Question & Answer: Problem 3-1A (Part Level Submission) Blossom started her own consulting firm, Blossom Compeny, on May 1, 2019. The trial ba…..

Problem 3-1A (Part Level Submission) Blossom started her own consulting firm, Blossom Compeny, on May 1, 2019. The trial balance at May 31 is as follows. Blossom Company Trial Balance May 31, 2019 Account Number 101 112 126 130 149 201 209 311 400 726 729 Debit Credit Cash Accounts Recelvable Supplies Prepaid Insurance Equipment Accounts Payable Unearned Service Revenue Common Stock Service Revenue Salaries and Wages Expense Rent Expense $ 4,500 5,900 1,900 2,400 12,000 4,700 2,000 16,600 7,900 3,500 1,000 $31,200 $31,200 In addition to those accounts listed on the trial balance, the chart of accounts for Blossom Company 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· $800 of supplies have been used during the month. 2. Utlities expense incurred but not paid on May 31, 2019, $300. 3. The insurance policy is for 2 years. 4, 400 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 $1,000 each for a 5-day work week. 6. The equipment has a S-year life with no salvage value. It is being depreciated at $200 per month for 60 months. 7. Invoices representing $1,500 of services performed during the month have not been recorded as of May 31.