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Kelly Pitney began her consulting business, Kelly Consulting, on April 1, 2019. The ac- counting cycle for Kelly Consulting for April, including nancial statements, was illustrated in this chapter. During May, Kelly Consulting entered into the following transactions: May 5. Received cash from clients as an advance payment for services to be provided 5. 9. 15. 15. l6. l7. and recorded it as unearned fees, $4,500. Received cash from clients on account, $2,450. Paid cash for a newspaper advertisement, $225. Paid Ofce Station Co. for part of the debt incurred on April 5, $640. Provided services on account for the period May 115, $9,180. Paid part-time receptionist for two weeks' salary including the amount owed on April 30, $750. Received cash from cash clients for fees earned during the period May 1-16, $8,360. Record the following transactions on Page 6 offbejoumal- 20. 21. 25. 27. 28. 30. 51. 51. 51. 31. Purchased supplies on account, $735. Provided services on account for the period May 16-20, $4,820. Received cash from cash clients for fees earned for the period May l7a23, $7,900. Received cash from clients on account, $9,520. Paid part-time receptionist for two weeks' salary, $750. Paid telephone bill for May, $260. Paid electricity bill for May, $810. Received cash from cash clients for fees earned for the period May 26-31, $3,500. Provided services on account for the remainder of May, $2,650. Kelly withdrew $10,500 for personal use. Instructions: Prepare Expanded Accounting Equation (simple and expanded) Prepare a single page journal (indicate if the account increases or decreases) Prepare set of adjustments and transfer (indicate to the side if the account increases or decreases) Prepare journal of closing and transfer (indicate if the account increases or decreases)