Comprehensive problem 1 and 2

comprehensive problems part 1, 2, and 3

Journalize each of the May transactions using Kelly Consulting's chart of accounts. (Do not insert the account numbers in the Post. Ref, column of the journal at this time.) If an amount box does not require an entry, leave it blank. May 3: Received cash from clients as an advance payment for services to be provided and recorded it as unearned fees, $4,500. May S: Heceived cash from clients on account, $2,450. May 94 Paid cash for a newspaper advertisement, $225. May 13t Paid Ollice Stabon Ca. for part of the debt incurred on Apnil 5, 5640. May 13: Paid Office Station Co, for part of the debt incurred on April 5, $640. May 15: Recorded services provided on account for the period May 1-15, 59,180. May 16+ Paid part-time receptionist for twa weeks' salary including the amount owed on April 30,57 May 17. Recorded cash from cash clients for fees earned during the penod May 116,$8,360. May 17: Recorded cash from cash clients for fees earned during the period May 1-16, \$8,360. May 20: Purchased supplies on account, $735. May 21 . Recorded services provided on account for the period May 16 20, 54,820. May 25t Recorded cash from cash clients for fees eamed for the period May 17-23, $7,900. COMPREHENSIVE PROBLEM 1 The following ledger accounts appear below, in this order: Fees Earned, Salary Expense, Rent Expense, Supplies Expense, Depreciation Expense, Insurance Expense, Miscellaneous Expense The entries in the ledgers will not grade or mark correct or incorrect. LEDGERS - Income Statement accounts May 27: Recerved cash from dients on account, $9,520. May 28: Paid part-time receptionist for two weeks' salary, $750. May 30: Paid telephone bill for May, $260. May 31: Paid electricity ball for May, $810. \begin{tabular}{l} \hline Insurance Expense \\ PostAnIncomeStatementAccountsBalanceSheetAccounts \\ \hline \end{tabular} Comprehensive Problem 1 Part 2 and Part 3: The following is a comprehensive problem which encompasses all of the elements learned in previous chapters. You can refer to the objectives for each chapter covered as a revice of the concepts. Note: You must complete part 1 before completing parts 2 and 3. Part 2: Using the attached spreadsheet, post the journal entries from part 1 to a ledger of four column accounts. Part 34. Prepare an unadjusted trial balance. If an amount box does not require an entry, leave it blank. The following is a comprehensive problem which encompasses all of the elements learned in previous chapters. You can reler to the objectives for each chapter covered as a review of the concepts. Kelly Pitney began her consulting business, Kelly Consulting, on April 1, 20Y8. The chart of accounts for Kelly Consulting is shown below: The post-dosing trial balance as of April 30, 20r8, is ahomn below: May 31: Paid electricity bill for May, $810. May 31: Recorded cash from cash clients for fees earned for the period May 2631,$3,300. May 31: Recorded services provided on account for the remainder of May, $2,650. May 31: Paid dividends, $10,500. May 31: Paid electricity bill for May, $810. May 31: Recorded cash from cash clients for fees earned for the period May 26-31, \$3,300. May 31: Recorded services provided on account for the remainder of May, $2,650. May 31: Paid dividends, $10,500. The post-closing trial balance as of Apni30,20r, is shown below: Kelly Consulting Post-Closing Trial Balance April 30, 20V8 Required