Valley Apartments, Inc.€™s unadjusted and adjusted trial balances at April 30, 2012, follow.

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

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Valley Apartments, Inc. Adjusted Trial Balance April 30, 2012 Trial Balance Adjusted Trial Balance DebitCreditDebitCredit Account 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 Total 8,200 6,300 4,900 2,400 $ 8,200 6,830 500 4,900 800 1,000 69,000 69,000 9,100 6,800 $11,000 6,800 700 1,300 19,000 41,000 1,700 19,000 41,000 3,800 3,800 19,700 800 20,630 1,300 1,900 400 100 2,300 600 1,400 100 1,600 600 $98,100 $98,100 $101,730 $101.730