Silva Rentals

Unadjusted Trial Balance

March 31, 2020

Unadjusted Trial Balance

No.Account Dr. Cr.

101Cash$6,400

110Rent receivable 30,400

124Office supplies 1,950

141Notes receivable, due 2023 43,000

161Furniture 15,400

173Building 210,000

183Land 38,000

191Patent 9,000

201Accounts payable $13,150

252Long-term note payable 169,000

301Stephen Silva, capital 79,750

302Stephen Silva, withdrawals 89,000

406Rent revenue 322,800

620Office salaries expense 49,000

633Interest expense 4,650

655Advertising expense 14,000

673Janitorial expense 40,400

690Utilities expense 33,500

Totals$584,700 $584,700

Additional information:

It was determined that the balance in the Rent Receivable account at March 31 should be $34,800.

A count of the office supplies showed $1,590 of the balance had been used.

Annual depreciation on the building is $24,400 and $2,900 on the furniture.

The two part-time office staff members each get paid $130 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.

A review of the balance in Advertising Expense showed that $2,100 was for advertisements to appear in the April issue of Canadian Business magazine.

Accrued utilities at March 31 totalled $2,320.

March interest of $395 on the long-term note payable is unrecorded and unpaid as of March 31.