Appletree Rental Company’s unadjusted and adjusted trial balances at June 30, 2021, follow. 

Requirements 

1. Make the adjusting entries that account for the differences between the two trial balances.

2. Calculate Appletree’s total assets, total liabilities, net income, and total equity.

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A1 Appletree Rental Company Trial Balance Worksheet June 30, 2021 1 2 3 4 Cash 5 Accounts receivable Interest receivable 6 7 Note receivable 8 Supplies 9 Prepaid insurance Account 10 Building 11 Accumulated depreciation-building 12 Accounts payable 13 Wages payable 14 Unearned rental revenue 15 Common stock 16 Retained earnings 17 Dividends 18 Rental revenue 19 Interest revenue 20 Depreciation expense-building 21 Supplies expense 22 Utilities expense 23 Wage expense 24 Property tax expense 25 Insurance expense 26 Total 27 Trial Balance Debit $ 8,400 6,100 4,400 1,500 3,100 68,000 3,300 700 1,700 400 $97,600 Credit $ 7,800 7,000 1,900 16,000 44,500 19,350 1,050 $97,600 Adjusted Trial Balance Debit Credit $ 8,400 6,880 600 4,400 200 1,800 68,000 3,300 1,400 1,300 700 2,570 400 1,300 $101,250 $ 9,200 7,000 870 1,400 16,000 44,500 20,630 1,650 $101,250