Comprehensive Problem 1, Part 2 Chart of Accounts Labels and Amount Descriptions Journal Ledger 0 HI Instructions Kelly Pitney began her consulting business, Kelly Consulting, on April 1, 2018 The accounting cycle for Kely Consulting for April, including financial statements, was illustrated in this chapter During May, Kelly Consulting entered into transactions, In Part 1 of this problem, the accounting cycle was completed up through the preparation of the adjusted trial balance Required: 8 If you completed the end-of-period work sheet in Part 1, use the adjusted trial balance figures to prepare an income statement, a retained earnings statement and a balance sheet if you didnt complete the end-of-period work sheet in Part 1, use the ledger (the Excel spreadsheet) 10 prepare an income statement, a retained earnings statement and a balance sheet. Be sure to read the instructions for each financial statement carefully 9. A Prepare the closing entries on Page 6 of the journal. Refer to the Chart of Accounts for exact wording of accounts 9.B. Use the spreadsheet to post the closing entries to the ledger of four-column accounts Add the appropriate posting reference to the journal in CengageNow Comprehensive Problem 1, Part 2 Chart of Accounts Labels and Amount Descriptions Journal Ledger 0 HI Instructions Kelly Pitney began her consulting business, Kelly Consulting, on April 1, 2018 The accounting cycle for Kely Consulting for April, including financial statements, was illustrated in this chapter During May, Kelly Consulting entered into transactions, In Part 1 of this problem, the accounting cycle was completed up through the preparation of the adjusted trial balance Required: 8 If you completed the end-of-period work sheet in Part 1, use the adjusted trial balance figures to prepare an income statement, a retained earnings statement and a balance sheet if you didnt complete the end-of-period work sheet in Part 1, use the ledger (the Excel spreadsheet) 10 prepare an income statement, a retained earnings statement and a balance sheet. Be sure to read the instructions for each financial statement carefully 9. A Prepare the closing entries on Page 6 of the journal. Refer to the Chart of Accounts for exact wording of accounts 9.B. Use the spreadsheet to post the closing entries to the ledger of four-column accounts Add the appropriate posting reference to the journal in CengageNow