The March 31, 2023, unadjusted trial balance for Silva Rentals after its first year of operations is shown below:

Required
1. Enter the unadjusted trial balance onto a work sheet.
2. Using the following additional information, enter the adjustments into the work sheet (the Chart of Accounts in Appendix IV may be useful when additional accounts are required):
1. It was determined that the balance in the Rent Receivable account at March 31 should be $36,000.
2. A count of the office supplies showed $1,830 of the balance had been used.
3. Annual depreciation on the building is $25,000 and $3,500 on the furniture.
4. The two part-time office staff members each get paid $160 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.
5. A review of the balance in Advertising Expense showed that $2,400 was for advertisements to appear in the April issue of Canadian Business magazine.
6. Accrued utilities at March 31 totalled $2,620.
7. March interest of $425 on the long-term note payable is unrecorded and unpaid as of March 31.
3. Complete the work sheet.

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1234567 Home Insert P18 Silva Rentals Trial Balance.xlsx Formulas Data Review View Page Layout fx A Account Silva Rentals Unadjusted Trial Balance March 31, 2023 No. 101 Cash 8 110 Rent receivable 9 124 Office supplies 10 141 Notes receivable, due 2023 11 161 Furniture 12 173 Building 13 183 Land 14 191 Patent 15 201 Accounts payable 16 252 Long-term note payable 17 301 Stephen Silva, capital 18 302 Stephen Silva, withdrawals 19 406 Rent revenue 20 620 Office salaries expense 21 633 Interest expense 22 655 Advertising expense 23 673 Janitorial expense 24 690 Utilities expense 25 Totals B Unadjusted Trial Balance Dr. 7,000 31,000 2,250 46,000 16,000 216,000 41,000 9,600 92,000 52,000 5,250 14,600 41,000 34,100 $ 607,800 C Cr. $ 13,750 175,000 90,250 328,800 $ 607,800