Question 5 of 6 - / 10 Barbara Jones started her own consulting firm, Jones Consulting, on May 1, 2020. The trial balance at May 31 is as follows. JONES CONSULTING Trial Balance May 31, 2020 Credit Account Number 101 112 126 Debit $4,700 6,200 1,700 4,800 10,800 130 149 201 209 301 400 726 729 Cash Accounts Recevable Supplies Prepaid Insurance Equipment Accounts Payable Unearned Service Revenue Owner's Capital Service Revenue Salaries and Wages Expense Rent Expense $4,800 1.900 18.500 7.700 3,500 1.200 $32.900 $32.900 In addition to those accounts listed on the trial balance, the chart of accounts for Jones 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. 3. $600 of supplies have been used during the month Utilities expense incurred but not paid on May 31, 2020, $300. The insurance policy is for 2 years. $300 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, Jones Consulting has two employees, who are paid $800 each for a 5-day work week. The office furniture has a 5-year life with no salvage value. It is being depreciated at $180 per month for 6 months Invoices representing $1,800 of services performed during the month have not been recorded as of May 31 S. 6. 7. Question 5 of 6 - / 10 Barbara Jones started her own consulting firm, Jones Consulting, on May 1, 2020. The trial balance at May 31 is as follows. JONES CONSULTING Trial Balance May 31, 2020 Credit Account Number 101 112 126 Debit $4,700 6,200 1,700 4,800 10,800 130 149 201 209 301 400 726 729 Cash Accounts Recevable Supplies Prepaid Insurance Equipment Accounts Payable Unearned Service Revenue Owner's Capital Service Revenue Salaries and Wages Expense Rent Expense $4,800 1.900 18.500 7.700 3,500 1.200 $32.900 $32.900 In addition to those accounts listed on the trial balance, the chart of accounts for Jones 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. 3. $600 of supplies have been used during the month Utilities expense incurred but not paid on May 31, 2020, $300. The insurance policy is for 2 years. $300 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, Jones Consulting has two employees, who are paid $800 each for a 5-day work week. The office furniture has a 5-year life with no salvage value. It is being depreciated at $180 per month for 6 months Invoices representing $1,800 of services performed during the month have not been recorded as of May 31 S. 6. 7