Kimberly Young started her own consulting firm, Young Consulting, on May 1, 2022. The trial balance at May 31 is as follows. YOUNG CONSULTING Trial Balance May 31, 2022 Account Number Debit Credit 101 Cash $4,500 112 Accounts Receivable 6,200 126 Supplies 1,900 130 Prepaid Insurance 2,400 149 Equipment 12,600 201 Accounts Payable $4,600 209 Unearned Service Revenue 1,900 301 Owner's Capital 17,700 400 Service Revenue 8,300 726 Salaries and Wages Expense 3,500 729 Rent Expense 1,400 $32,500 $32,500 In addition to those accounts listed on the trial balance, the chart of accounts for Young Consulting also contains the following accounts and account numbers: No. 150 Accumulated Depreciation-Equipment, 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. $900 of supplies have been used during the month. 2. Utilities expense incurred but not paid on May 31, 2022, $200. 3. An insurance policy for 2 years was purchased on May 1. 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. Young Consulting has two employees, who are paid $800 each for a 5-day work week. 6. The office furniture has a 5-year life with no salvage value. It is being depreciated at $210 per month for 60 months. 7. Invoices representing $1,500 of services performed during the month have not been recorded as of May 31. 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.) Cash No. 101 Date Explanation Ref. Debit Credit Balance May 31 Balance Accounts Receivable No. 112 Date Explanation Ref. Debit Credit Balance May 31 Balance May 31 Adjusting 34 Supplies No. 126 Date Explanation Ref. Debit Credit Balance May 31 Balance v May 31 Adjusting 34 Prepaid Insurance No. 130 Date Explanation Ref. Debit Credit Balance May 31 Balance V May 31 Adjusting 34 Equipment No. 149 Date Explanation Ref. Debit Credit Balance May 31 Balance v Accumulated Depreciation- Equipment No. 150 Date Explanation Ref. Debit Credit Balance May 31 Adjusting 34 Accounts Payable No. 201 Date Explanation Ref. Debit Credit Balance May 31 Balance May 31 Adjusting 34 Unearned Service Revenue Date Explanation May 31 Balance May 31 Adjusting Salaries and Wages Payable No. 209 Ref. Debit Credit Balance J4 No. 212 Ref. Debit Credit Balance Date Explanation May 31 Adjusting J4 Owner's Capital No. 301 Date Explanation Ref. Debit Credit Balance May 31 Balance Service Revenue No. 400 Date Explanation Ref. Debit Credit Balance May 31 Balance May 31 Adjusting J4 May 31 Adjusting J4 Supplies Expense No. 631 Date Explanation Ref. Debit Credit Balance May 31 Adjusting J4 Depreciation Expense No. 717 Date Explanation Ref. Debit Credit Balance May 31 Adjusting J4 Insurance Expense No. 722 Date Explanation Ref. Debit Credit Balance May 31 Adjusting J4 Salaries and Wages Expense Date Explanation No. 726 Ref. Debit Credit Balance May 31 Balance May 31 Adjusting J4 Rent Expense No. 729 Date Explanation Ref. Debit Credit Balance May 31 Balance Utilities Expense No. 732 Date Explanation Ref. Debit Credit Balance May 31 Adjusting J4