Dancin Music's chart of accounts and the balances as of May 1, 2012 (all normal balances), are as follows $5,700 C 1,000 o 350 $ 9,160 1,350 11 cash 12 Accounts Receivable 14 Supplies 15 Prepaid Insurance 17 Office Equipment 21 Accounts Payable 41 Revenues 50 Wages Expense 51 Office Rent Expense 52 E 53 Utilities Expense 54 Music Expense tReqtal Expense 800 1.340 23 Unearned Revenue 31 Capital Stock (All Common) 33 Dividends 10,000 56 Supplies Expense 150 . 1. Enter the May 1, 2012 Accounts balances in the appropriate balance column of a four-column account. Write balance in ttem column, and post a check (V) in the Posting reference Column Hint: Verify the equality of the debit and credit balances in the ledger before proceeding with 2. Analyze and journalize each transaction in a two-column journal, (Do not insert the account Numbers in the journal at this time.) Journal entry explanations may be omitted. 3. Post t he journal to a four-column ledger, extending the account balance to the appropriate Balance column after each posting 4. Prepare an unadjusted trial balance for May 31, 2012. The data needed to determine adjustments for the two-month period ending May 31, 2012, are During May, Dancin Music provided guest disk jockeys for KPRG for a total of 11s a. hours. For information on the amount of the accrued revenue to be billed to KRPG. sec the contract described in May 3, 2012. Supplies on hand at May 31, $160. T b. he balance of the prepaid insurance account relates to the May 1, 2012. c. d. Depreciation of the office equipment is $100. The balance of the revenue account relates to the contract between Dancin Music and e. KPRG, described in the May 3, 2012. . Accrued wages as of May 31, 2012, were $200 g. Enter the unadjusted trial balance on a worksheet. h. Prepare adjusting journal entries. You will need the following additional accounts: 18 Accumulated Depreciation Office Equipment 22 Wages Payable 57 Insurance Expense 58 Depreciation Expense i. j. Post the adjusting entries, inserting balances in the accounts affected. Prepare an adjusted trial balance