Patricia Johnson started her own consulting firm, Johnson Consulting on May 1, 2022. The trial balance at May 31 is as follows. JOHNSON CONSULTING Trial Balance May 31, 2022 Account Number Debit Credit 101 Cash $4,600 112 Accounts Receivable 6,000 126 Supplies 2.200 130 Prepaid insurance 2.400 149 Equipment 12,000 201 Accounts Payable $4,500 209 Unearned Service Revenue 2.100 301 Owner's Capital 17.500 400 Service Revenue 726 7,800 ^ 3300 Salaries and Wages Expense Rent Expense 729 1.400 $31.900 $31.900 In addition to those accounts listed on the trial balance, the chart of accounts for Johnson 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 Exenca In addition to those accounts listed on the trial balance, the chart of accounts for Johnson 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. $ 1.200 of supplies have been used during the month. Utilities expense Incurred but not paid on May 31, 2022.$ 300. An insurance policy for 2 years was purchased on May 1 $ 400 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. Johnson Consulting has two employees, who are paid $ 900 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. 5. 6. 7 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) Cash No. 101 Date Explanation Ref. Debit Credit Balance May 31 Balance No. 112 Accounts Receivable Date Explanation Rel Debit Credit Balance May 31 Balance May 31 Adjusting Supplies No. 126 Date Explanation Ref. Debit Credit Balance May 31 Balance V May 31 Adjusting 14 No. 130 Prepaid Insurance Date Explanation Ref. Debit Credit Balance May 31 Balance May 31 Adjusting 34 No. 149 Equipment Date Explanation Ref Debit Credit Balance May 31 Balance No. 149 Equipment Date Explanation Debit Ref. Debit Credit Credit Balance May 31 Balance No. 150 Ref Debit Credit Balance Accumulated Depreciation -Equipment Date Explanation May 31 Adjusting Accounts Payable Date Explanation 14 No. 201 Rel Debit Credit Balance May 31 Balance May 31 Adjusting 14 No. 209 Unearned Service Revenue Date Explanation Ref. Debit Credit Balance May 31 Balance 34 No. 212 Ref. Debit Credit Credit May 31 Adjusting Salaries and Wages Payable Date Explanation May 31 Adjusting Owner's Capital Date Explanation Balance 14 No. 301 Ref. Debit Credit Balance May 31 Balance No. 400 Service Revenue Date Explanation Ref. Debit Credit Balance May 31 Balance May 31 Adjusting 14 May 31 Adjusting 14 No. 631 Supplies Expense Date Explanation Ref. Debit Credit Balance May 31 Adjusting 34 No. 717 Ref. Debit Credit Balance Depreciation Expense Date Explanation May 31 Adjusting Insurance Expense Date Explanation 34 No. 722 Ref. Debit Credit Balance 14 May 31 Adjusting Salaries and Wages Expense Date Explanation No. 726 Ref. Debit Credit Balance May 31 Balance May 31 Adjusting 14 Rent Expense No. 729 Date Explanation Ref. Debit Credit Balance No. 729 Rent Expense Date Explanation Balance Ref. Credit Debit No. 732 May 31 Balance Utilities Expense Date Explanation Balance Ref. Credit Debit 250 Adjusting 34 250 May 31