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P3-61A. (Learning Objective 3: Adjust the accou unadjusted and adjusted trial balances at June 30, 2018, follo ve 3: Adjust the accounts) Appletree Rental Companys
P3-61A. (Learning Objective 3: Adjust the accou unadjusted and adjusted trial balances at June 30, 2018, follo ve 3: Adjust the accounts) Appletree Rental Companys Appletree Rental Company Trial Balance Worksheet June 30, 2018 Trial Balance Debit Credit $ 8,400 6,100 Adjusted Trial Balance Debit Credit $ 8,400 6,880 600 4,400 200 4,400 1,500 3,100 68,000 1,800 68,000 $ 7,800 7,000 3 Account 4 Cash 5 Accounts receivable 6 Interest receivable 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 $ 9,200 7,000 870 1,400 16,000 44,500 1,900 16,000 44,500 3,300 3,300 19,350 1,050 20,630 1,650 700 1,700 1,400 1,300 700 2,570 400 1,300 $101,250 400 $97,600 $97,600 $101,250 27 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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