Splish Brothers started her own consulting firm, Splish Brothers Inc. on May 1, 2022. The unadjusted trial balance at May 31 is as follows. Splish Brothers Inc. Trial Balance May 31, 2022 Account Number Debit Credit 101 Cash $5,580 112 Accounts Receivable 7,440 126 Supplies 2,356 130 Prepaid Insurance 4,464 149 Equipment 14,400 2011 Accounts Payable $2,728 209 Unearned Service Revenue 2,480 3111 Common Stock 25,064 400 Service Revenue 9,300 726 Salaries and Wages Expense 4.216 729 Rent Expense 1.116 $39,572 $39,572 In addition to those accounts listed on the trial balance, the chart of accounts for Splish Brothers 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. $1,116 of supplies have been used during the month. 2. Utilities expense incurred but not paid or recorded on May 31, 2022, $310. 3. An insurance policy for 2 years was purchased on May 1. 4. $496 of the balance in the unearned service revenue account remains unearned at the end of the month. 5. 9 6. 7. 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 $240 per month for 60 months. Invoices representing $2,108 of services performed during the month have not been recorded as of May 31. No. Date Account Titles and Explanation Debit Credit 1. May 31 2. May 31 May 3. 31 A May 5 9 31 May 31 May 31 7. May 31 Enter the totals from the trial balance as beginning account balances. Post the adjusting entries to the ledger accounts. (Post entries in the order of journal entries presented in the previous part) Cash No. 101 Date Explanation Ref Debit Credit Balance May 31 Balance Accounts Receivable No. 112 Date Explanation Ref Debit Credit Balance May 31 Balance May 31 Adjusting 34 Supplies No. 126 Date Explanation Ref Debit Credit Balance May 31 Balance V May 31 Adjusting 34 No. 130 Date Explanation Ref Debit Credit Balance May 31 Balance May 31 Adjusting 34 Equipment No. 149 Date Explanation Ref Debit Credit Balance May 31 Balance Accumulated Depreciation- Equipment No. 150 Date Explanation Ref Debit Credit Balance May 31 Adjusting 34 Accounts Payable No. 201 Date Explanation Ref Debit Credit Balance May 31 Balance May 31 Adjusting 34 Unearned Service Revenue Date Explanation May 31 Balance May 31 Adjusting No. 209 Ref Debit Credit Balance 34 Salaries and Wages Payable Date Explanation No. 212 Ref Debit Credit Balance May 31 Adjusting 34 Common Stock No. 311 Date Explanation Ref Debit Credit Balance May 31 Balance Service Revenue No. 400 Date Explanation Ref Debit Credit Balance May 31 Balance V May 31 Adjusting 34 May 31 Adjusting 34 I Supplies Expense No. 631 Date Explanation Ref Debit Credit Balance May 31 Adjusting 34 Depreciation Expense No. 717 Date Explanation Ref Debit Credit Balance May 31 Adjusting 34 Insurance Expense No. 722 Date Explanation Ref Debit Credit Balance May 31 Adjusting 34 Salaries and Wages Expense No. 726 Date Explanation Ref Debit Credit Balance May 31 Balance V May 31 Adjusting 34 Rent Expense No. 729 Date Explanation Ref Debit Credit Balance May 31 Balance Utilities Expense No. 736 Date Explanation Ref Debit Credit Balance May 31 Adjusting 34 Prepare an adjusted trial balance at May 31, 2022. Splish Brothers Inc. Adjusted Trial Balance Debit Credit $ Totals $ $