Driftwood Apartments, Inc.s unadjusted and adjusted trial balances at April 30, 2014, follow: Requirements 1. Make the

Driftwood Apartments, Inc.’s unadjusted and adjusted trial balances at April 30, 2014, follow:

Requirements
1. Make the adjusting entries that account for the differences between the two trial balances.
2. Compute Driftwood Apartment’s total assets, total liabilities, net income, and totalequity.

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A1 Driftwood Apartments, Inc. Trlal Balance Worksheet April 30, 2014 Trial Balance Debi Adjusted Trial Balance Account t Credit t DebltCredit $7,900 $7900 6,800 Cash 5 Accounts receivable 7,150 400 5,300 800 900 Interest receivable 7 Note receivable 5,300 1,300 2,400 93,000 Supplies Prepaid insurance 1 Building 93,000 8,800 6,300 $10,200 6,300 1,330 950 34,000 56,150 Accumulated depreciation, building 1 Accounts payable Wages payable 1 Unearned rental revenue 5 Common stock 2,000 34,000 6,150 Retained earnings 1 Dividends 3,200 3,200 Rental revenue 19 Interest revenue 20 Depreclation expense 21 Supplies expense 22 Utilitles expense 2 Wage expense 15,000 300 16,400 700 1400 500 700 2,630 650 1500 700 1,300 650 Property tax expense 2 Insurance expense Total $122,550 $122,550 $126,030 $126,030