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 $ $6,300$

$110$ Rent receivable $30,300$

$124$ Office supplies $1,900$

$141$ Notes receivable, due $202642,500$

$161$ Furniture $15,300$

$173$ Building $209,000$

$183$ Land $37,500$

$191$ Patent $8,900$

$201$ Accounts payable $ $13,050$

$252$ Long$-$term note payable $168,000$

$301$ Stephen Silva, capital $78,000$

$302$ Stephen Silva, withdrawals $88,500$

$406$ Rent revenue $321,800$

$620$ Office salaries expense $48,500$

$633$ Interest expense $4,550$

$655$ Advertising expense $13,900$

$673$ Janitorial expense $40,300$

$690$ Utilities expense $33,400$

Totals $ $580,850$ $ $580,850$

Additional information:

It was determined that the balance in the Rent Receivable account at March $31$ should be $$34,600.$

A count of the office supplies showed $$1,550$ of the balance had been used.

Annual depreciation on the building is $$24,300$ and $$2,800$ on the furniture.

The two part$-$time office staff members each get paid $$125$ 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 $$2,050$ was for advertisements to appear in the April issue of Canadian Business magazine.

Accrued utilities at March $31$ totalled $$2,270.$

March interest of $$390$ 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.SILVA RENTALS

Work Sheet

For Year Ended March $31,2023$