If anybody can put this into an adjusting entire balance sheet for the month of may, you
Question:
Maria Miller started her own consulting firm, Miller Consulting, on May 1, 2020. The trial balance at May 31 is as follows.
MILLER CONSULTING
Trial Balance
May 31, 2020
Account NumberDebitCredit101 Cash $ 4,700
112 Accounts Receivable $6,100
126 Supplies $1,700
130 Prepaid Insurance $2,400
149 Equipment $12,000
201 Accounts Payable$ 4,800
209 Unearned Service Revenue $2,000
301 Owner's Capital$16,300
400 Service Revenue8,500
726 Salaries and Wages Expense3,300
729 Rent Expense1,400
debit $31,600 credit $31,600
In addition to those accounts listed on the trial balance, the chart of accounts for Miller 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.$700of supplies have been used during the month. 2.Utilities expense incurred but not paid on May 31, 2020, $300. 3.The insurance policy is for 2 years. 4.$300 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. Miller Consulting 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 $200 per month for 60 months. 7.Invoices representing $1,500 of services performed during the month have not been recorded as of May 31.
Prepare the adjusting entries for the month of May. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)
Expert Answer:
