Problem $4-14$A Completing a work sheet LO$7$

The March $31,2023,$ unadjusted trial balance for Silva Rentals after its first year of operations is shown below:

Silva Rentals

Unadjusted Trial Balance

March $31,2023$

Unadjusted Trial Balance

No$.$ Account Dr$.$ Cr$.$

$101$ Cash $ $6,800$

$110$ Rent receivable $30,800$

$124$ Office supplies $2,150$

$141$ Notes receivable, due $202645,000$

$161$ 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:

It was determined that the balance in the Rent Receivable account at March $31$ should be $$35,600.$

A count of the office supplies showed $$1,750$ of the balance had been used.

Annual depreciation on the building is $$24,800$ and $$3,300$ on the furniture.

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 $1$st and $15$th of each month. At March $31,$ each worker had worked $6$ days and will be paid on April $1.$

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.

Accrued utilities at March $31$ totalled $$2,520.$

March interest of $$415$ on the long$-$term note payable is unrecorded and unpaid as of March $31.$

Required:

$1.-3.$ Use the above information to complete the work sheet.