11 View Policies Current Attempt in Progress Lisa Anderson started her own consulting firm, Anderson Consulting, on May 1, 2020. The trial balance at May 31 is as follows. ANDERSON CONSULTING Trial Balance May 31, 2020 Credit Debit $4,600 6,000 1.700 4,800 12,000 Account Number 101 112 126 130 149 201 209 301 400 726 729 Cash Accounts Receivable Supplies Prepaid insurance Equipment Accounts Payable Uncamned Service Revenue Owner's Capital Service Revenue Salaries and Wages Expense Rent Expense $4,500 2.000 19,400 7.700 3,300 1,200 $33.600 $33,600 In addition to those accounts listed on the trial balance, the chart of accounts for Anderson Consulting also contains the following Other data 1. 2 3 4. 5. $600 of supplies have been used during the month. Utilities expense incurred but not paid on May 31, 2020. $300. The insurance policy is for 2 years $300 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. Anderson Consulting has two employees, who are paid $1.100 each for a 5-day work weck The office furniture has a 5-year life with no salvage value. It is being depreciated at $200 per month for 60 months Involos representing $1.700 of services performed during the month have not been recorded as of May 31. 6 7 Ref. Debit Credit No. Date Account Titles and Explanation May 31 631 1. 126 732 2. May 31 201 722 3. May 31 130 209 4 May 31 400 726 5. May 31 212 717 6. May 31 150 May 112