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 review 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 $3$: Prepare an unadjusted trial balance. If an amount box does not require an entry, leave it blank.

Kelly Consulting

Unadjusted Trial Balance

May $31,20$Y$8$

Account Title Debit Balances Credit Balances

Cash

fill in the blank $2$

$44,195$

fill in the blank $3$

Accounts Receivable

fill in the blank $5$

$8,080$

fill in the blank $6$

Supplies

fill in the blank $8$

$2,085$

fill in the blank $9$

Prepaid Rent

fill in the blank $11$

$3,200$

fill in the blank $12$

Prepaid Insurance

fill in the blank $14$

$1,500$

fill in the blank $15$

Office Equipment

fill in the blank $17$

$14,500$

fill in the blank $18$

Accumulated Depreciation

fill in the blank $20$

fill in the blank $21$

$330$

Accounts Payable

fill in the blank $23$

fill in the blank $24$

$895$

Salaries Payable

fill in the blank $26$

fill in the blank $27$

$0$

Unearned Fees

fill in the blank $29$

fill in the blank $30$

$7,000$

Common Stock

fill in the blank $32$

fill in the blank $33$

$30,000$

Retained Earnings

fill in the blank $35$

fill in the blank $36$

$12,300$

Dividends

fill in the blank $38$

$10,500$

fill in the blank $39$

Fees Earned

fill in the blank $41$

fill in the blank $42$

$36,210$

Salary Expense

fill in the blank $44$

$1,380$

fill in the blank $45$

Rent Expense

fill in the blank $47$

$1,600$

fill in the blank $48$

Supplies Expense

fill in the blank $50$

$1,370$

fill in the blank $51$

Depreciation Expense

fill in the blank $53$

$330$

fill in the blank $54$

Insurance Expense

fill in the blank $56$

$275$

fill in the blank $57$

Miscellaneous Expense

fill in the blank $59$

$1,295$

fill in the blank $60$

fill in the blank $61$

$86,735$

fill in the blank $62$

$86,735$

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$3.$ Accounts with debit balances should be placed in the Debit column and those with credit balances are placed in the Credit column. When finished, the column totals must be equal.