Assume that for several years Kelly Pitney has operated a part-time consulting business from her home. As of April 1, 2016, Kelly decided to move to rented quarters and to operate the business on a full-time basis. The business will be known as Kelly Consulting. During April, Kelly Consulting entered into the following transactions:

4/1 The following assets were received from Kelly Pitney: cash $13,100; accounts receivable $3,000; supplies $1,400; and office equipment $12,500. There were no liabilities received.

4/1 Paid three months rent on a lease rental contract, $4,800

4/2 Paid in advance the premiums on property and casualty insurance policies, $1,800

4/4 Received cash from clients as an advance payment for services to be provided $5,000

4/5 Purchased additional office equipment on account from Office Station Co $2,000

4/6 Received cash from clients on account $1,800

4/10 Paid cash for a newspaper advertisement $120

4/12 Paid Office Station Co for part of the debt incurred on April 5, $1,200

4/12 Recorded services provided on account for the period April 1 12, $4,200

4/14 Paid part-time receptionist for two weeks salary, $750

4/17 Recorded cash from cash clients for fees earned during the period April 1 16 $6,250

4/18 Paid cash for supplies $800

4/20 Recorded services provided on account for the period April 13 20 $2,100

4/24 Recorded cash from cash clients for fees earned for the period April 17 24 $3,850

4/26 Received cash from clients on account $5,600

4/27 Paid part-time receptionist for two weeks salary $750

4/29 Paid telephone bill for April $130

4/30 Paid electricity bill for April $200

4/30 Recorded cash from cash clients for fees earned for the period April 25 30 $3,050

4/30 Recorded services provided on account for the remainder of April $1500

4/30 Kelly withdrew $6,000 for personal use

1. Record the transactions in the General Journal

2. Post to the ledger

3. Prepare the Unadjusted trial balance

At month end the following data was analyzed and required adjustment:

Insurance expired during April $300

Supplies on hand on April 30 $1,350

Depreciation of office equipment for April $330

Accrued receptionist salary on April 30 $120

Rent expired during April $1,600

Unearned fees on April 30 $2,500

4. Prepare the Journal entries for the adjustments

5. Post to the adjustments to the ledger

6. Prepare the Adjusted Trial Balance

7. Prepare the financial statement:

Income Statement

Statement of Owners Equity

Classified Balance Sheet

8. Journalize the closing entries

9. Post the closing entries to the ledger

10. Prepare the Post closing trial balance.