Sadie Cuono started her own consulting firm, Cuono Consulting, on May 1, 2020. The trial balance at May 31 is as follows. Cuono Consulting Trial Balance May 31, 2020 Account Number Debit Credit 101 Cash 4,500 112 Accounts Receivable 5.800 126 Supplies 2.200 130 Prepaid Insurance 4,800 149 Equipment 10.800 201 Accounts Payable 4,500 209 Unearned Service Revenue 2.100 311 Share Capital-Ordinary 18.100 400 Service Revenue 8,000 726 3.300 Salaries and Wages Expense Rent Expense 729 1,300 32.700 32.700 In addition to those accounts listed on the trial balance, the chart of accounts for Cuono 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. 4. 1,100 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. 400 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. Cuono Consulting has two employees who are paid 1.100 each for a 5-day work week. The office furniture has a 5-year life with no residual value. It is being depreciated at 180 per month for 6 months. Invoices representing 1,600 of services performed during the month have not been recorded as of May 31. 5. 6 7. Prepare the adjusting entries for the month of May. (Credit account titles are automatically indented when the amount is entered. Do not indent manually) Prepare the adjusting entries for the month of May. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) No. Date Account Titles and Explanation Debit Credit 2020 1. May 31 May 2 31 3. May 31 May 4. 31 May 5. 31 estion 5 of 12 4 May 31 5. May 31 May 6. 31 May 7 31