Problem 3-1A Logan Krause started her own consulting firm, Krause Consulting, on May 1, 2017. The trial balance at May 31 is as follows.

KRAUSE CONSULTING Trial Balance May 31, 2017
Account Number	Debit	Credit
101	Cash	$ 4,500
112	Accounts Receivable	6,200
126	Supplies	1,900
130	Prepaid Insurance	2,400
149	Equipment	12,600
201	Accounts Payable	$ 4,600
209	Unearned Service Revenue	1,900
301	Owners Capital	17,700
400	Service Revenue	8,300
726	Salaries and Wages Expense	3,500
729	Rent Expense	1,400
$32,500	$32,500

In addition to those accounts listed on the trial balance, the chart of accounts for Krause Consulting also contains the following accounts and account numbers: No. 150 Accumulated DepreciationEquipment, 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.	$900of supplies have been used during the month.
2.	Utilities expense incurred but not paid on May 31, 2017, $200.
3.	The insurance policy is for 2 years.
4.	$300 of the balance in the unearned service revenue account remains unearned at the end of the month.
5.	May 31 is a Wednesday, and employees are paid on Fridays. Krause Consulting has two employees, who are paid $800each for a 5-day work week.
6.	The office furniture has a 5-year life with no salvage value. It is being depreciated at $210 per month for 60 months.
7.	Invoices representing $1,500 of services performed during the month have not been recorded as of May 31.

Prepare the adjusting entries for the month of May.(Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

No.	Date	Account Titles and Explanation	Ref.	Debit	Credit
1.	May 31		631
	126
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

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.)

Cash	No. 101
Date	Explanation	Ref.	Debit	Credit	Balance
May 31	Balance
Accounts Receivable	No. 112
Date	Explanation	Ref.	Debit	Credit	Balance
May 31	Balance
May 31	Adjusting	J4
Supplies	No. 126
Date	Explanation	Ref.	Debit	Credit	Balance
May 31	Balance
May 31	Adjusting	J4
Prepaid Insurance	No. 130
Date	Explanation	Ref.	Debit	Credit	Balance
May 31	Balance
May 31	Adjusting	J4
Equipment	No. 149
Date	Explanation	Ref.	Debit	Credit	Balance
May 31	Balance
Accumulated DepreciationEquipment	No. 150
Date	Explanation	Ref.	Debit	Credit	Balance
May 31	Adjusting	J4
Accounts Payable	No. 201
Date	Explanation	Ref.	Debit	Credit	Balance
May 31	Balance
May 31	Adjusting	J4
Unearned Service Revenue	No. 209
Date	Explanation	Ref.	Debit	Credit	Balance
May 31	Balance
May 31	Adjusting	J4
Salaries and Wages Payable	No. 212
Date	Explanation	Ref.	Debit	Credit	Balance
May 31	Adjusting	J4
Owners Capital	No. 301
Date	Explanation	Ref.	Debit	Credit	Balance
May 31	Balance
Service Revenue	No. 400
Date	Explanation	Ref.	Debit	Credit	Balance
May 31	Balance
May 31	Adjusting	J4
May 31	Adjusting	J4
Supplies Expense	No. 631
Date	Explanation	Ref.	Debit	Credit	Balance
May 31	Adjusting	J4
Depreciation Expense	No. 717
Date	Explanation	Ref.	Debit	Credit	Balance
May 31	Adjusting	J4
Insurance Expense	No. 722
Date	Explanation	Ref.	Debit	Credit	Balance
May 31	Adjusting	J4
Salaries and Wages Expense	No. 726
Date	Explanation	Ref.	Debit	Credit	Balance
May 31	Balance
May 31	Adjusting	J4
Rent Expense	No. 729
Date	Explanation	Ref.	Debit	Credit	Balance
May 31	Balance
Utilities Expense	No. 736
Date	Explanation	Ref.	Debit	Credit	Balance
May 31	Adjusting	J4

Prepare an adjusted trial balance at May 31, 2017.

KRAUSE CONSULTING Adjusted Trial Balance For the Year Ended May 31, 2017May 31, 2017For the Month Ended May 31, 2017
Debit	Credit
	$	$