Practice Problem 01 a-c (Part Level Submission)

Metlock started her own consulting firm, Metlock, Inc., on May 1, 2020. The trial balance at May 31 is as follows.

Metlock, Inc. Trial Balance May 31, 2020
Account Number				Debit		Credit
101		Cash		$ 4,700
112		Accounts Receivable		5,900
126		Supplies		1,800
130		Prepaid Insurance		2,400
149		Equipment		10,200
201		Accounts Payable				$ 4,800
209		Unearned Service Revenue				2,100
311		Common Stock				14,100
400		Service Revenue				8,400
726		Salaries and Wages Expense		3,300
729		Rent Expense		1,100
				$29,400		$29,400

In addition to those accounts listed on the trial balance, the chart of accounts for Metlock, Inc. also contains the following accounts and account numbers: No. 150 Accumulated DepreciationEquipment, 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.		$800 of supplies have been used during the month.
2.		Utilities expense incurred but not paid on May 31, 2020, $300.
3.		The insurance policy is for 2 years.
4.		$500 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. Nardelli Consulting has two employees, who are paid $800 each for a 5-day work week.
6.		The equipment has a 5-year life with no salvage value. It is being depreciated at $170 per month for 60 months.
7.		Invoices representing $1,600 of services performed during the month have not been recorded as of May 31.

Prepare the adjusting entries for the month of May. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)