Problem 3 OTA Margaret Moore started her own consulting firm, Moore Consulting, on May 1, 2020. The trial balance at May 31 is as follows. MOORE CONSULTING Trial Balance May 31, 2020 Credit Account Number 101 Cash Debit $4,400 5,900 126 130 2.300 4.800 12.000 149 201 Accounts Receivable Supplies Prepaid Insurance Equipment Accounts Payable Unearned Service Revenue Owner's Capital Service Revenue Salaries and Wages Expense Rent Expense 209 301 54,300 1.900 19,300 8,400 400 726 3,500 1,000 720 $33,900 $33,900 In addition to those accounts listed on the trial balance, the chart of accounts for Moore 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 33.900 $33.900 In addition to those accounts listed on the trial balance, the chart of accounts for Moore 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 4 $1,200 of supplies have been used during the month Utilities expense incurred but not paid on May 31, 2020, $200 The insurance policy is for 2 years $300 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. Moore Consulting has two employees, who are paid $1,000 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. s 7 Prepare the song entries for the month of May. Cred account mes are romancany indeed when me amount is entered No. Date Account Titles and Explanation Ref. Debit 1 May 31 631 2. May 31 732 201 3. May 31 722 130 4. May 31 209 400 5. May 31 726 212 6. May 31 717 150 7. May 31 112 400 search i s Post the adjusting entries to the ledger accounts. Enter the totals from the trial balance as beginning account bala the previous part.) Cash No. 101 Balance Date Explanation Ref. Debit Credit May 31 Balance Accounts Receivable Date Explanation No. 112 Balance Ref. Debit Credit May 31 Balance May 31 Adjusting 14 Supplies Date No. 126 Balance Explanation Ref. Debit Credit May 31 Balance May 31 Adjusting 14 Prepaid Insurance Date Explanation No. 130 Balance Ref. Debit Credit May 31 Balance May 31 Adjusting 14 Equipment Date No. 149 Balance Explanation Ref. Debit Credit No. 150 Accumulated Depreciation Equipment Date Explanation Ref. Debit Credit Balance May 31 Adjusting J4 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 34 No. 212 Salaries and Wages Payable Date Explanation Ref. Debit Credit Balance May 31 Adjusting J4 No. 301 Owner's Capital Date Explanation Ref. Debit Credit Balance May 31 Balance No. 400 Service Revenue Date Explanation 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 14 No. 717 Depreciation Expense Date Explanation Ref. Debit Credit Balance May 31 Adjusting 14 No. 722 Insurance Expense Date Explanation Ref. Debit Credit Balance May 31 Adjusting 34 No. 726 Salaries and Wages Expense Date Explanation Ref. Debit Credit Balance May 31 Balance V May 31 Adjusting 14 No. 729 Rent Expense Date Explanation Ref. Debit Credit Balance No. 729 Ref. Debit Credit Balance Rent Expense Date Explanation May 31 Balance Utilities Expense Date Explanation May 31 Adjusting No. 732 Balance Ref. Debit Credit 34 SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT LINK TO TEXT Prepare an adjusted trial balance at May 31, 2020. Prepare an adjusted trial balance at May 31, 2020. MOORE CONSULTING Adjusted Trial Balance Debit Credit $ $ $ ai 1 Problem 3 OTA Margaret Moore started her own consulting firm, Moore Consulting, on May 1, 2020. The trial balance at May 31 is as follows. MOORE CONSULTING Trial Balance May 31, 2020 Credit Account Number 101 Cash Debit $4,400 5,900 126 130 2.300 4.800 12.000 149 201 Accounts Receivable Supplies Prepaid Insurance Equipment Accounts Payable Unearned Service Revenue Owner's Capital Service Revenue Salaries and Wages Expense Rent Expense 209 301 54,300 1.900 19,300 8,400 400 726 3,500 1,000 720 $33,900 $33,900 In addition to those accounts listed on the trial balance, the chart of accounts for Moore 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 33.900 $33.900 In addition to those accounts listed on the trial balance, the chart of accounts for Moore 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 4 $1,200 of supplies have been used during the month Utilities expense incurred but not paid on May 31, 2020, $200 The insurance policy is for 2 years $300 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. Moore Consulting has two employees, who are paid $1,000 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. s 7 Prepare the song entries for the month of May. Cred account mes are romancany indeed when me amount is entered No. Date Account Titles and Explanation Ref. Debit 1 May 31 631 2. May 31 732 201 3. May 31 722 130 4. May 31 209 400 5. May 31 726 212 6. May 31 717 150 7. May 31 112 400 search i s Post the adjusting entries to the ledger accounts. Enter the totals from the trial balance as beginning account bala the previous part.) Cash No. 101 Balance Date Explanation Ref. Debit Credit May 31 Balance Accounts Receivable Date Explanation No. 112 Balance Ref. Debit Credit May 31 Balance May 31 Adjusting 14 Supplies Date No. 126 Balance Explanation Ref. Debit Credit May 31 Balance May 31 Adjusting 14 Prepaid Insurance Date Explanation No. 130 Balance Ref. Debit Credit May 31 Balance May 31 Adjusting 14 Equipment Date No. 149 Balance Explanation Ref. Debit Credit No. 150 Accumulated Depreciation Equipment Date Explanation Ref. Debit Credit Balance May 31 Adjusting J4 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 34 No. 212 Salaries and Wages Payable Date Explanation Ref. Debit Credit Balance May 31 Adjusting J4 No. 301 Owner's Capital Date Explanation Ref. Debit Credit Balance May 31 Balance No. 400 Service Revenue Date Explanation 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 14 No. 717 Depreciation Expense Date Explanation Ref. Debit Credit Balance May 31 Adjusting 14 No. 722 Insurance Expense Date Explanation Ref. Debit Credit Balance May 31 Adjusting 34 No. 726 Salaries and Wages Expense Date Explanation Ref. Debit Credit Balance May 31 Balance V May 31 Adjusting 14 No. 729 Rent Expense Date Explanation Ref. Debit Credit Balance No. 729 Ref. Debit Credit Balance Rent Expense Date Explanation May 31 Balance Utilities Expense Date Explanation May 31 Adjusting No. 732 Balance Ref. Debit Credit 34 SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT LINK TO TEXT Prepare an adjusted trial balance at May 31, 2020. Prepare an adjusted trial balance at May 31, 2020. MOORE CONSULTING Adjusted Trial Balance Debit Credit $ $ $ ai 1