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Deanna Nardelli started her own consulting firm, Tamarisk Consulting, on May 1, 2022. The unadjusted trial balance at May 31 is as follows. I have
Deanna Nardelli started her own consulting firm, Tamarisk Consulting, on May 1, 2022. The unadjusted trial balance at May 31 is as follows.
Deanna Nardelli started her own consulting firm, Tamarisk Consulting, on May 1, 2022. The unadjusted trial balance at May 31 is as follows Tamarisk Trial Balance May 31, 2022 Account Number Debit Credit 101 Cash $4,860 112 Accounts Receivable 6,480 126 Supplies 2,052 101 Cash $ 4,860 112 Accounts Receivable 6,480 126 Supplies 2,052 130 Prepaid Insurance 3,888 149 Equipment 12.480 201 Accounts Payable $ 2,376 209 Unearned Service Revenue 2,160 311 Common Stock 21,768 400 Service Revenue 8,100 726 Salaries and Wages Expense 3,672 729 Rent Expense 972 $34,404 $34,404 In addition to those accounts listed on the trial balance, the chart of accounts for Tarnarisk 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 4 $972 of supplies have been used during the month. Utilities expense incurred but not paid or recorded on May 31, 2022. $270. An insurance policy for 2 years was purchased on May 1. $432 of the balance in the unearned service revenue account remains unearned at the end of the month. May 31 is a Wednesday, and employees are paid on Fridays. Tamarisk Consulting has two employees, who are paid $740 each for a 5-day work week The equipment has a 5-year life with no salvage value. It is being depreciated at $208 per month for 60 months. Invoices representing $1,836 of services performed during the month have not been recorded as of May 31. 5. 6 7 Prepare the adjusting entries for the month of May. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) No. Date Account Titles and Explanation Debit Credit May 1 31 Supplies Expense 5972 Supplies $972 2 May 31 Utilities Expense $270 Accounts Payable 5270 May 3. Insurance Expense $162 31 Prepaid Insurance 5162 4. May 31 Unearned Service Revenue $1,728 Service Revenue $1.728 May 5. Salaries and Wages Expense $888 31 Salaries and Wages Payable 5888 6. May 31 Depreciation Expense $208 Accumulated Depreciation Equipment $208 7 May 31 Accounts Receivable $1,836 Service Revenue $1.836 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.) No. 101 Cash Date Explanation Ref Debit Credit Balance May 31 Balance 4,860 No. 112 Accounts Receivable Date Explanation Ref Debit Credit Balance May 31 Balance 6,480 May 31 Adjusting J4 1836 8,310 Supplies No. 126 Supplies No. 126 Date Explanation Ref Debit Credit Balance May 31 Balance 2,052 14 972 1.000 May 31 Adjusting Prepaid Insurance Date Explanation No. 130 Ref Debit Credit Balance Balance May 31 3,888 May 31 Adjusting 34 162 3.726 Equipment No. 149 Date Explanation Ref Debit Credit Balance May 31 Balance 12.480 No. 150 Accumulated Depreciation, Equipment Date Explanation Ref Debit Credit Balance May 31 Adjusting 34 208 208 No. 201 Accounts Payable Date Explanation Ref Debit Credit Balance May 31 Balance 2.376 May 31 Adjusting 14 270 2646 Uneamed Service Revenue No. 209 No. 209 Unearned Service Revenue Date Explanation Ref Debit Credit Balance May 31 Balance 2,160 May 31 Adjusting 34 1.728 432 No. 212 Salaries and Wages Payable Date Explanation Ref Debit Credit Balance May 31 Adjusting 34 BBB 888 No. 311 Common Stock Date Explanation Ref Debit Credit Balance May 31 Balance 21.768 No. 400 Service Revenue Date Explanation Ref Debit Credit Balance May 31 Balance 8.100 May 31 Adjusting 34 1,728 9,828 14 1.836 11,664 No. 631 May 31 Adjusting Supplies Expense Date Explanation May 31 Adjusting Ref Debit Credit Balance 34 972 972 No. 717 Depreciation Expense Date Explanation Ref Debit Credit Balance May 31 Adjusting 34 208 208 No. 722 Insurance Expense Date Explanation Ref Debit Credit Balance May 31 Adjusting 34 162 162 No. 726 Salaries and Wages Expense Date Explanation Ref Debit Credit Balance May 31 Balance 3,672 14 888 4,560 May 31 Adjusting Rent Expense Date Explanation No. 729 Ref Debit Credit Balance May 31 Balance 972 Utilities Expense Ma 225 No. 736 Utilities Expense Date Balance Explanation Ref Debit Credit 270 May 31 Adjusting 34 270 Prepare an adjusted trial balance at May 31, 2022 Tamarisk Consulting Adjusted Trial Balance Debit Credit Totals $ I have Part A and Part B i just need Part C.
Part C has 18 rows.
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