Question 11 of 12 -11 View Policies Current Attempt in Progress Monty started her own consulting firm, Monty Corp, on May 1, 2022. The unadjusted trial balance at May 31 is as follows. Monty Corp. Trial Balance May 31, 2022 Account Number 101 Credit 112 Debit $ 5,850 7,800 2.470 4,680 15,120 126 130 149 201 209 311 400 726 729 Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accounts Payable Unearned Service Revenue Common Stock Service Revenue Salaries and Wages Expense Rent Expense $ 2,860 2,600 26,300 9,750 4,420 1,170 $41,510 $41,510 In addition to those accounts listed on the trial balance, the chart of accounts for Monty 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. ties Expense. Other data: 1. 2. 3. 4. 5. $1,170 of supplies have been used during the month. Utilities expense incurred but not paid or recorded on May 31, 2022, $325. An insurance policy for 2 years was purchased on May 1. $520 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. Nardelli Consulting has two employees, who are paid $740 each for a 5-day work week. The equipment has a 5-year life with no salvage value. It is being depreciated at $252 per month for 60 months. Invoices representing $2,210 of services performed during the month have not been recorded as of May 31. 6. 7. Ch 3: Homework Question 11 of 12 -/1 Debit Credit No. Date Account Titles and Explanation May 1 31 2. May 31 3. May 31 4 May 31 5. May 31 6. May 31 7. May 31