Deanna Nardelli started her own consulting firm, Nardelli Consulting, on May 1, 2014. The trial… 1 answer below »

Deanna Nardelli started her own consulting firm, Nardelli Consulting, on May 1, 2014. The trial balance at May 31 is as follows.
NARDELLI CONSULTING
Trial Balance
May 31, 2014Account NumberDebitCredit101Cash$ 4,463112Accounts Receivable5,838126Supplies2,064130Prepaid Insurance4,176149Equipment11,580201Accounts Payable$ 4,586209Unearned Service Revenue1,947301Owner’s Capital17,812400Service Revenue8,404726Salaries and Wages Expense3,489729Rent Expense1,139$32,749$32,749
In addition to those accounts listed on the trial balance, the chart of accounts for Nardelli Consulting also contains the following accounts and account numbers: No. 150 Accumulated Depreciation—Equipment, 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.$1,036 of supplies have been used during the month.2.Utilities expense incurred but not paid on May 31, 2014, $212.3.The insurance policy is for 2 years.4.$291 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 $1,050 each for a 5-day work week.6.The office furniture has a 5-year life with no salvage value. It is being depreciated at $193 per month for 60 months.7.Invoices representing $1,656 of services performed during the month have not been recorded as of May 31

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