Lemontree Rentals, Inc.'s, unadjusted and adusted trial balances at june 30, 2016, follow. Requirements 1. Make the
Question:
Requirements
1. Make the adjusting entries that account for the differences between the two trial balances.
2. Compute Lemontree Rentals' total assets, total liabilities, net income, and total equity.
Transcribed Image Text:
Lemontree Rentals, Inc Trial Balance Worksheet June 30, 2016 Trial Balance Debit Credit Adjusted Trial Balance DebitCredit Account Cash Accounts receivable Interest receivable Note receivable Supplies Prepaid insurance Building Accumulated depreciation-building Accounts payable Wages payable Unearned rental revenue Common stock Retained earnings Dividends Rental revenue Interest revenue Depreciation expense-building Supplies expense Utilities expense Wage expense Property tax expense Insurance expense Tota $ 8,000 6,000 一-45001 1,400 2,600 63,000 $8,000 6,810 300 4,500 700 900 3000 $7.900 6,500 1,800 23,000 41,400 9,500 6,500 840 1,380 23,000 41,400 3,600 3,600 10,300 11,530 1,000 700 1,600 700 400 2,240 700 1700 400 1,400 700 l . $91,600 $91,600 $95,150 $95,150
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Req 1 Journal DATE ACCOUNT TITLES AND EXPLANATION DEBIT CREDIT June 30 Accounts Receivable 6810 600...View the full answer
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Related Book For
Financial Accounting
ISBN: 978-0134127620
11th edition
Authors: Walter Harrison, Charles Horngren, William Thomas, Wendy Tietz
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