HelenMartinstarted her own consulting firm,MartinConsulting, on May 1, 2020. The trial balance at May 31 is as follows.

MARTINCONSULTING

Trial Balance

May 31, 2020

Account Number Debit Credit

101 Cash $4,500

112 Accounts Receivable. 5,900

126 Supplies 1,800

130 Prepaid Insurance 2,400

149 Equipment 12,600

201 Accounts Payable $4,300

209 Unearned Service Revenue 1,900

301 Owner's Capital 17,600

400 Service Revenue 8,000

726 Salaries and Wages Expense 3,300

729 Rent Expense 1,300

$31,800 $31,800

In addition to those accounts listed on the trial balance, the chart of accounts forMartinConsulting 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:

$800of supplies have been used during the month.

2.Utilities expense incurred but not paid on May 31, 2020, $200.

3.The insurance policy is for 2 years.

4.$200of 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.MartinConsulting has two employees, who are paid $900each for a 5-day work week.

6.The office furniture has a 5-year life with no salvage value. It is being depreciated at $210per month for 60 months.

7.Invoices representing $1,800of services performed during the month have not been recorded as of May 31.

No. Date Account Titles and Explanation Ref. Debit Credit

1.May 31 enter an account title. 631 ? ?

enter a credit amount 126 ? ?

2.May 31. enter an account title 732 ? ?

Enter a credit amount 201 ? ?

3.May 31 722 ? ?

130 ? ?

4.May 31 209 ? ?

enter an account title 400 ? ?

5.May 31 726 ? ?

212 ? ?

6.May 31 717

150

7.May 31 112

400