Problem 3-1A Pina Colada started her own consulting firm, Pina Colada Corp., on May 1, 2019. The trial balance at May 31 is as follows. Pina Colada Corp. Trial Balance May 31, 2019 Credit Account Number 101 112 126 130 Debit $ 4,600 5,900 2,200 2,400 10,200 Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accounts Payable Unearned Service Revenue Common Stock Service Revenue Salaries and Wages Expense Rent Expense $ 4,600 2,000 15,800 7,500 400 726 729 3,400 1,200 $29,900 $29.900 In addition to those accounts listed on the trial balance, the chart of accounts for Pina Colada Corp. 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. $1,100 of supplies have been used during the month. 2. Utilities expense incurred but not paid on May 31, 2019, $200. 3. The insurance policy is for 2 years. $400 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. Nardelli Consulting has two employees, who are paid $1,000 each for a 5-day work week. 6. The equipment has a 5-year life with no salvage value. It is being depreciated at $170 per month for 60 months. Invoices representing $1,700 of services performed during the month have not been recorded as of May 31. 7 Inu Prepare the adjusting entries for the month of May. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Debit Credit No. Date Account Titles and Explanation 1. May 31 Supplies Expense Supplies 2. May 31 utilities Expense Accounts Payable 3. May 31 Insurance Expense 1200 Prepaid Insurance 1200 2 4. May 31 Unearned Service Revenue HTHTHTHTHTHTECH Service Revenue 1600 5. May 31 Salaries and Wages Expense 2000 Salaries and Wages Payable 2000 6. May 31 Depreciation Expense 2040 Accumulated Depreciation Equipment 2040 7. May 31 Accounts Receivable Service Revenue Prepare an adjusted trial balance at May 31, 2019 Pina Colada Corp. Adjusted Trial Balance 300000DIDIIDIDIIII) Totals Cash Date No. 101 Balance Ref Debit Credit Explanation Balance Accounts Receivable Date Explanation May 31 Balance No. 112 Balance Ref Debit Credit Adjusting May 31 Supplies Date May 31 Explanation Ref Debit Credit Balance Balance May 31 Adjusting Prepaid Insurance Date Explanation May 31 Balance No. 130 Balance Ref Debit Credit May 31 Adjusting No. 149 Credit Balance Equipment Date Explanation Ref Debit May 31 Balance Accumulated Depreciation Equipment Date Explanation Ref Debit May 31 Adjusting Accounts Payable Date Explanation Ref Debit No. 150 Balance Credit 2010 AAAAAAAA 34 No. 201 Balance Credit May 31 Balance May 31 Adjusting Unearned Service Revenue Date Explanation Ref Debit Credit No. 209 Balance May 31 Balance Ref Debit Credit No. 212 Balance May 31 Adjusting Salaries and Wages Payable Date Explanation May 31 Adjusting Common Stock Date Explanation No. 311 Balance Ref Debit Credit May 31 Balance No. 400 Ref Debit Credit Balance Service Revenue Date Explanation May 31 Balance ray a DICILE No. 400 Balance Ref Debit Service Revenue Date Explanation May 31 Balance Credit May 31 Adjusting No. 631 Balance Ref Debit Credit No. 717 Ref Debit Credit Balance May 31 Adjusting Supplies Expense Date Explanation May 31 Adjusting Depreciation Expense Date Explanation May 31 Adjusting Insurance Expense Date Explanation May 31 Adjusting Salaries and Wages Expense Date Explanation May 31 Balance No, 722 Ref Debit Credit Balance No. 726 Balance Ref Debit Credit No. 729 Ref Debit Credit Balance May 31 Adjusting Rent Expense Date Explanation May 31 Balance Utilities Expense Date Explanation May 31 Adjusting No. 736 Ref Debit Credit Balance