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 18.100 Share Capital - Ordinary Service Revenue 400 8,000 726 Salaries and Wages Expense 3,300 729 Rent Expense 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 60 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 nnt Indont mainte Post the adjusting entries to the ledger accounts. Enter the totals from the trial balance as beginning account balances. (Post entries in the order of journal entries posted in the previous part of the question.) No. 101 Cash Date Explanation Ref. Debit Credit Balance 2020 May 31 Balance No. 112 Accounts Receivable Date Explanation Ref. Debit Credit Balance 2020 May 31 Balance May 31 Adjusting 34 No. 126 Supplies Date Explanation Ref. Debit Credit Balance 2020 May 31 Balance May 31 Adiustina 14 Supplies 121 Date Explanation Ref. Balance Debit Credit 2020 May 31 Balance May 31 Adjusting 34 No. 130 Prepaid Insurance Date Explanation Ref. Debit Credit Balance 2020 May 31 Balance May 31 Adjusting 14 No. 157 Equipment Date Explanation 2020 Ref. Debit Credit Balance May 31 Balance Accumulated Depreciation- Equipment No. 150 No. 157 Equipment Date Explanation 2020 Ref. Debit Credit Balance May 31 Balance No. 150 Accumulated Depreciation- Equipment Date Explanation Ref. Debit Credit Balance 2020 May 31 Adjusting 14 No. 201 Accounts Payable Date Explanation Ref. Debit Credit Balance 2020 May 31 Balance 34 May 31 Adjusting Unearned Service Revenue No. 209 Date Explanation Ref. Debit Credit Balance 2020 Tuna No. 209 Credit Balance Debit Unearned Service Revenue Date Explanation 2020 Ref. May 31 Balance May 31 Adjusting 34 No. 212 Salaries and Wages Payable Date Explanation Balance Ref. Credit Debit 2020 May 31 Adjusting 34 No. 311 Debit Credit Balance Ref. Share Capital-Ordinary Date Explanation 2020 May 31 Balance No. 400 Service Revenue Date Explanation Debit Ref. Credit Balance 2020 Type here to search G P W No. 400 Service Revenue Date Explanation Ref. Debit Credit Balance 2020 May 31 Balance May 31 Adjusting 34 May 31 Adjusting 14 No. 631 Supplies Expense Date Explanation 2020 Ref. Debit Debit Credit Balance 34 May 31 Adjusting Depreciation Expense Date Explanation 2020 No. 717 Ref. Debit Credit Balance May 31 Adjusting 34 Insurance Expense No. 722 No. 722 Insurance Expense Date Explanation 2020 Ref. Debit Debit Credit Balance 34 No. 726 May 31 Adjusting Salaries and Wages Expense Date Explanation 2020 Ref. Debit Credit Balance May 31 Balance 14 No. 729 May 31 Adjusting Rent Expense Date Explanation 2020 Ref. Debit Credit Credit Balance No. 732 May 31 Balance Utilities Expense Date Explanation 2020 Type here to search Ref. Debit Credit Balance o Question 5 of 12 May 31 Adjusting 34 No. 729 Rent Expense Date Explanation 2020 Ref. Debit Credit Balance May 31 Balance No. 732 Utilities Expense Date Explanation Ref. Debit Credit Balance 2020 May 31 Adjusting 14 e Textbook and Media List of Accounts