Valley Apartments Inc. Trial Balance April 30, 2017 Unadjusted Trial Balance Debit Credit $ 8,600 6,900 Adjusted Trial Balance Debit Credit $ 8,600 7,000 700 4,400 100 4,400 900 2,300 66,100 900 66,100 16,200 6,300 - Account Title Cash Accounts receivable Interest receivable Note receivable Supplies Pre paid insurance Building Accumulated depreciation Accounts payable Wages payable Unearned rental revenue Share capital Retained earnings Dividends Rental revenue Interest revenue Wages expense Insurance expense Depreciation expense Property tax expense Supplies expense Utilities expense Total 18,300 6,300 200 500 18,300 42,400 1,500 18,300 42,400 3,380 3,380 10,500 700 280 1,200 1,400 2,100 280 800 240 97,200 240 94,100 $ $ 94,100 $ $ 97,200 Required: Required: 1. Make the necessary adjusting journal entries. Explanations for your journal entries are not required. Note: You must show each adjusting journal entry separately to demonstrate that you understand which accounts go together. 2. Use the adjusted trial balance to provide the totals that would appear in the company's accounting equation. You are not required to show your calculations. 3. Use the adjusted trial balance to calculate the company's net income. You are not required to show your calculations