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Deanna Nardelli started her own consulting firm, Nardeli on May 1, 2015. The trial balance at May 31 is as follows. Trial May 31, 2015
Deanna Nardelli started her own consulting firm, Nardeli on May 1, 2015. The trial balance at May 31 is as follows. Trial May 31, 2015 101 112 126 130 149 201 Cash 4,426 Supplies Prepaid Insurance 1,776 4,080 11,580 2,217 1,945 20,369 8,124 Unearned Service Revenue Salaries and Wages Expense Rent Expense 3,307 1,432 $32,655 $32,655 In addition to those accounts listed on the trial balance, the chart of accounts for Nardelli 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. $757 of supplies have been used during the month. utilities expense incurred but not paid on May 31, 2015, $247. (Includes utilities payable under accounts payable.) 4. $396 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 $845 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 $193 per month for 60 months. 7. Invoices representing $1,605 of services performed during the month have not been recorded as of May 31
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