Question

Julie Brown started her own Consulting firm, Astromech Consulting, on May 1, 2004. The trial balance at May 31 is as follows:

ASTROMECH CONSULTING

Trial Balance

May 31, 2004

Account Name	Dr	Cr
Cash Account Receivable Prepaid Insurance Supplies Office Furniture Accounts Payable Unearned Service Revenue Common Stock Service Revenue Salaries Expense Rent Expense	6,500 4,000 3,600 1,500 12,000 3,000 1,000 31,600 =====	3,500 3,000 19,100 6,000 31,600 =====

In addition to those accounts listed on the trial balance, the chart of accounts

For Astromech Consulting also contains the following accounts

Accumulating Depreciation, office Furniture, Travel Payable, Salaries payable

Depreciation Expense, Travel Expense, and Supplies Expense.

Other data:

1 $500 of supplies has been used during the month.

2 Travel costs incurred but not paid are $200.

3 The Insurance policy is for 2 Years.

4 $1,000 of the balance in Unearned Service Revenue account remains Unearned at the end of the month.

5 May 31 is a Wednesday and employees are paid on Friday. Astromech Consulting has two employees that are paid $ 500 each for a 5-days work week.

6 The office furniture has a 5-year life with no salvage value and is being depreciated at $ 200 per month for 60 Months.

7 Invoice representing $ 2,000 of services performed during the month have not been recorded as of may 31.

Required

1- Prepare the adjusting entries for the month of May

2- Prepare an adjusted ledger account (It is called the T account)

3- Prepare adjusted Trial Balance