Need help with part B please
Deanna Nardelli started her own consulting firm, Bramble Consulting on May 1, 2022. The unadjusted trial balance at May 31 is as follows Bramble Trial Balance May 31, 2022 Debit Credit Account Number 101 Cash $ 4,680 112 6,240 1.976 126 130 3,744 12.000 149 $ 2,288 201 Accounts Receivable Supplies Prepaid Insurance Equipment Accounts Payable Unearned Service Revenue Common Stock Service Revenue Salaries and Wages Expense Rent Expense 209 2,080 20,944 311 400 7,800 726 3536 936 729 $ 33,112 $ 33,112 In addition to those accounts listed on the trial balance, the chart of accounts for Bramble 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 $936 of supplies have been used during the month. Utilities expense incurred but not paid or recorded on May 31, 2022, $ 260. An Insurance policy for 2 years was purchased on May 1 $ 416 of the balance in the uneared service revenue account remains unearned at the end of the month. May 31 is a Wednesday, and employees are paid on Fridays, Bramble Consulting has two employees, who are paid $ 740 each for a 5-day work week The equipment has a 5-year life with no salvage value. It is being depreciated at $ 200 per month for 60 months. Invoices representing $1.768 of services performed during the month have not been recorded as of May 31 5. 6. 7 (a) Your Answer Correct Answer Your answer is partially correct. Prepare the adjusting entries for the month of May. (Credit account titles are automatically Indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account tidles and enter for the amounts) No. Date Account Titles and Explanation Debit Credit 1 May 31 Supplies Expense 936 Supplies 936 2 May 31 Utilities Expense 260 Accounts Payable 260 3 May Insurance Expense 31 156 Prepaid Insurance 156 May Uneared Service Revenge 31 1664 May 1,664 Unearned Service Revenue 31 1664 Service Revenue 222 5. May 31 Salaries and Wages Expense 222 Salaries and Wages Payable 200 5 May 31 Depreciation Expense 200 Accumulated Depreciation Equipment May 31 1.768 7 Accounts Receivable 1768 Service Revenue (b) Your answer is incorrect 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 Ref Debit Credit Balance May 31 Balance May 31 Adjusting 14 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 May 31 Adjusting 34 No. 149 Equipment Date Explanation Ref Debit Debit Credit Balance May 31 Balance Accumulated Depreciation Equipment Date Explanation No. 150 Ref Debit Credit Balance May 31 Adjusting 34 No. 201 Accounts Payable Date Explanation Ref Debit Credit Balance May 31 Balance May 31 Adjusting 14 No. 209 Unearned Service Revenue Date Explanation Ref Debit Credit Balance May 31 Balance May 31 Adjusting 14 No. 212 Salaries and Wages Payable Date Explanation Ref Debit Credit Balance May 31 Adjusting 34 No. 311 Common Stock Date Explanation Ref Debit Credit Balance May 31 Balance No. 400 Service Revenue Date Explanation Ref Debit Credit Credit Balance May 31 Balance May 31 Adjusting 34 May 31 Adjusting 14 No. 631 Supplies Expense Date Explanation Ref Debit Credit Balance May 31 Adjusting 34 No. 717 Depreciation Expense Date Explanation Ref Debit Credit Credit Balance May 31 Adjusting 14 No. 722 Insurance Expense Date Explanation Ref Debit Credit Balance May 31 Adjusting No. 726 Salaries and Wages Expense Date Explanation Ref Debit Credit Balance May 31 Balance 14 May 31 Adjusting Rent Expense Date Explanation No. 729 Ref Debit Credit Balance May 31 Balance No. 736 Utilities Expense Date Explanation Ref Debit Credit Balance May 31 Adjusting 34
