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The March 31, 2020, unadjusted trial balance for Silva Rentals after its first year of operations is shown below: Dr. Cr. Silva Rentals Unadjusted Trial
The March 31, 2020, unadjusted trial balance for Silva Rentals after its first year of operations is shown below: Dr. Cr. Silva Rentals Unadjusted Trial Balance March 31, 2020 Unadjusted Trial Balance No. Account 101 Cash $ 7,600 110 Rent receivable 31,600 124 Office supplies 2,550 141 Notes receivable, due 2023 49,000 161 Furniture 16,600 173 Building 222,000 183 Land 44,000 191 Patent 10,200 201 Accounts payable $ 14,350 252 Long-term note payable 181,000 301 Stephen Silva, capital 100,750 302 Stephen Silva, withdrawals 95,000 406 Rent revenue 334,800 620 Office salaries expense 55,000 633 Interest expense 5,850 655 Advertising expense 15, 200 673 Janitorial expense 41,600 620 Office salaries expense 633 Interest expense 655 Advertising expense 673 Janitorial expense 690 Utilities expense Totals 55,000 5,850 15,200 41,600 34,700 $630,980 $630,900 Additional information: a. It was determined that the balance in the Reht Receivable account at March 31 should be $37,200. b. A count of the office supplies showed $2,070 of the balance had been used. c. Annual depreciation on the building is $25,600 and $4,100 on the furniture. d. The two part-time office staff members each get paid $190 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 $2.700 was for advertisements to appear in the April issue of Canadian Business magazine. f. Accrued utilities at March 31 totalled $2,920. g. March interest of $455 on the long-term note payable is unrecorded and unpaid as of March 31. The March 31, 2020, unadjusted trial balance for Silva Rentals after its first year of operations is shown below: Dr. Cr. Silva Rentals Unadjusted Trial Balance March 31, 2020 Unadjusted Trial Balance No. Account 101 Cash $ 7,600 110 Rent receivable 31,600 124 Office supplies 2,550 141 Notes receivable, due 2023 49,000 161 Furniture 16,600 173 Building 222,000 183 Land 44,000 191 Patent 10,200 201 Accounts payable $ 14,350 252 Long-term note payable 181,000 301 Stephen Silva, capital 100,750 302 Stephen Silva, withdrawals 95,000 406 Rent revenue 334,800 620 Office salaries expense 55,000 633 Interest expense 5,850 655 Advertising expense 15, 200 673 Janitorial expense 41,600 620 Office salaries expense 633 Interest expense 655 Advertising expense 673 Janitorial expense 690 Utilities expense Totals 55,000 5,850 15,200 41,600 34,700 $630,980 $630,900 Additional information: a. It was determined that the balance in the Reht Receivable account at March 31 should be $37,200. b. A count of the office supplies showed $2,070 of the balance had been used. c. Annual depreciation on the building is $25,600 and $4,100 on the furniture. d. The two part-time office staff members each get paid $190 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 $2.700 was for advertisements to appear in the April issue of Canadian Business magazine. f. Accrued utilities at March 31 totalled $2,920. g. March interest of $455 on the long-term note payable is unrecorded and unpaid as of March 31
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