Comprehensive Problem 1 Kelly Pitney began her consulting business, Kelly Consu ting, on April 1, 2016. The counting cycle for Kelly for including financial statements, in this chapter. During Consulting Consulting entered into the following trans May, Kelly be pru May 3. Received cash from clients as an advance payment for services to and recorded it as unearned fees, $4,500. 8. Net income, $33,425 5. Received cash from clients on account, $2,450. 9. Paid cash for a newspaper advertisement, $225. 13. Paid office Station Co. for part of the debt incurred on April 5, S640. 15. Recorded services provided on account for the period May 1-15, s9,180 16. Paid part-time receptionist for two weeks' salary including the amount owed on April 30, 17. Recorded cash from cash clients for fees earned during the period May 1-16 Record the following transactions on Page 6 ofube fournal 20. Purchased supplies on account, $735. 21. Recorded services provided on account for the period May 16-20, $4,820. 25. Recorded cash from cash clients for fees earned for the period May 17-23, $7900 27. Received cash from clients on account, $9,520. 28, Paid part-time receptionist for two weeks' salary, $750. 30. Paid telephone bill for May, $260. 31. Paid electricity bill for May, $810. 31. Recorded cash from cash clients for fees earned for the period May 26-31,$330. 31. Recorded services provided on account for the remainder of May, s2,650. 31. Kelly withdrew $10,500 for personal use. Instructions The chart of accounts for Kelly Consulting is shown in Exhibit 9, and the trial balance as of April 30, 2016, is shown in Exhibit 17. in the For each account post-closing trial balance, enter the balance in the appropriate Balance column the of a in account. Date balances May 2016, (V) the Posting column. Journalize each of the May a check mark in a tw and place column journal starting on Page 5 of the journal and using Kelly Consulting's chai 2. of accounts. Do not insert the account numbers in the journal at this time. Post the journal to a ledger of four-column accounts. 3. Prepare an unadjusted trial balance. 4. At the end of May, the following adjustment data were assembled. Analyze and these data to complete parts (5) and (60 a. Insurance expired during May is $275. b. Supplies on hand on May 31 are $715. c. Depreciation of office equipment for May is s330. d. Accrued receptionist salary on May 31 is $325. e. Rent expired during May is $1,600. f. Unearned fees on May 31 are $3,210