 26,000 5,200 203 Interest payable 0 208 Rent payable 0 210 Wages payable 0 213 251 Property taxes payable Long-term notes payable 0 27,000 307 Common stock 50,500 318 Retained earnings 27,000 319 Dividends 31,000 403 Construction revenue 134,000 612 Depreciation expense-Equipment 0 623 Wages expense 49,000 633 Interest expense 2,970 637 Insurance expense 0 640 Rent expense 14,000 652 Supplies expense 0 683 Property taxes expense 4,400 684 Repairs expense 2,400 690 Utilities expense 3,800 Totals Adjustments: $ 269,700 $ 269,700 a. Supplies available at the end of the current fiscal year total $3,240. b. Cost of expired insurance for the current fiscal year is $4,410. c. Annual depreciation on equipment is $8,900. d. June utilities expense of $550 is not included in the unadjusted trial balance because the bill arrived after the trial balance was