Deanna Nardelli started her own consulting firm, Sheridan Consulting, on May 1, 2022. The unadjusted trial balance at May 31 is as follows. Sheridan Trial Balance May 31, 2022 Account Number Debit Credit 101 Cash $4,050 112 Accounts Receivable 5,400 126 Supplies 1,710 130 Prepaid Insurance 3,240 149 Equipment 10,320 201 Accounts Payable $1,980 209 Unearned Service Revenue 1,800 311 Common Stock 18,060 400 Service Revenue 6,750 726 Salaries and Wages Expense 3,060 729 Rent Expense 810 $28,590 $28,590 In addition to those accounts listed on the trial balance, the chart of accounts for Sheridan 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: Other data: 1. $810 of supplies have been used during the month. 2. Utilities expense incurred but not paid or recorded on May 31, 2022, $225. 3. An insurance policy for 2 years was purchased on May 1. 4. $360 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. Sheridan 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 $172 per month for 60 months. 7. Invoices representing $1,530 of services performed during the month have not been recorded as of May 31. Enter the totals from the trial balance as beginning account balances. Post the adjusting entries to the ledger accounts. (Post entries in the order of journal entries presented in the previous part.) Cash No. 101 Date Explanation Ref Debit Credit Balance May 31 Balance $4,050 Accounts Receivable Date Explanation Ref Debit No. 112 Credit Balance May 31 Balance 5,400 May 31 Adjusting J4 1,530 Supplies Date Explanation Ref Debit No. 126 Credit Balance May 31 Balance May 31 Adjusting J4 Prepaid Insurance No. 130 Date Explanation Ref Debit Credit Balance May 31 Balance May 31 Adjusting J4 Equipment No. 149 Date Explanation Bef Debit Credit Balance Equipment No. 149 Date Explanation Ref Debit Credit Balance May 31 Balance Accumulated Depreciation- Equipment No. 150 Date Explanation Ref Debit Credit Balance May 31 Adjusting J4 Accounts Payable No. 201 Date Explanation Ref Debit Credit Balance May 31 Balance May 31 Adjusting J4 Unearned Service Revenue Date Explanation May 31 Balance May 31 Adjusting Salaries and Wages Payable Date Explanation May 31 Adjusting No. 209 Ref Debit Credit Balance J4 No. 212 Ref Debit Credit Balance J4 Common Stock No. 311 Date Explanation Ref Debit Credit Balance May 31 Balance Service Revenue No. 400 Date Explanation Ref Debit Credit Balance May 31 Balance May 31 Adjusting J4 May 31 Adjusting J4 Supplies Expense No. 631 Date Explanation Ref Debit Credit Balance May 31 Adjusting J4 Depreciation Expense No. 717 Date Explanation Ref Debit Credit Balance May 31 Adjusting J4 Insurance Expense No. 722 Date Explanation Ref Debit Credit Balance May 31 Adjusting J4 Depreciation Expense No. 717 Date Explanation Ref Debit Credit Balance May 31 Adjusting J4 Insurance Expense No. 722 Date Explanation Ref Debit Credit Balance May 31 Adjusting J4 Salaries and Wages Expense Date Explanation May 31 Balance No. 726 Ref Debit Credit Balance May 31 Adjusting J4 Rent Expense No. 729 Date Explanation Ref Debit Credit Balance May 31 Balance Utilities Expense No. 736 Date Explanation Ref Debit Credit Balance May 31 Adjusting J4