Trial Balance May 31, 2022 Account Number Debit Credit 101 Cash $4,700 112 Accounts Receivable 6,000 126 Supplies 2,300 130 Prepaid Insurance 4,800 149 Equipment 11,400 201 Accounts Payable $4,500 209 Unearned Service Revenue 2,100 301 Owner's Capital 20,000 400 Service Revenue 7,600 726 Salaries and Wages Expense 3,500 729 Rent Expense 1,500 $34,200 $34,200 In addition to those accounts listed on the trial balance, the chart of accounts for King 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. $1,200 of supplies have been used during the month 2 Utilities expense incurred but not paid on May 31, 2022, $200 3 An insurance policy for 2 years was purchased on May 1. 4. $400 of the balance in the unearned service revenue account remains unearned at the end of the month 5 May 31 is a Wednesday, and employees are paid on Fridays. King Consulting has two employees, who are paid $800 each for a 5-day work week a The office furniture has a 5-year life with no salvage value. It is being depreciated at $190 per month for 60 months 7. Invoices representing $1,800 of services performed during the month have not been recorded as of May 31 Question 4 of 5 < Date Account Titles and Explanation Ref. Debit May 31 Supplies Expense 631 1200 Supplies 126 May Utilities Expense 732 200 31 Accounts Payable 201 May Insurance Expense 31 200 722 Prepaid Insurance 130 May Unearned Service Revenue 209 1700 31 Service Revenue 400 May 31 Salaries and Wages Expense 726 960 Salaries and Wiges Payable 212 May Depreciation Expense 717 6.67/20 Credit 1200 200 200 1700 960 717 190 Salaries and Wages Payable 212 May 31 Depreciation Expense Accumulated Depreciation-Equipment 150 May Accounts Receivable 31 Service Revenue 400 eTexthank and Madin 112 1800 960 190 1800 Cash No. 101 Date Explanation Ref. Debit Credit Balance May 31 Balance v Accounts Receivable No. 112 Date Explanation Ref. Debit Credit Balance May 31 Balance V May 31 Adjusting 34 Supplies No. 126 Date Explanation Ref. Debit Credit Balance May 31 Balance v May 31 Adjusting Prepaid Insurance No. 130 Date Explanation Ref. Debit Credit Balance May 31 Balance May 31 Adjusting Equipment 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 04 Unearned Service Revenue No. 209 Date Explanation Ref. Debit Credit Balance May 31 Balance V May 31 Adjusting 14 Salaries and Wages Payable Date Explanation No. 212 Ref. Debit Credit Balance May 31 Adjusting 34 Owner's Capital No. 301 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 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. 732 Date Explanation Ref. Debit Credit Balance Utilities Expense No. 732 Date Explanation Ref. Debit Credit Balance May 31 Adjusting 34