Lira Lopez started her own consulting firm, Lira Consulting, Inc. on May 1, 2014. The trial balance at May 31 is as follows.

In addition to those accounts listed on the trial balance, the chart of accounts for Lira Consulting also contains the following accounts and account numbers: No. 158 Accumulated Depreciation€”Equipment, No. 212 Salaries and Wages Payable, No. 631 Supplies Expense, No. 711 Depreciation Expense, No. 722 Insurance Expense, and No. 732 Utilities Expense. Other data:
1. R$500 of supplies have been used during the month.
2. Utilities expense incurred but not paid on May 31, 2014, R$200.
3. The insurance policy is for 2 years.
4. R$1,000 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. Lira Consulting has two employees, who are paid R$500 each for a 5-day work week.
6. The office equipment has a 5-year life with no residual value. It is being depreciated at R$200 per month for 60 months.
7. Invoices representing R$1,400 of services performed during the month have not been recorded as of May 31.

Instructions
(a) Prepare the adjusting entries for the month of May. Use J4 as the page number for your journal.
(b) Post the adjusting entries to the ledger accounts. Enter the totals from the trial balance as beginning account balances and place a check mark in the posting reference column.
(c) Prepare an adjusted trial balance at May 31, 2014.

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Lira Consulting, Inc. Trial Balance May 31, 2014 Account Number Credit Debit R$ 7,700 4,000 1,500 2,400 12,000 Cash 101 Accounts Receivable Supplies Prepaid Insurance Equipment Accounts Payable 112 126 130 157 R$ 4,500 2,600 16,000 8,500 201 209 Unearned Service Revenue Share Capital–Ordinary Service Revenue Salaries and Wages Expense Rent Expense 311 400 726 3,000 1,000 729 R$31,600 R$31,600