v education.wiley.com C + Course Hero W NWP Assessment Player UI Application w Mid-Term Exam #1 Home - University of La Verne Mid-Term Exam #1 01 : 25 : 09 Question 2 of 5 > - 168 ... Swifty started her own consulting firm, Swifty Corporation, on May 1, 2022. The unadjusted trial balance at May 31 is as follows. Swifty Corporation Trial Balance May 31, 2022 Account Number Debit Credit 101 Cash $ 3,690 112 Accounts Receivable 4,920 126 Supplies 1,558 130 Prepaid Insurance 2,952 149 Equipment 9,360 201 Accounts Payable $ 1,804 209 Unearned Service Revenue 1,640 311 Common Stock 16,412 400 Service Revenue 6,150 726 Salaries and Wages Expense 2,788 729 Rent Expense 738 $26,006 $26,006o E B education.wiley.com w NWP Assessment Player Ul Application : Term E:-:am Hi . Home , Ul'll'v Mid-Term Exam #1 G 01 :25200 Question 2 of5 _ / 6 E In addition to those accounts listed on the trial balance, the chart of accounts for Swifty Corporation 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. $738 of supplies have been used during the month, 2. Utilities expense incurred but not paid or recorded on May 31, 2022, $205. 3. An insurance policy for 2 years was purchased on May 1. 4. $328 of the balance in the unearned service revenue account remains unearned at the end ofthe month. 5. May 31 is a Wednesday, and employees are paid on Fridays, Nardelli Consulting has two employees, who are paid $740 each for a 5-day work week. 6. The equipment has a 5year life with no salvage value. It is being depreciated at $156 per month for 60 months. 7. Invoices representing $1,394 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 account titles are automatically indented when the amount is entered. Do not indent manually.) G No. Date Account Titles and Explanation Debit Credit o E B education.wiley.com w NWP Assessment Player Ul Application 7' Term E:-:am Hi . Home , Uni": La Verne Mid-Term Exam #1 G 01 :24253 Question 2 of5 _ / 6 E (a) Prepare the adjusting entries for the month of May. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) No. Date Account Titles and Explanation Debit Credit 1' :11\" 3' :11\" 4. 5'13" o E B education.wiley.com W NWP Assessment Player Ul Application '1 Term E-am m 6 Mid-Term Exam #1 G 01 :24:45 Question 2 of5 _ / 6 E 5 May 6' 31 May 7. 31 Save for Later Attempts: 0 of 1 used Submit Answer (b) The parts of this question must be completed in order. This part will be available when you complete the part above. (C) The parts of this question must be completed in order, This part will be available when you complete the part above