In addition to May's regular transactions, these other transactions occured during the month of May and will require adjusting entries on May 31:

On May 1, you prepaid 6 months of insurance for a total of $300. Coverage started immediately.

Incurred cost of wages for month of May equal to $400. Will pay employees first of June.

Remaining supplies on hand were $40. The balance in Supplies was originally $90.

On May 15, a customer paid your lemonade stand $500 upfront for a catering event on May 31. As of May 31, the full amount for the catering event has been provided.

On May 31, you catered an event for a local company. You invoiced the company for $350. They will pay for the services in the following month.

Prepare Adjusted Trial Balance 0.0/2.5 points (graded) Prepare an Adjusted Trial Balance now that adjusting entries have been recorded. Commas will automatically populate for numerical answers. Do not include dollar signs or decimals in your amounts