Dr. March 31, 2020 Unadjusted Trial Balance No. Account Cr. 101 Cash $ 6,800 110 Rent receivable 30,800 124 Office supplies 2,150 141 Notes receivable, due 2023 45,000 161 Furniture 15,800 173 Building 214,000 183 Land 40,000 191 Patent 9,400 201 Accounts payable $ 13,550 252 Long-term note payable 173,000 301 Stephen Silva, capital 86,750 302 Stephen Silva, withdrawals 91,000 406 Rent revenue 326,800 620 Office salaries expense 51,000 633 Interest expense 5,050 655 Advertising expense 14,400 673 Janitorial expense 40,800 690 Utilities expense 33,900 Totals $600,100 $600, 100 Additional information: a. It was determined that the balance in the Rent Receivable account at March 31 should be $35,600. b. A count of the office supplies showed $1,750 of the balance had been used. c. Annual depreciation on the building is $24,800 and $3,300 on the furniture. d. The two part-time office staff members each get paid $150 per day, for every day they work in the pay period. They are paid on the 1st and 15th of each month. At March 31, each worker had worked 6 days and will be paid on April 1. e. A review of the balance in Advertising Expense showed that $2,300 was for advertisements to appear in the April issue of Canadian Business magazine. f. Accrued utilities at March 31 totalled $2,520. g. March interest of $415 on the long-term note payable is unrecorded and unpaid as of March 31. SILVA RENTALS Work Sheet For Year Ended March 31, 2020 Unadjusted Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet & Statement of Changes in Equity Debit Credit Account Debit Credit Debit Credit Debit Credit Debit Credit Account Number 101 Cash $ $ 6,800 6,800 30,800 110 124 Rent receivable Office supplies Notes receivable, due 2023 Furniture 2,150 45,000 141 161 15,800 214,000 173 Building Land 183 40,000 9,400 191 Patent 201 252 $ 13,550 173,000 301 86,750 302 91,000 406 326.800 620 51,000 633 5,050 655 14,400 673 40,800 690 Accounts payable Long-term note payable Stephen Silva, capital Stephen Silva, withdrawals Rent revenue Office salaries expense Interest expense Advertising expense Janitorial expense Utilities expense Totals Office supplies expense Depreciation expense, furniture Accumulated depreciation, furniture Depreciation expense, building Accumulated depreciation, building Salaries payable Prepaid advertising Interest payable Totals 33,900 $ 600,100 $ 600,100 650 601 162 606 ITTI 174 209 131 203 $ 0 $ 0 $ 0 $ 0 $ 0 0 $ 0 $ 6,800 $ 0 Screenshot Totals $ 0 $ 0 $ 6,800 $ 0
