Crossway Apartments, Inc.s unadjusted and adjusted trial balances at April 30, 2012, follow: Requirements 1. Make the
Question:
Requirements
1. Make the adjusting entries that account for the differences between the two trial balances.
2. Compute Crossways total assets, total liabilities, net income, and totalequity.
Transcribed Image Text:
Crossway Apartments, Inc. Adjusted Trial Balance April 30, 2012 Trial Balance Adjusted Trial Balance Debit Credit Debit Credit S 8,400 Account Cash Accounts receivable Interest receivable Note receivable Supplies Prepaid insurance Building Accumulated depreciation Accounts payable Wages payable Unearned rental revenue Common stock Retained earnings Dividends Rental revenue Interest revenue Depreciation expense Supplies expense Utilities expense Wage expense Property tax expense Insurance expense Total S 8,400 6,800 400 5,300 600 900 63,000 6,300 5,300 1,300 2,400 63,000 $10,200 6,300 1,200 1,800 14,000 46,200 5 8,800 6,300 2,000 14,000 46,200 3,500 3,500 15,000 300 15,700 700 1,400 700 400 2,500 700 1,500 400 1,300 700 92,600$92,600 96,100 $96,100
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Related Book For
Financial accounting
ISBN: 978-0132751124
9th edition
Authors: Walter T. Harrison Jr., Charles T. Horngren, C. William Thom
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