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P3.1A (LO 2, 3, 4) Deanna Nardelli started her own consulting firm, Nardelli Consulting. 2020. The trial balance at May 31 is as follows. post

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P3.1A (LO 2, 3, 4) Deanna Nardelli started her own consulting firm, Nardelli Consulting. 2020. The trial balance at May 31 is as follows. post to on May 1. re an Nardelli Consulting Trial Balance May 31, 2020 Account Number Credit Debit $ 4,500 101 Cash 112 126 130 149 201 Accounts Receivable 6,000 1,900 Supplies Prepaid Insurance Equipment Accounts Payable 3,600 11,400 $ 2,200 209 Unearned Service Revenue 2,000 20,000 Common Stock 311 400 Service Revenue 7,500 Salaries and Wages Expense Rent Expense 3.400 900 726 729 $31,700 $31,700 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. Proble Other data: 1. $900 of supplies have been used during the month. 2. Utilities expense incurred but not 3. The insurance policy is for 2 years 4. $400 of the balance in the uncarned service revenue account remains unearned at the end of the month May 31 is a Wednesday, and employees are paid on Fridays. Nardelli Consulting has two employees who are paid $900 cach for a 5-day work week . The equipment has a 5-year life with no salvage value. It is being depreciated at $190 per month for paid on May 31, 2020, $250. 60 months 7.Invoices representing $1,700 of services performed during the month have not been recorded as of May 31 Instructions a. Prepare the adjusting entries for the month of May. Use J4 as the page number for your journal. b. Enter the totals from the trial balance as beginning account balances and place a check mark in the posting reference column. Post the adjusting entries to the ledger accounts. c. Prepare an adjusted trial balance at May 31, 2020. c Adj. trial bala

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