Post the adjusting entries to the ledger accounts. Enter the totals from the trial balance as beginning account balances. (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 V May 31 Adjusting 14 No. 126 Supplies Date Explanation Ref. Debit Credit Balance May 31 Balance 14 May 31 Adjusting Prepaid Insurance Date Explanation No. 130 Ref. Debit Credit Balance May 31 Balance V May 31 Adjusting 14 No. 149 Equipment Date Explanation Ref. Debit Credit Balance May 31 Balance No. 150 Accumulated Depreciation Equipment Date Explanation Ref. Debit Credit Balance 14 No. 201 May 31 Adjusting Accounts Payable Date Explanation May 31 Balance Ref. Debit Credit Balance May 31 Adjusting 14 No. 201 Ref. Debit Accounts Payable Date Explanation May Balance 31 Credit Balance May 31 Adjusting 14 Unearned Service Revenue No. 209 Date Explanation Ref. Debit Credit Balance May Balance 31 34 No. 212 May Adjusting 31 Salaries and Wages Payable Date Explanation May Adjusting 31 Rel. Debit Credit Balance 14 No. 301 Ref. Debit Credit Balance Owner's Capital Date Explanation May 31 Balance Service Revenue No. 400 Ref. Debit Credit Balance Date Explanation May Balance 31 May 31 Adjusting 34 May 31 Adjusting 14 Supplies Expense No. 631 Date Explanation Ref. Debit Credit Balance May 31 Adjusting 14 No. 717 Depreciation Expense Date Explanation Ref. Debit Credit Balance May 31 Adjusting 34 Insurance Expense No. 722 Date Explanation Ref. Debit Credit Balance 14 May Adjusting 31 Salaries and Wages Expense Date Explanation No. 726 Ref. Debit Credit Balance May 31 Balance May 31 Adjusting 34 Rent Expense No. 729 Ref. Debit Credit Balance Date Explanation May Balance 31 Utilities Expense No. 732 Ref. Debit Credit Balance Date Explanation May Adjusting 31 14 Lisa Anderson started her own consulting firm, Anderson Consulting, on May 1, 2020. The trial balance at May 31 is as follows. ANDERSON CONSULTING Trial Balance May 31, 2020 Account Number Debit Credit 101 Cash $4.600 112 6,000 126 1,700 130 4.800 149 12,000 201 $4,500 Accounts Receivable Supplies Prepaid Insurance Equipment Accounts Payable Uneared Service Revenue Owner's Capital Service Revenue Salaries and Wages Expense Rent Expense 209 2,000 301 19,400 400 7,700 726 3,300 729 1,200 $33,600 $33,600 In addition to those accounts listed on the trial balance, the chart of accounts for Anderson 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. $600 of supplies have been used during the month Utilities expense incurred but not paid on May 31, 2020.$300. The insurance policy is for 2 years. $300 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. Anderson Consulting has two employees, who are paid $1,100 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 $1,700 of services performed during the month have not been recorded as of May 31. 5. . 6. 7
