NARDELLY CONSULTING Trial Balance May 31, 2017 Account Number Credit Debit $ 4,700 5.900 2,300 4,800 10,200 201 209 Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accounts Payable Unearned Service Revenue Common Stock Service Revenue Salaries and Wages Expense Rent Expense $4400 2,000 18,000 ,400 400 3,500 1,400 $32,800 $32,800 In addition to those accounts listed on the trial balance, the chart of accounts for Nardelli 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. $1,200 of supplies have been used during the month. 2. Utilities expense incurred but not paid on May 31, 2017. $200. 3. The insurance policy is for 2 years 4. $500 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 $1,000 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.) Debit No. Date Account Titles and Explanation 1. May 31 2. May 31 3. May 31 4. May 31 5. May 31 6. May 31 7. 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 antes presented in the previous part) Cash Bate No. 101 Explanation Balance Balance May 31 Accounts Receivable Date Explanation No. 112 Balance Balance May 31 Adjusting Supplies Date No. 126 Explanation Balance May 31 No. 130 May 31 Adjusting Prepaid Insurance Date Explanation May 31 Balance Balance May 31 Acusting Equipment No. 149 Explanation Debit Balance May 31 Balance mated Dead Accounts Payable Date Explanation May 31 Balance Debit No. 201 Credit Balance May 31 Adjusting Unearned Service Revenue Date Explanation May 31 Balance No. 209 Debit Credit Balance No. 212) Ref Debit Credit Balance 34 May 31 Adjusting Salaries and Wages Payable Date Explanation May 31 Adjusting Common Stock Date Explanation May 31 Balance Service Revenue Date Explanation May 31 Balance No. 311 3 Debit Credit Balance