Problem 3-1A (Part Level Submission) Windsor started her own consulting firm, Windsor, Inc., on May 1, 2019. The trial balance at May 31 is as follows. Windsor, Inc. Trial Balance May 31, 2019 Credit Account Number Debit $ 4,500 Cash 101 112 Accounts Receivable 6,200 126 Supplies 2,000 130 Prepaid Insurance 2,400 149 Equipment 10,800 Accounts Payable $ 4,500 201 209 Unearned Service Revenue 2,000 311 16,200 Common Stock Service Revenue 400 7,500 Salaries and Wages Expense 3,300 726 729 Rent Expense 1,000 $30,200 $30,200 In addition to those accounts listed on the trial balance, the chart of accounts for Windsor, Inc. 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: $1,000 of supplies have been used during the month. 1. 2. Utilities expense incurred but not paid on May 31, 2019, $300. The insurance policy is for 2 years. 3. $400 of the balance in the unearned service revenue account remains unearned at the end of the month. 4. May 31 is a Wednesday, and employees are paid on Fridays. Nardelli Consulting has two employees, who are paid $1,100 each for a 5-day work week. 5. The equipment has a 5-year life with no salvage value. It is being depreciated at $180 per month for 60 months. 6. Invoices representing $1,800 of services performed during the month have not been recorded as of May 31. 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 Explanation Ref Debit Credit Balance Date Balance May 31 Accounts Receivable No. 112 Date Explanation Ref Debit Credit Balance May 31 Balance Adjusting May 31 J4 No. 126 Supplies Explanation Credit Date Ref Debit Balance Balance May 31 Adjusting May 31 J4 Prepaid Insurance No. 130 Explanation Debit Date Ref Credit Balance May 31 Balance May 31 Adjusting J4 No. 149 Equipment Exnlanation Debit Balance Date Ref Credit No. 149 Equipment Date Explanation Ref Debit Credit Balance May 31 Balance No. 150 Accumulated Depreciation-Equipment Credit Balance Date Explanation Ref Debit May 31 Adjusting J4 Accounts Payable No. 201 Explanation Ref Debit Credit Balance Date May 31 Balance Adjusting May 31 14 Unearned Service Revenue No. 209 Date Explanation Ref Debit Credit Balance May 31 Balance Adjusting May 31 J4 Salaries and Wages Payable No. 212 Explanation Ref Debit Credit Balance Date May 31 Adjusting J4 Common Stock No. 311 Date Explanation Ref Debit Credit Balance No. 311 Common Stock Debit Balance Date Explanation Ref Credit Balance May 31 Service Revenue No. 400 Balance Date Explanation Ref Debit Credit Balance May 31 Adjusting May 31 J4 Adjusting J4 May 31 Supplies Expense No. 631 Credit Date Explanation Ref Debit Balance Adjusting May 31 J4 Depreciation Expense No. 717 Explanation Ref Debit Credit Balance Date Adjusting J4 May 31 Insurance Expense No. 722 Explanation Debit Date Ref Credit Balance Adjusting May 31 J4 Salaries and Wages Expense No. 726 Balance Date Explanation Ref Debit Credit Salaries and Wages Expense No. 726 Ref Balance Date Explanation Debit Credit Balance May 31 Adjusting J4 May 31 Rent Expense No. 729 Date Explanation Ref Debit Credit Balance Balance May 31 Utilities Expense No. 736 Balance Date Explanation Ref Debit Credit Adjusting J4 May 31