Lula started his own consulting firm, Lula Consulting Inc, on May 1, 2001. The trial balance at May 31 is as follows.

In addition to those accounts listed on the trial balance, the chart of accounts for Lula Consulting also contains the following accounts and account numbers: No. 150 Accumulated Depreciation—Office Furniture. No. 212 Salaries Payable, No. 22 Travel Payable, No. 63l Supplies Expense, No. 717 Depreciation Expense, No. 722 Insurance Expense and No. 736 Travel Expense.

Other data:
1. R$900 of supplies have been used during the month.
2. Travel expense incurred but not paid on May 31.2011, R$250.
3. The insurance policy is for 2 years.
4. R$400 of the balance in the unearned service revenue account remains unearned at the end of the month.
5. May 31 is a Wednesday, and employees are paid on Fridays. Lula Consulting, Inc. has two employees, who are paid R$800 each for a 5-day work week.
6. The office furniture has a 5-year life with no salvage value. Ii is being depreciated at R$170 per month for 60 months.
7. Invoices representing R$1,200 of services performed during the month have not been recorded as of May 31.

Instructions
(a) Prepare the adjusting entries for the month of May. Use J4 as the page number for your journal.
(b) Post the adjusting entries to the ledger accounts. Enter the totals from the trial balance as beginning account balances and place a check mark in the posting reference column.
(c) Prepare an adjusted trial balance at May31.2011.

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LULA CONSULTING, INC Trial Balance May 31, 2011 Account Number 101 112 126 130 149 201 209 311 400 726 729 Debit Credit RS 5.700 6,000 1.900 3.600 0.200 as Accounts Receivable Supplies Prepaid Insurance Office Furniture Accounts Pavable Unearned Service Revenue Share Capital-Ordinary Service Revenue Salaries Expense Rent Expense R$ 4.500 2.000 17.700 7.500 3.400 R$31.700 RS31.700