In addition to those accounts listed on the trial balance, the chart of accounts for Blue Spruce 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. $1,080 of supplies have been used during the month. 2. Utilities expense incurred but not paid or recorded on May 31, 2022, $300. 3. An insurance policy for 2 years was purchased on May 1. 4. $480 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. Blue Spruce Consulting has two employees, who are paid \$740 each for a 5-day work week. 6. The equipment has a 5-year life with no salvage value. It is being depreciated at $232 per month for 60 months. 7. Invoices representing $2,040 of services performed during the month have not been recorded as of May 31 . Prepaid Insurance No. 130 \begin{tabular}{|c|c|c|c|c|c|} \hline Date & Explanation & Ref & Debit & Credit & Balance \\ \hline May 31 & Balance & & & & \\ \hline May 31 & Adjusting & J4 & & & \\ \hline \multicolumn{5}{|l|}{ Equipment } & No. 149 \\ \hline Date & Explanation & Ref & Debit & Credit & Balance \\ \hline May 31 & Balance & & & & \\ \hline \multicolumn{5}{|c|}{ Accumulated Depreciation-Equipment } & No. 150 \\ \hline Date & Explanation & Ref & Debit & Credit & Balance \\ \hline May 31 & Adjusting & 34 & & & \\ \hline \multicolumn{5}{|c|}{ Accounts Payable } & No. 201 \\ \hline Date & Explanation & Ref & Debit & Credit & Balance \\ \hline May 31 & Balance & & & & \\ \hline May 31 & Adjusting & 34 & & & \\ \hline \end{tabular} Unearned Service Revenue No. 209 \begin{tabular}{|c|c|c|c|c|c|} \hline Date & Explanation & Ref & Debit & Credit & Balance \\ \hline May 31 & Balance & & & & \\ \hline May 31 & Adjusting & 34 & & & \\ \hline \multicolumn{5}{|c|}{ Salaries and Wages Payable } & \\ \hline Date & Explanation & Ref & Debit & Credit & Balance \\ \hline May 31 & Adjusting & 34 & & & \\ \hline \multicolumn{5}{|c|}{ Common Stock } & \\ \hline Date & Explanation & Ref & Debit & Credit & Balance \\ \hline May 31 & Balance & & & & \\ \hline \multicolumn{5}{|c|}{ Service Revenue } & \\ \hline Date & Explanation & Ref & Debit & Credit & Balance \\ \hline May 31 & Balance & & & & \\ \hline May 31 & Adjusting & 34 & & & \\ \hline May 31 & Adjusting & 34 & & & \\ \hline \end{tabular} 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.) Accounts Receivable \begin{tabular}{rlcl} Date & Explanation & Ref & Debit \\ May 31 & Balance & & \\ May 31 & Adjusting & 34 & \\ \hline \end{tabular} No. 112 Balance Prepaid Insurance No. 130 \begin{tabular}{|c|c|c|c|c|c|} \hline Date & Explanation & Ref & Debit & Credit & Balance \\ \hline May 31 & Balance & & & & \\ \hline May 31 & Adjusting & J4 & & & \\ \hline \multicolumn{5}{|l|}{ Equipment } & No. 149 \\ \hline Date & Explanation & Ref & Debit & Credit & Balance \\ \hline May 31 & Balance & & & & \\ \hline \multicolumn{5}{|c|}{ Accumulated Depreciation-Equipment } & No. 150 \\ \hline Date & Explanation & Ref & Debit & Credit & Balance \\ \hline May 31 & Adjusting & 34 & & & \\ \hline \multicolumn{5}{|c|}{ Accounts Payable } & No. 201 \\ \hline Date & Explanation & Ref & Debit & Credit & Balance \\ \hline May 31 & Balance & & & & \\ \hline May 31 & Adjusting & 34 & & & \\ \hline \end{tabular} Deanna Nardelli started her own consulting firm, Blue Spruce Consulting, on May 1, 2022. The unadjusted trial balance at May 31 is as follows. Blue Spruce Trial Balance May 31, 2022 \begin{tabular}{|c|c|c|c|} \hline Account Number & & Debit & Credit \\ \hline 101 & Cash & $5,400 & \\ \hline 112 & Accounts Receivable & 7,200 & \\ \hline 126 & Supplies & 2,280 & \\ \hline 130 & Prepaid Insurance & 4,320 & \\ \hline 149 & Equipment & 13,920 & \\ \hline 201 & Accounts Payable & & $2,640 \\ \hline 209 & Unearned Service Revenue & & 2,400 \\ \hline 311 & Common Stock & & 24,240 \\ \hline 400 & Service Revenue & & 9,000 \\ \hline 726 & Salaries and Wages Expense & 4,080 & \\ \hline \multirow[t]{2}{*}{729} & Rent Expense & 1,080 & \\ \hline & & $38,280 & $38,280 \\ \hline \end{tabular} Totals 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 0 for the amounts.) 1. May 31 2. May 31 3. May 31 4. May 31 5. May 31 6. May 31 7. May 31 Utilities Expense No. 736 \begin{tabular}{rlclll|} Date & Explanation & Ref & Debit & Credit & Balance \\ \hline May 31 & Adjusting & j4 & \\ \hline \end{tabular} Blue Spruce Adjusted Trial Balance Debit $ Credit $ Unearned Service Revenue No. 209 \begin{tabular}{|c|c|c|c|c|c|} \hline Date & Explanation & Ref & Debit & Credit & Balance \\ \hline May 31 & Balance & & & & \\ \hline May 31 & Adjusting & 34 & & & \\ \hline \multicolumn{5}{|c|}{ Salaries and Wages Payable } & \\ \hline Date & Explanation & Ref & Debit & Credit & Balance \\ \hline May 31 & Adjusting & 34 & & & \\ \hline \multicolumn{5}{|c|}{ Common Stock } & \\ \hline Date & Explanation & Ref & Debit & Credit & Balance \\ \hline May 31 & Balance & & & & \\ \hline \multicolumn{5}{|c|}{ Service Revenue } & \\ \hline Date & Explanation & Ref & Debit & Credit & Balance \\ \hline May 31 & Balance & & & & \\ \hline May 31 & Adjusting & 34 & & & \\ \hline May 31 & Adjusting & 34 & & & \\ \hline \end{tabular} Supplies Expense No. 631 DateMay31ExplanationAdjustingRef34DebitCredit Depreciation Expense No. 717 \begin{tabular}{|lllll} Date & Explanation & Ref & Debit & Credit \\ \hline May 31 & Adjusting & J4 & \\ \hline \end{tabular} Insurance Expense No. 722 \begin{tabular}{rlcl|} Date & Explanation & Ref & Debit \\ \hline May 31 & Adjusting & j4 & \\ \hline \end{tabular} Salaries and Wages Expense No. 726 DateMay31May31ExplanationBalanceAdjustingRefJDebit Rent Expense No. 729 \begin{tabular}{rlcl} Date & Explanation & Ref & Debit \\ May 31 & Balance & & \\ \hline \end{tabular} Credit Balance