.. Normal Headir A. :v Ev Ev No Spacing P3-1B Problem Lira Lopez started her own consulting firm, Lira Consulting, SA on May 1, 2017. The trial balance at May 31 is as follows. LIRA CONSULTING, SA Trial Balance May 31, 2017 Account Number Debit Credit 101 112 Cash Accounts Receivable Supplies Prepaid Insurance R $ 7.700 4,000 1,500 2,880 12,000 126 130 157 Equipment A 70 201 Accounts Payable Unearned Service Revenue R $ 4,700 2,600 16,000 209 311 400 8.780 Share Capital-Ordinary Service Revenue Salaries and Wages Expense Rent Expense 726 3,000 1.000 729 R 32,080 $ R 32,080 $ In addition to those accounts listed on the trial balance, the chart of accounts for Lira Con-sulting 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, 2017, R$200. In addition to those accounts listed on the trial balance, the chart of accounts for Lira Con-sulting 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: I 1- R$500 of supplies have been used during the month 2- Utilities expense incurred but not paid on May 31, 2017, 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 Tuesday, 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 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$1,100 of services performed during the month have not been recorded as of May 31. Instructions a Journalize the adjusting entries on May 31. ri al balance amounts and post the b. Prepare a ledger using the three-column form of account. Enter the adjusting entries. Use Jl as the posting reference.) c. Prepare an adjusted trial balance on May 31. a d. Prepare an income statement and a retained earnings statement for the month of May and a statement of financial position at May 31