Skysong started her own consulting firm, Skysong, Inc., on May 1, 2022. The unadjusted trial balance at May 31 is as follows. Skysong, Inc. Trial Balance May 31, 2022 Credit Cash Debit $ 3,960 5.280 1,672 Account Number 101 112 126 130 149 201 209 311 3,168 10,080 Accounts Receivable Supplies Prepaid Insurance Equipment Accounts Payable Unearned Service Revenue Common Stock Service Revenue Salaries and Wages Expense Rent Expense $ 1,936 1,760 17,648 6,600 400 726 729 2,992 792 $27.944 $27,944 In addition to those accounts listed on the trial balance, the chart of accounts for Skysong, Inc. 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 In addition to those accounts listed on the trial balance, the chart of accounts for Skysong, Inc. 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. $792 of supplies have been used during the month. Utilities expense incurred but not paid or recorded on May 31, 2022, $220. An insurance policy for 2 years was purchased on May 1. $352 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. Nardelli Consulting has two employees, who are paid $740 each for a 5-day work week. The equipment has a 5-year life with no salvage value. It is being depreciated at $168 per month for 60 months. Invoices representing $1,496 of services performed during the month have not been recorded as of May 31. 5. 6. 7. (a) Prepare the adjusting entries for the month of May. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Debit Credit No. Date Account Titles and Explanation May 1. 31 2. May 31 3. May 31 4. May May 31 May 5. 31 6. May May 31 7. May 31