Lemontree Rental Company Trial Balance Worksheet June 30, 2018 Trial Balance Debit Credit $ 8,900 6,700 Adjusted Trial Balance Debit Credit Account $ 8,900 6,850 800 Cash Accounts receivable Interest receivable Note receivable Supplies Prepaid insurance 4,900 4,900 1,700 2,400 400 1,000 Lemontree Rental Company's unadjusted and adjusted trial balances at June 30, 2018, follow. Click the icon to view the unadjusted and adjusted trial balances.) Read the requirements. Requirement 1. Make the adjusting entries that account for the differences between the two trial balances. (Record debits first, then credits. Exclude explanations from any journal entries.) The first difference occurs in the Accounts Receivable account. Record the adjustment to Accounts Receivable and the related account. Journal Entry Accounts Date Debit Credit Jun 30 The second difference occurs in the Interest Receivable account. Record the adjustment to Interest Receivable and the related account. Journal Entry Accounts Date Debit Credit Jun 30 The third difference occurs in the Supplies account. Record the adjustment to Supplies and the related account. Journal Entry Accounts Debit Credit Date Jun 30 The fourth difference occurs in the Prepaid Insurance account. Record the adjustment to Prepaid Insurance and the related account. Journal Entry Date Accounts Debit Credit Jun 30 The fifth difference occurs in the Accumulated Depreciation-Building account. Record the adjustment to Accumulated DepreciationBuilding and the related account. Journal Entry Accounts Date Debit Credit Jun 30 The sixth difference occurs in the Wages Payable account. Record the adjustment to Wages Payable and the related account. Journal Entry Accounts Date Debit Credit Jun 30 The seventh difference occurs in the Unearned Rental Revenue account. Record the adjustment to Unearned Rental Revenue and the related account. Journal Entry Accounts Date Debit Credit Jun 30 Requirement 2. Compute Lemontree's total assets, total liabilities, net income, and total equity. Total Assets Total Liabilities.. Net Income Total Equity Lemontree Rental Company Trial Balance Worksheet June 30, 2018 Trial Balance Debit Credit $ 8,900 6,700 Adjusted Trial Balance Debit Credit Account $ 8,900 6,850 800 Cash Accounts receivable Interest receivable Note receivable Supplies Prepaid insurance 4,900 4,900 1,700 2,400 400 1,000 Lemontree Rental Company's unadjusted and adjusted trial balances at June 30, 2018, follow. Click the icon to view the unadjusted and adjusted trial balances.) Read the requirements. Requirement 1. Make the adjusting entries that account for the differences between the two trial balances. (Record debits first, then credits. Exclude explanations from any journal entries.) The first difference occurs in the Accounts Receivable account. Record the adjustment to Accounts Receivable and the related account. Journal Entry Accounts Date Debit Credit Jun 30 The second difference occurs in the Interest Receivable account. Record the adjustment to Interest Receivable and the related account. Journal Entry Accounts Date Debit Credit Jun 30 The third difference occurs in the Supplies account. Record the adjustment to Supplies and the related account. Journal Entry Accounts Debit Credit Date Jun 30 The fourth difference occurs in the Prepaid Insurance account. Record the adjustment to Prepaid Insurance and the related account. Journal Entry Date Accounts Debit Credit Jun 30 The fifth difference occurs in the Accumulated Depreciation-Building account. Record the adjustment to Accumulated DepreciationBuilding and the related account. Journal Entry Accounts Date Debit Credit Jun 30 The sixth difference occurs in the Wages Payable account. Record the adjustment to Wages Payable and the related account. Journal Entry Accounts Date Debit Credit Jun 30 The seventh difference occurs in the Unearned Rental Revenue account. Record the adjustment to Unearned Rental Revenue and the related account. Journal Entry Accounts Date Debit Credit Jun 30 Requirement 2. Compute Lemontree's total assets, total liabilities, net income, and total equity. Total Assets Total Liabilities.. Net Income Total Equity
