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Blossom started her own consulting firm, Blossom Company, on May 1, 2022. The unadjusted trial balance at May 31 is as follows Blossom Company Trial
Blossom started her own consulting firm, Blossom Company, on May 1, 2022. The unadjusted trial balance at May 31 is as follows Blossom Company Trial Balance May 31, 2022 Account Number Debit Credit 101 Cash $5,490 112 Accounts Receivable 7,320 126 Supplies 2.318 130 Prepaid Insurance 4.392 149 Equipment 14.160 201 Accounts Payable $2.684 209 Unearned Service Revenue 2.440 311 Common Stock 24.652 400 Service Revenue 9.150 726 Salaries and Wages Expense 4,148 729 Rent Expense 1,098 $38.926 $38.926 In addition to those accounts listed on the trial balance, the chart of accounts for Blossom Company 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. $1,098 of supplies have been used during the month. 2. Utilities expense incurred but not paid or recorded on May 31, 2022, $305. 3. An insurance policy for 2 years was purchased on May 1. 4. $488 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. Nardelli Consulting has two employees, who are paid $740 each for a 5-day work week. 6. The equipment has a 5-year life with no salvage value. It is being depreciated at $236 per month for 60 months. 7. Invoices representing $2,074 of services performed during the month have not been recorded as of May 31. fal Question 5 of 6 < No. Date Account Titles and Explanation 1. May 31 May 2. 21 May 1 31 May 4 31 S May 31 Debit Credit 13= May 31 May 7. 31
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