Debra King started her own consulting firm, King Consulting, on May 1, 2022. The trial balance at May 31 is as follows. KING CONSULTING Trial Balance May 31, 2022 Account Number Debit Credit 101 Cash $ 4,700 112 Accounts Receivable 6,000 126 Supplies 2,300 130 Prepaid Insurance 4,800 149 Equipment 11,400 201 Accounts Payable $ 4,500 209 Unearned Service Revenue 2,100 301 Owners Capital 20,000 400 Service Revenue 7,600 726 Salaries and Wages Expense 3,500 729 Rent Expense 1,500 $34,200 $34,200 In addition to those accounts listed on the trial balance, the chart of accounts for King Consulting also contains the following accounts and account numbers: No. 150 Accumulated DepreciationEquipment, 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. $1,200 of supplies have been used during the month. 2. Utilities expense incurred but not paid on May 31, 2022, $200. 3. An insurance policy for 2 years was purchased on May 1. 4. $400 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. King 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 $1,800 of services performed during the month have not been recorded as of May 31.