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CALCULATORPRINTER VERSIONBACK NEXT Debit Account Number 101 112 126 130 149 201 209 301 400 726 729 S 4,700 6,100 1,800 4,800 11,400 Cash Accounts
CALCULATORPRINTER VERSIONBACK NEXT Debit Account Number 101 112 126 130 149 201 209 301 400 726 729 S 4,700 6,100 1,800 4,800 11,400 Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accounts Payable Unearned Service Revenue Owner's Capital Service Revenue Salaries and Wages Expense Rent Expense $ 4,600 2,000 18,800 3,300 1,300 $33,400$33,400 In addition to those accounts listed on the trial balance, the chart of accounts for White Consulting also contains thel tollowing 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 Ultilities Expense. Other data: 1. $800 of supplies have been used during the month. 2. Utilities expense incurred but not paid on May 31, 2020, 5200. 3. The insurance policy is for 2 years. 4. $300 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. White Consulting has two employees, who are paid $800 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 $190 per month for 60 months. 7. Invoices representing $1,500 of services performed during the month have not been recorded as of May 31 Your answer is partially correct. Try again. Post the adjusting entries to the ledger accounts. Enter the totals trom the trial balance as beginning account balances. (Post entries in the order of journal entries presented in the previous part.) Cash No. 101 Date Explanation May 31 Accounts Receivable Ref. Debit Credit Balance Balance 4700 4700 No. 112 Date Explanation May 31 May 31 Adjusting Ref. Debit Credit Balance Balance 6100 6100 J4t aT_ 760 No. 126 Ref. Debit Credit Balance May 31 Balance 1800 May 31 Adjusting 1000 800 No. 130 Date Explanation Ref. Debit Balance May 31 Balance 31 WHITE CONSULTING Adjusted Trial Balance ES May 31, 2020 Debit Credit 4700 Cash Accounts Receivable 7600 Supplies 800 Prepaid insurance 9600 Equipment 1400 Accounts Payable 4800 2300 Unearned Service Revenue 18800 Service Revenue 8300 Salaries and Wages Expense 960 Rent Expense 1300 Problem 3-01A a-c Karen White started her own consulting firm, White Consulting, on May 1, 2020. The trial balance at May 31 is as follows. WHITE CONSULTING Trial Balance May 31, 2020 Account Number Debit $ 4,700 6,100 1,800 4,800 11,400 Cash 101 112 126 130 149 201 209 301 400 726 729 Accounts Receivable Prepaid Insurance Equipment Accounts Payable Unearned Service Revenue Owner's Capital Service Revenue Salaries and Wages Expense Rent Expense $ 4,600 2,000 18,800 8,000 3,300 $33,400 $33,400 In addition to those accounts listed on the trial balance, the chart of accounts for White 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. 2. 3. The insurance policy is for 2 years $800 of supplies have been used during the month. Utilities expense incurred but not paid on May 31, 2020, 5200. 4. $300 of the balance in the uneaned service revenue account remains uneamed at the end of the month. 45300 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. White Consulting has two employees, who are paid $800 each for a 5-day work week. 6. The office furniture has a 5-year lite with no salvage value. It is being depreciated at $190 per month for 60 months 7. Invoices representing $1,500 of services performed during the month have not been recorded as of May 31. Your answer is partially correct. Try again. Prepare the adjusting entries for the month of May. (Credit account titles are automatically indented when the amount is entered. Do not indent manually) Ref. 631 No. Date Account Titles and Explanation Debit 1. May 31 Supplies Expense 1000 Supplies 126 1000 2. May 31 Accounts Payable 732 200 Utilities Expense 200 3. May 31 Insurance Expense 4800 Prepaid Insurance 130 4800 4. May 31 Unearned Service Revenue nuusug I5UU Supplies Expense No. 631 Date Explanation May 31 Depreciation Expense Ref. Debit Credit Balance Adjusting 14 1000 1000 Date Explanation Ref. Debit Credit Balance May 31 Adjusting J4 190 190 Insurance Expense No. 722 Date Explanation Ref. Debit Credit Balance May 31 Adjusting J4 4800 4800 Salaries and Wages Expense No. 726 Date Explanation Ref Debit Credit Balance May 31 Balance 3300 3300 May 31 Adjusting 14 4260 Rent Expense No. 729 Date Explanation May 31 Utilities Expense Ref Debit Credit Balance Balance 1300 1300 No. 732 Date Explanation Ref Debit Credit Balance
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