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B Sheffield started her own consulting firm, Sheffield Corp., on May 1, 2020. The trial balance at May 31 is as follows. Sheffield Corp. Trial Balance May 31, 2020 Account Number 101 112 126 130 149 201 209 311. 400 726 729 Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accounts Payable Unearned Service Revenue Common Stock Service Revenue Salaries and Wages Expense Rent Expense Debit $4,400 5,800 2,100 2.400 11,400 3,400 1,100 $30,600 Credit $4,400 2,100 16,500 7,600 $30,600 In addition to those accounts listed on the trial balance, the chart of accounts for Sheffield Corp, also contains the following accounts and account numbers: No. 150 Accumulated Depreciacion-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 2 3. 4 5 6 7. $1,100 of supplies have been used during the month, Utilities expense incurred but not paid on May 31, 2020.$200. The insurance policy is for 2 years. $500 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. Nardelli Consulting has two employees who are paid $900 each for a 5-day work week. The equipment has a 5-year life with no salvage value. It is being depreciated at $190 per month for 60 months. Invoices representing $1,500 of services performed during the month have not been recorded as of May 31. Required Prepare the adjusting entries for the month of may. Enter the totals from the trial balance as beginning account balances. Post the adjusting entries to the ledger accounts. Prepare an adjusted trial balance at may 31, 2020.