Marigold started her own consulting firm, Marigold Corp., on May 1, 2020. The trial balance at May 31 is as follows. Marigold Corp. Trial Balance May 31, 2020 Account Number Debit Credit 101 Cash $4,700 112 Accounts Receivable 5,800 Supplies 2,300 Prepaid Insurance 2,400 Equipment 10,200 Accounts Payable $ 4,300 1.900 Unearned Service Revenue Common Stock 15,400 Service Revenue 8,300 Salaries and Wages Expense Rent Expense 3,300 1.200 $29,900 $29,900 In addition tolihose accounts listed on the trial balance, the chart of accounts for Marigold Corp. 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. $1.300 of supplies have been used during the month. 1. $1,300 of supplies have been used during the month. 2. Utilities expense incurred but not paid on May 31, 2020, $300. 3. The insurance policy is for 2 years. 4 $200 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. Nardelli Consulting has two employees, who are paid $1,100 each for a 5-day work week. 6. The equipment has a 5-year life with no salvage value. It is being depreciated at $170 per month for 60 months. 7. Invoices representing $1,800 of services performed during the month have not been recorded as of May 31. Prepare the adjusting entries for the month of May. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) No. Date Account Titles and Explanation Debit Credit 1. May 31 2. May 31 3. May 31 4. 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.) No. 101 Cash Date Explanation Ref Debit Credit Balance May 31 Balance No. 112 Accounts Receivable Date Explanation Debit Credit Balance May 31 Balance May 31 Adjusting Supplies No. 126 Date Explanation Debit Credit Balance May 31 Balance May 31 Adjusting Prepaid Insurance No. 130 Date Explanation Debit Credit Balance May 31 Balance May 31 Adjusting No. 149 Equipment Date May 31 Explanation Ref Debit Credit Balance Balance Equipment No. 149 Date Explanation Ref Debit Credit Balance May 31 Balance Accumulated Depreciation Equipment No. 150 Date Explanation Ref Debit Credit Balance May 31 Adjusting 34 No. 201 Accounts Payable Date Explanation May 31 Balance Debit Credit Balance May 31 Adjusting Unearned Service Revenue No. 209 Date Explanation Debit Credit Balance May 31 Balance May 31 Adjusting Salaries and Wages Payable No. 212 Ref Debit Credit Balance 34 Date Explanation May 31 Adjusting Common Stock Date Explanation May 31 Balance Service Revenue No. 311 Ref Debit Credit Balance No. 400 Prepare an adjusted trial balance at May 31, 2020. Marigold Corp. Adjusted Trial Balance Debit Credit VERTY uole! OF GHk