Comprehensive Problem 1 Part 1: 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 review of the concepts. Kelly Pitney began her consulting business, Kelly Consulting, on April 1, 2018. The chart of accounts for Kelly Consulting is shown below: 11 Cash 32 Retained Earnings 33 Dividend 41 Fees Earned 51 Salary Expense 16 Prepaid Insurance52 Rent Expense 15 Office Equipment53 Supplies Expense 19 Accumulated Depreciation 54 Depreciation Expense 21 Accounts Payable 55 Insurance Expense 599 Miscellaneous Ex 31 Common Stock The post-closing trial balance as of April 30, 2018, is shown below: Kelly Consulting Post-Closing Trial Balance April 30, 2018 Account No. Debit Credit Cash 22,100 Accounts Receivable 12 3,400 Supplies 14 1.350 Prepaid Rent 3,200 Prepaid Insurance 16 1,500 Office Equipment 14,500 Accumulated Depreciation 19 330 21 BOO 22 120 Unearned Fees 23 2,500 Common Stock H 30,000 32 12,300 46,050 46,050 Required: 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. Chuck My Work Next