Other data: <\/p>\n
1. $900 of supplies have been used during the month. <\/p>\n
2. Utilities expense incurred but not paid on May 31, 2015, $250. <\/p>\n
3. The insurance policy is for 2 years. <\/p>\n
4. $400 of the balance in the unearned service revenue account remains unearned at the end of the month. <\/p>\n
5. May 31 is a Wednesday, and employees are paid on Fridays. Nardelli Consulting has two employees, who are paid $900 each for a 5-day work week. <\/p>\n
6. The equipment has a 5-year life with no salvage value. It is being depreciated at $190 per month for 60 months. <\/p>\n
7. Invoices representing $1,700 of services performed during the month have not been recorded as of May 31. <\/p>\n
Instructions <\/p>\n
a) Prepare the adjusting entries for the month of May. Use J4 as the page number for your journal. <\/p>\n
b) Enter the totals from the trial balance as beginning account balances and place a check mark in the posting reference column. Post the adjusting entries to the ledger accounts. <\/p>\n
c) Prepare an adjusted trial balance at May 31, 2015.<\/p>\n","protected":false},"excerpt":{"rendered":"
Other data: 1. $900 of supplies have been used during the month. 2. Utilities expense incurred but not paid on May 31, 2015, $250. 3. The insurance policy is for 2 years. 4. $400 of the balance in the unearned Read More …<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-170646","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/170646","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=170646"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/170646\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=170646"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=170646"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=170646"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}