Margaret Moore started her own consulting firm, Moore Consulting, on May 1, 2020. The trial balance at May 31 is as follows. MOORE CONSULTING Trial Balance May 31, 2020 Debit Account Number 101 Credit 112 126 130 $4,400 5.900 2,300 4,800 12,000 149 201 209 Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accounts Payable Unearned Service Revenue Owner's Capital Service Revenue Salaries and Wages Expense Rent Expense 301 400 726 729 $ 4,300 1,900 19.300 8,400 3,500 1.000 $33,900 $33.900 In addition to those accounts listed on the trial balance, the chart of accounts for Moore 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. 2 3. 4. 5. $1,200 of supplies have been used during the month. Utilities expense incurred but not paid on May 31, 2020, $200. The insurance policy is for 2 years. $300 of the balance in the unearned service revenue account remains unearned at the end of the month. May 31 is a Wednesday, and employees are paid on Fridays. Moore Consulting has two employees, who are paid $1,000 each for a 5-day work week The office furniture has a 5-year life with no salvage value. It is being depreciated at $200 per month for 60 months. Invoices representing $1,600 of services performed during the month have not been recorded as of May 31. 6. 7. Ref. Debit Credit Balance Date Explanation May 31 Balance Accounts Receivable Date Explanation May 31 Balance No. 112 Balance Debit Credit Rel. Adjusting 34 May 31 Supplies Date May 31 No. 126 Raluce Ref. Debit Credit Explanation Balance 4 May 31 Adjusting Prepaid Insurance Date Explanation May 31 Balance No. 130 Balance Rel. Dett Credit 34 No. 149 Balance Rel. Debit Credit No. 150 May 31 Adjusting Equipment Date Explanation May 31 Balance Accumulated Depreciation Equipment Date Explanation May 31 Adjusting Accounts Payable Date Explanation May 31 Balance Debit Credit Balance Ref. 34 No. 201 Balance Ref. Debit Credit Ref. Debat Credit No. 209 Balance 34 Debit Credit No. 212 Balance Ref. 34 Date Ref. Debit No. 301 Balance Credit V Debit Credit No. 400 Balance Ref. May 31 Austing Uneared Service Re Date Explanation May 31 Balance May 31 Adjusting Salaries and Wages Payable Date Explanation Adjusting Owner's Capital Explanation May 31 Balance Service Revenue Date Explanation May 31 Balance May 31 Adjusting May 31 Austing Supplies Expense Date May 31 Austing Depreciation Expense Date Explanation May 31 Austing Insurance Expense Date Explanation May 31 Adjusting Salaries and Wages Expo Date Explanation May 31 Balance Debet No. 631 Balance Credit Rel Rel. Credit Na. 212 Balance 14 Ref. Debt Credit No. 722 Balance Ret Deb Crede No. 726 Balance