Sundance Apartments Inc.'s unadjusted and adjusted trial balance at April 30, 2020, follow:

Requirements

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

2. Compute Sundance Apartments Inc.'s total assets, total liabilities, total equity, and net income. Prove your answer with the accounting equation.

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1 A Sundance Apartments Inc. Adjusted Trial Balance April 30, 2020 B C D E F 2 3 Trial Balance Account Title Debit Credit Adjusted Trial Balance Debit Credit 10 10 Cash $ 8,300 $ 8,300 5 Accounts receivable 6,300 6,800 69 6 Interest receivable 300 Note receivable 4,100 4,100 8 Supplies 900 200 9 Prepaid insurance 2,400 700 10 Building 66,400 66.400 11 Accumulated depreciation $ 16,000 $ 18,200 12 Accounts payable 6,900 6,900 13. Wages payable 400 14 Unearned rental revenue 600 100 15 Share capital 18,000 18,000 16 Retained earnings 42,700 +2.700 17 Dividends 3,600 3.600 18 Rental revenue 9,900 10,900 19 Interest revenue 300 20 Wages expense 1,600 2,000 21 Insurance expense 1,700 22 Depreciation expense 2,200 23 Property tax expense 300 300 24 Supplies expense 700 25 Utilities expense 200 200 26 $94,100 $94,100 $ 97,500 $ 97,500 27