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Problem 1 - Worksheet: You work in the accounting department of ABC Rentals. The March 31, 2020, unadjusted trial balance for ABC Rentals after its first year of operations is shown on the supplied worksheet: Additional information: a. It was determined that the balance in the Rent Receivable account at March 31 should be increased to $36,400. b. A count of the office supplies showed $1,910 of the balance had been used. c. Annual depreciation on the building is $25,200 and $3,700 on the furniture. d. The two part-time office staff members each get paid $170 per day, for every day they work in the pay period. They are paid on the 1 st 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 $2,500 was for advertisements to appear in the April issue of Conadian Business magazine. Hint: this amount should be reported as prepaid but is currently included in advertising expense. f. Accrued utilities at March 31 totaled $2,720. Hint: credit accounts payable g. March interest of $435 on the long-term note payable is unrecorded and unpaid as of March 31. Required: Use the above information to complete the work sheet supplied with this assignment

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