Fairview Apartments, Inc.€™s unadjusted and adjusted trial balances at April 30, 2010, follow:

Requirements
1. Make the adjusting entries that account for the differences between the two trial balances.
2. Compute Fairview€™s total assets, total liabilities, total equity, and netincome.

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Fairview Apartments, Inc. Adjusted Trial Balance April 30, 2010 Trial Balance Adjusted Trial Balance Account Debit Credit Debit Credit 7,900 6,000 s 7,900 6,880 500 5,000 600 800 67,000 Accounts receivable Interest receivable Note receivable Supplies Prepaid insurance Building Accumulated depreciation Accounts payable Wages payable Unearned rental revenue Common stock Retained earnings Dividends Rental revenue Interest revenue Depreciation expense Supplies expense Utilities expense Wage expense Property tax expense Insurance expense 5,000 1,500 2,500 67,000 $ 8,800 6,500 $10.300 6,500 800 1,200 17,000 43,300 1,500 17,000 43,300 3,200 3,200 18,300 19,480 1,500 1,900 2,700 $95,600 $95,600 S99,280 99,280