ALTOM CONSULTING Trial Balance May 31, 2017 Account Number 1o1 112 126 130 149 Debit Credit Cash Accounts Receivable Supplies Prepaid Insurance s 7,700 4,000 1,500 4,800 9,600 s 3,500 3,000 19,100 Accounts Payable Unearned Service Revenue Owner's Capital Service Revenue Salaries and Wages Expense Rent Expense 201 400 726 729 3,000 $31,600 $31,600 In addition to those accounts listed on the trial balance, the chart of accounts for Altom Consulting also contains the following accounts and account numbers: No. 150 Accumu- lated Depreciation-Equipment, No. 212 Salaries and Wages Payable, No. 631 Supplies Expense, No. 717 Depreciation Expense, No. 722 Insurance Expense, and No. 736 Utilities Expense. ther data: 500 of supplies have been used during the month. tilities expense incurred but not paid on May 31, 2017, $200. The insurance policy is for 2 years. $1,000 of the balance in the unearned service revenue account remains unearned at the end of the month. $ May 31 is a Wednesday, and employees are paid on Fridays. Altom Consulting has two 6.The equipment has a 5-year life with no salvage value. It is being depreciated at $160 7.)Invoices representing $1,000 of services performed during the month have not beern employees, who are paid $700 each for a 5-day work week. per month for 60 months. 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