Lara Lopez started her inven consulting firm, Lira Consulting, Inc. on May 1, 2014. The trial balano May 31 is as follows

Other data:

1. R$1,600 of Unearned Service Revenue have been earned during the month

2 .The office equipment has a 5-year life with no residual value. It is being depreciated at R$200 per month for 60 months

3. R$1,000 of supplies on hand at the end of the month.

4. Invoices representing R$1.400 of services performed during the month have not been recorded as of May

5. Utilities expense incurred but not paid on May 31, 2014, R$200

6.The insurance policy is for 2 years 7. Salaries of R$600 are accrued at May 31.

Instructions

a. Prepare the adjusting entries for the month of May.

b. Post the adjusting entries to the ledger accounts, Prepare an adjusted trial balance at May 31, 2014.

c Prepare closing entries for the month of May

own consulting firm, Lira Consulting, Inc, on May 1, 2014. The trial balance at May 31 Lira Consulting, Inc. Trial Balance Mav 212014