3, .-.111Normal Paragraph No Spaci Heading 1 Heading 2 Tit nt Styles Deanna Nardelli started her own consulting firm, Nardelli Consulting, on May 1, 2015. The trial balance at May 31 is as follows. NARDELLI CONSULTING Trial Balance May 31, 2015 Debit Credit 101 112 126 130 149 201 209 301 400 726 729 Cash Accounts Receivable $4,635 6,039 2,102 3,960 10,800 Prepaid Insurance Equipment Accounts Payable Unearned Service Revenue Common Stock Service Revenue Salaries and Wages Expense3,461 Rent Expense $2,129 2,080 19,586 8,467 1,265 $32,262 $32,262 In addition to those accounts listed on the trial balance, the chart of accounts for Nardelli Consulting also contains the following accounts and account numbers: No. 150 Accumuated Depredation- Equipment, No. 212 Salaries and Wages Payable, No. 631 Supplies Expense, No. 717 Depreciation Expense, No. 722 Insurance Expense, and No. 732 Utilities Expense. Other data: $1,074 of supplies have beenused during the month. Utilities expense incurred but not paid on May 31, 2015, $213. (Includes utilities payable under accounts payable.) The insurance policy is for 2 years $420 of the balance in the uneaned service revenue account remains unearned at the end of the month. 1. 2. 3. 4. 5. May 31 is a Wednesday, and employees are paid on Fridays. Nardelli Consulting has two 6. The office furniture has a 5-year life with no salvage value. It is being depreciated at $180 per 7. Invoices representing $1,750 of services performed during the month have not been recorded as employees, who are paid $980 each for a 5-day work week. month for 60 months. of May 31. Post the adjusting entries to the ledger accounts. Enter the totals from the trial balance as beginning account balances. (Post entries in the order of journal entries presented in the previous part.) | F' | ' . .| | | r t Normal 1 No Spaci Heading 1 Heading 2 Font Paragraph Styles No. 101 Date Explanation Ref Debit Credit Balance May 31 Balance Accounts Receivable No. 11 Date Explanation Ref Debit Credit Balance May 31 May 31 Supplies Balance Adjusting J4 No. 126 Date Explanation Ref Debit CreditBalance May 31 May 31 Prepaid Insurance Balance Adjusting 34 No. 130 DateExplanation Ref Debit it Balance May 31 May 31 Equipment Balance Adjusting 14 No. 149 Date Explanation Ref Debit May 31 Balance No. 150 Accumulated Depreciation-Equipment Ref Debit Credit Date Explanation May 31 Accounts Payable Adjusting J4 No. 201 Ref Debit Credit Balance May 31 May 31 Unearned Service Revenue Explanation Balance Adjusting J4 No. 209 Date Explanation Ref Debit Credit Balance May 31 May 31 Salaries and Wages Payable Adjusting 4 No. 21 Ref Debit Credit Balance Date Explanation No. 212 Balance Salaries and Wages Payable Ref Debit Credit Date Explanation May 31 Adjusting Common Stock 04 No. 301 Ref Debit Credit Balance Date Explanation May 31 Balance Service Revenue No. 400 Date Explanation Ref Debit May 31 Balance May 31 Adjusting May 31 Adjusting Supplies Expense Credit Balance J4 14 No. 631 Balance Date ExplanationRef Credit May 31 Adjusting Depreciation Expense 14 tCredit Date Explanation Ref Debit May 31 Adjusting Insurance Expense Balance J4 No. 722 Ref Debit Credit Balance Date Explanation May 31 Adjusting Salaries and Wages Expense 14 No. 726 Balance Date Explanation Ref Debit May 31 Balance May 31 Adjusting Rent Expense Credit 14 No. 729 Balance Date ExplanationRef Debit May 31 Balance Utilities ExpenseReDebit Credit No. 736 Balance Credit Date Explanation May 31Adjusting J4