Crossway 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 Crossway’s total assets, total liabilities, net income, and total equity.

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1 NH 2 A1 Account 3 4 Cash Crossway Rental Company Trial Balance Worksheet June 30, 2021 5 Accounts receivable Interest receivable 6 7 Note receivable 8 Supplies 9 Prepaid insurance 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 4,800 1,800 3,000 66,600 3,000 100 1,200 200 Credit $ 7,300 7,000 1,600 16,000 41,600 20,600 1,100 Adjusted Trial Balance Debit Credit $ 8,400 6,850 1,000 4,800 200 2,000 66,600 3,000 1,400 1,600 100 $ 8,700 7,000 780 1,300 16,000 41,600 21,650 2,100 1,980 200 1,000 $ 95,200 $95,200 $99,130 $ 99,130