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. complete part 1 before completing parts 2 and 3. You 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, 2019 Account Title Debit Previous Next Calculator / // / C eBook Comprehensive Problem eBook Calculator Part 1 Comprehensive Problem 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, 2019. The accounting cycle for Kelly Consulting for April, including financial statements, was illustrated In this chapter. During May, Kelly Consulting entered into the following transactions. The chart of accounts for Kelly Consulting is shown below: 11 Cash 31 Kelly Pitney. Capital 12 Accounts Receivable 32 Kelly Pitney, Drawing 14 Supplies 33 Income Summary 15 Prepaid Rent 41 Fees Earned 16 Prepaid Insurance si Salary Expense 18 Office Equipment 52 Rent Expense 19 Accumulated Depreciation 53 Supplies Expense 21 Accounts Payable 54 Depreciation Expense 22 Salaries Payable 55 Insurance Expense 23 Unearned Fees 59 Miscellaneous Expense The post-closing trial balance as of April 30, 2019 Required: Journalize each of the May transactions using Key Consulting's chart of accounts (Do not insert the account numbers in the Post. Ref. column of the journal at this time.) For a compound transaction, if an amount box does not require an entry, leave it blank 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 four a compound transaction, 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. Description Post. Ref. Debit Credit Cash 4,500 Unearned Fees 4.500 4,500 May 5: Received cash from clients on account, $2,450. Description Post. Ref. Credit Debit 2,450 Cash 2,450 Accounts Receivable Credit May 9: Paid cash for a newspaper advertisement, $225. Description Post. Ref. Miscellaneous Expense pense Cash Debit 225 225 May 13: Paid Office Station Co. for part of the debt incurred on April 5, $640. Description Post. Ref. Debit Credit 640 Accounts Payable