novarosell
22.09.2021 •
Mathematics
Deanna Nardelli started her own consulting firm, Larkspur Consulting, on May 1, 2022. The unadjusted trial balance at May 31 is as follows.
Larkspur
Trial Balance
May 31, 2022
Account Number - Debit - Credit
101 - Cash - $ 4,230 - 0
112 - Accounts Receivable - 5,640 - 0
126 - Supplies - 1,786 - 0
130 - Prepaid Insurance - 3,384 - 0
149 - Equipment - 10,800 - 0
201 - Accounts Payable - 0 - $ 2,068
209 - Unearned Service Revenue - 0 - 1,880
311 - Common Stock - 0 - 18,884
400 - Service Revenue - 0 - 7,050
726 - Salaries and Wages Expense - 3,196 - 0
729 - Rent Expense - 846 - 0
$ 29,882 $ 29,882
In addition to those accounts listed on the trial balance, the chart of accounts for Larkspur 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. $ 846 of supplies have been used during the month.
2. Utilities expense incurred but not paid or recorded on May 31, 2022, $ 235.
3. An insurance policy for 2 years was purchased on May 1.
4. $ 376 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. Larkspur Consulting has two employees, who are paid $ 740 each for a 5-day work week.
6. The equipment has a 5-year life with no salvage value. It is being depreciated at $ 180 per month for 60 months.
7. Invoices representing $ 1,598 of services performed during the month have not been recorded as of May 31.
Prepare the adjusting entries for the month of May. (Date, Account Titles, Debt, & Credit)
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Ответ:
1. x = 14
2. c = 12
3. d = 4
4. w = 8
5. z = 54
6. d = 20
7. n = 26.4
8. k = 15
Step-by-step explanation: