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 101 Debit Credit Cash 4,700 112 6,100 126 1,900 130 4,800 149 12,600 201 4,800 Accounts Receivable Supplies Prepaid Insurance Equipment Accounts Payable Unearned Service Revenue Share Capital - Ordinary Service Revenue Salaries and Wages Expense Rent Expense 209 1,900 311 20,000 400 7.900 726 3,300 729 1,200 34,600 34,600 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. 4 800 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. 200 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 1,000 each for a 5-day work week The office furniture has a 5-year life with no residual value. It is being depreciated at 210 per month for 60 months. Invoices representing 1,700 of services performed during the month have not been recorded as of May 31. 5. 6. 7. 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 2020 Explanation Ref. Debit Credit Balance 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 Prepaid Insurance No. 130 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 No. 150 Accumulated Depreciation, Equipment Date Explanation 2020 Ref. Debit Credit Balance May 31 Adjusting 14 Accounts Payable No. 201 Accounts Payable Date Explanation No. 201 Ref. Debit Credit Balance 2020 May 31 Balance V May 31 Adjusting 34 No. 209 Unearned Service Revenue Date Explanation Ref. Debit Credit Balance 2020 May 31 Balance May 31 Adjusting 14 No. 212 Salaries and Wages Payable Date Explanation Ref. Debit Credit Balance 2020 May 31 Adjusting 14 Share Capital-Ordinary Date Explanation No. 311 Ref. Debit Credit Balance 2020 May 31 Balance Service Revenue Date Explanation 2020 No. 400 Ref. Debit Credit Balance May 31 Balance May 31 Adjusting 34 14 May 31 Adjusting Supplies Expense Date Explanation No. 631 Ref. Debit Credit Balance 2020 May 31 Adjusting 34 No. 717 Depreciation Expense Date Explanation 2020 Ref. Debit Credit Balance 34 May 31 Adjusting Insurance Expense Date Explanation 2020 No. 722 Ref. Debit Credit Balance May 31 Adjusting 14 No. 726 Salaries and Wages Expense Date Explanation 2020 Ref. Debit Credit Balance May 31 Balance May 31 Adjusting 34 Rent Expense No. 729 No. 729 Questio Accounting Rent Expense Date Explanation 2020 Ref. Debit Credit Balance Question Accounting May 31 Balance Utilities Expense Date Explanation Viewing hecounting No. 732 Ref. Debit Credit Balance Question Accounting 2020 May 31 Adjusting 34 Question Account Prepare an adjusted trial balance at May 31, 2020, CUONO CONSULTING Adjusted Trial Balance Debit Cred