P3-72B. (Learning Objective 3: Analyzing and recording adjustments) Greenfield Apartments, Inc.’s unadjusted and adjusted trial balances at April 30, 20X6, follow:

Requirements 1. Make the adjusting entries that account for the differences between the two trial balances.
2. Compute Greenfield’s total assets, total liabilities, total equity, and net income.

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A1 Greenfield Apartments, Inc. Adjusted Trial Balance 1234 Trial Balance Account 4 Cash 7,900 5 Accounts receivable 6,000 April 30, 20X6 Debit Credit Adjusted Trial Balance Debit Credit 7,900 7,850 6 Interest receivable 750 7 Note receivable 5,000 5,000 8 Supplies 1,500 800 9 Prepaid insurance 2,500 600 10 Building 67,000 67,000 11 Accumulated depreciation 8,800 10,300 12 Accounts payable 6,500 6,500 13 Wages payable 1,100 14 Unearned rental revenue. 1,500 1,200 15 Share capital 17,000 17,000 16 Retained earnings 43,300 43,300 17 Dividends 3,200 3,200 18 Rental revenue 18,300 20,450 19 Interest revenue 20 Depreciation expense 21 Supplies expense 22 Utilities expense 23 Wage expense 24 Property tax expense 25 Insurance expense 26 Total 27 95,600 95,600 100,800 100,800 200 950 1,500 700 300 1,900 300 300 3,000 300 1,900