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 6,500 4,000 3,600 1,500 2 12,000 Account Receivable Prepaid insurance Supplies Office Furniture Accounts Payable Unearned Service Revenue Common Stock Service Revenue Salaries Expense 3,500 3,000 19,100 6,000 3,000 Rent Expense 1,000 31,600 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 2 3 4 $500 of supplies has been used during the month Travel costs incurred but not paid are $200, The Insurance policy is for 2 Years. $1,000 of the balance in Unearned Service Revenue account remains Unearned at the end of the month, May 31 is a Wednesday and employees are paid on Friday, Astromech Consulting has two employees that are paid each for a 5-days work week. 6 The office furniture has a 5-year life with no salvage value and is being deprecated 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, 500 5 Required 1. Prepare the adjusting entries for the month of May 2- Prepare an adjusted ledger account it is called the account) 3. Prepare adjusted Trial Balance Instructions: 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 6,500 Account Receivable 4,000 3,600 1.500 12,000 3,500 Prepaid Insurance Supplies Office Furniture Accounts Payable Unearned Service Revenue Common Stock Service Revenue Salories Expense 3,000 19.100 6,000 3,000 1.000 Rent Expense 31.000 311.600 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 May 31 is a Wednesday and employees are paid on Friday, Astromech Consulting has two employees that are paid 3500 cach for a 5 days work week The office furniture has a 5-year life with no salvage value and is being deprecated at $ 200 per month for Go Mantha 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 adjusted ledger account it is called the account) 3. Prepare adjusted Trul Balance