Problem 3-1A (Part Level Submission) Logan Krause started her own consulting firm, Krause C onsulting, on May 1, 2017. The trial balance at May 31 is as follows. l Balance May 31, 2017 101 Accounts Recelvable Supplies Prepaid Insurance Equipment Accounts Payable Unearned Service Revenue Owner's Capita Service Revenue Salaries and Wages Expense Rent Expense 6,100 130 12,600 $ 4,800 1,900 201 7,900 3,300 1,200 729 $34,600 $34,600 In addition to those accounts listed on the trial balance, the chart of accounts for Krause Consulting also contains the following accounts and account numbers: No. 150 Accumulated Other data 1. $800 of supplies have been used during the month 2. Utilities expense incurred but not paid on May 31, 2017, $300 3. The insurance pollcy is for 2 years. 4. $200 of the balance in the unearned service revenue account remains unearned at the end of the mont are paid on Fridays. Krause Consulting has two employees, who are paid $1,000 each for a 5-day work week S. May 31 is a Wednesday, and The office furniture has a 5-year life with no salvage value. IR is being depreciated at $210 per month for 60 months Invoices representing $ 7. 1,700 of services performed during the month have not been recorded as of May 31 6. The office furniture has a 5-yea life with no salvage value. It is being depreciated at $210 per month for 60 months 7. Involces representing $ 1,700 of services performed during the month have not been recorded as of May 31 (a) Prepare the adjusting entries for the month of May. (Credit accoun t titles are automatically indented when the amount is entered. Do not indent manually.) No. Date Account Titles and Explanation 1. May 31 631 126 732 201 2. May 31 3. May 31 130 209 4. May 31 5. May 31 212 6. May 31 150 7. May 31 400 d Windows