Question
The March 31, 2023, unadjusted trial balance for Silva Rentals after its first year of operations is shown below: Si va Rental s Unachusted rial
The March 31, 2023, unadjusted trial balance for Silva Rentals after its first year of operations is shown below:
Si va Rental s
Unachusted rial balance
March 31, 2023
No.
Account
101 Cash
110 Rent receivable
124 Office supplies
141 Notes receivable, due 2026
161 Furniture
173 Building
183 Land
191 Patent
201 Accounts payable
252 Long-term note payable
- Stephen Silva, capital
- Stephen Silva, withdrawals
406 rent revenue
620 Office salaries expense
633 Interest expense
655 Advertising expense
673 anitoria expense
690 Utilities expense Totals
Unadjusted Trial
Balance
Dr.
Cn
$ 7,700
31,700
2,600
49,500
16, 700
223,000
44,500
10,300
$ 14,450
182,000
102,500
95,500
335,800
55,500
5,950
15,300
41,700
34,800
$634, 750
$634, 750
Additional information:
- It was determined that the balance in the Rent Receivable account at March 31 should be $37,400.
- A count of the office supplies showed $2,110 of the balance had been used.
- Annual depreciation on the building is $25,700 and $4,200 on the furniture.
- The two part-time office staff members each get paid $195 per day, for every day they work in the pay period.
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