Peachtree 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 Peachtree€™s total assets, total liabilities, total equity, and netincome.

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Peachtree Apartments, Inc. Adjusted Trial Balance April 30, 2010 Trial Balance Adjusted Trial Balance Account Debit Credit Debit Credit $ 8,900 6,810 Cash 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 S 8,900 5,900 4,400 1,800 4,400 70,000 70,000 $ 7,400 6,700 S 8,800 6,700 1,000 1,600 17,000 40,000 2,100 17,000 40,000 3,300 3,300 25,100 26,510 1,400 1,200 1,300 1,700 98,70098,700 $102,210 $102,210