Assignment PRINTER VERSION BACK NET CALCULATOR Maria Miller started her own consulting firm, Miller Consulting, on May 1, 2020. The trial balance at May 31 is as follows. RCES HW MILLER CONSULTING Trial Balance May 31, 2020 Credit tudy Account Number 101 112 126 130 149 Debit $ 4,700 6,100 1,700 2,400 12,000 201 Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accounts Payable Unearned Service Revenue Owner's Capital Service Revenue Salaries and Wages Expense Rent Expense $4,800 209 301 400 2,000 16,300 8,500 726 3,300 729 1,400 $31,600 $31,600 In addition to those accounts listed on the trial balance, the chart of accounts for Miller Consulting also contains the following accounts and account numbers: No. 150 Accumulated Depreciation 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. $700 of supplies have been used during the month. nment CALCULATOR PRINTER VERSION BACK NEXT In addition to those accounts listed on the trial balance, the chart of accounts for M er Consulting also contains the following accounts and account numbers: No. 150 Accumulated Depreciation 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. $700 of supplies have been used during the month 2. Utilities expense incurred but not paid on May 31, 2020, $300. 3. The insurance policy is for 2 years. 4. $300 of the balance in the unearned service revenue account remains uneared at the end of the month. 5. May 31 is a Wednesday, and employees are paid on Fridays. Miller Consulting has two employees, who are paid $900 each for a 5-day work week. 6. The office furniture has a 5-year life with no salvage value. It is being depreciated at $200 per month for 60 months 7. Invoices representing $1,500 of services performed during the month have not been recorded as of May 31 Prepare the adjusting entries for the month of May. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) No. Date Account Titles and Explanation Debit Credit 1. May 31 126 2 May CALCULATOR PRINTER VERSION BACK NI CES HW 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.) No. 101 Balance Ref. Debit Credit Cash Date Explanation May 31 Balance Accounts Receivable Date Explanation itudy No. 112 Ref. Debit Credit Balance May 31 Balance May 31 Adjusting Supplies NO. 126 Date Explanation Ref. Debit Credit Balance May 31 Balance May 31 Adjusting Prepaid Insurance Date Explanation NO. 130 Balan Ref Debit Credit Balance May 31 Adjusting CALCULATOR PRINTER VERSION BA ESOURCES aded HW 2. May 31 3. May 31 by Study 4. May 31 5. May 31 6. May 31 7. May 31 SHOW LIST OF ACCOUNTS CALCULATOR PRINTER V SOURCES nded HW Equipment Date May 31 No. 149 Balance Explanation Ref. Debit Credit Balance No. 150 Accumulated Depreciation Equipment Date Explanation Ref. May 31 Adjusting Debit Credit Balance by Study Accounts Payable Date Explanation May 31 Balance No. 201 Balance Ref. Debit Credit May 31 Adjusting Unearned Service Revenue Date Explanation May 31 Balance No. 209 Balance Ref. Debit Credit No. 212 May 31 Adjusting Salaries and Wages Payable Date Explanation May 31 Adjusting Owner's Capital Ref. Debit Credit Balance No. 301 OURCES ed HW No. 301 Debit Ref. Balance Credit May 31 Adjusting Owner's Capital Date Explanation May 31 Balance Service Revenue Date Explanation May 31 Balance No. 400 Ref. Debit Credit Balance by Study May 31 Adjusting May 31 Adjusting Supplies Expense Date Explanation No. 631 Balance Debit Credit Ref. 14 May 31 Adjusting No. 717 Depreciation Expense Date Explanation Ref. Debit Credit Balance May 31 Adjusting Insurance Expense Date Explanation May 31 Adjusting Ref. Debit Credit Balance
