Question
The March 31, 2020, unadjusted trial balance for Silva Rentals after its first year of operations is shown below: Silva Rentals Unadjusted Trial Balance March
The March 31, 2020, unadjusted trial balance for Silva Rentals after its first year of operations is shown below:
Silva Rentals
Unadjusted Trial Balance
March 31, 2020Unadjusted Trial BalanceNo.AccountDr.Cr.101Cash$6,700110Rent receivable30,700124Office supplies2,100141Notes receivable, due 202344,500161Furniture15,700173Building213,000183Land39,500191Patent9,300201Accounts payable$13,450252Long-term note payable172,000301Stephen Silva, capital85,000302Stephen Silva, withdrawals90,500406Rent revenue325,800620Office salaries expense50,500633Interest expense4,950655Advertising expense14,300673Janitorial expense40,700690Utilities expense33,800Totals$596,250$596,250
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