Karen White started her own consulting firm, White Consulting, on May 1, 2022. The trial balance at May 31 is as follows. WHITE CONSULTING Trial Balance May 31, 2022 Account Number 101 Cash 112 126 130 157 Accounts Receivable Supplies Prepaid Insurance Equipment Accounts Payable Owner's Capital Service Revenue Salaries and Wages Expense Debit Credit $4,700 6,100 1,700 4,200 10,800 $ 4,300 18,400 8,300 3,500 $31,000 $31,000 201 301 400 726 In addition to those accounts listed on the trial balance, the chart of accounts for White Consulting also contains the following accounts and account numbers: No. 158 Accumulated Depreciation-Equipment, No. 212 Salaries and Wages Payable, No. 631 Supplies Expense, No. 711 Depreciation Expense, and No. 722 Insurance Expense. Other data: 1. $900 of supplies have been used during the month. 2. The insurance policy is for 2 years. 3. May 31 is a Wednesday, and employees are paid on Fridays. White Consulting has two employees, who are paid $860 each for a 5-day work week. 4. The office furniture is being depreciated at $180 per month for 60 months. Post the adjusting entries to the ledger accounts. Enter the totals from the trial balance as beginning account balances. (Post entries in the order of journal entries presented in the previous part.) Cash Date No. 101 Balance Explanation Ref. Debit Credit May 31 Balance Accounts Receivable Date Explanation May 31 Balance No. 112 Balance Ref. Debit Credit Supplies Date No. 126 Balance Explanation Ref. Debit Credit May 31 Balance May 31 14 Adjusting Prepaid Insurance Date Explanation No. 130 Balance Ref. Debit Credit May 31 Balance May 31 Adjusting 14 Equipment Date No. 157 Balance Explanation Ref. Debit Credit No. 158 Balance Debit Credit May 31 Balance Accumulated Depreciation Equipment Date Explanation Ref. May 31 Adjusting 14 Accounts Payable Date Explanation Ref. May 31 Balance No. 201 Balance Debit Credit No. 212 Balance Ref. Debit Credit Salaries and Wages Payable Date Explanation May 31 Adjusting Owner's Capital Date Explanation 14 No. 301 Balance Ref. Debit Credit May 31 Balance Service Revenue Date Explanation No. 400 Balance Ref. Debit Credit May 31 Balance Supplies Expense Date Explanation May 31 Adjusting No. 631 Balance Ref. Debit Credit 14 Depreciation Expense Date Explanation May 31 Adjusting No. 711 Balance Ref. Debit Credit 14 Insurance Expense Date Explanation Adjusting No. 722 Balance Ref. Debit Credit May 31 14 Salaries and Wages Expense Date Explanation No. 726 Balance Ref. Debit Credit May 31 Balance May 31 Adjusting 14 WHITE CONSULTING Adjusted Trial Balance Debit Credit Cash $ 4700 $ Accounts Receivable 6100 Supplies 800 Prepaid Insurance 4025 Equipment 10800 Accounts Payable 4500 Owner's Capital 18,400 Service Revenue 8300 Salaries and Wages Expense 4532 Supplies Expense 800 Insurance Expense 175 Salaries and Wages Payable 1032 Depreciation Expense 180 Accumulated Depreciation-Equipment 180 Totals $ $