Comprehensive Problem 1 Part 8 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 parts 1, 2, 3, 4, 6 and 7 before completing part 8 Part is optional. Prepare an income statement. Kelly Consulting Income Statement For the Month Ended May 1, 20 Feescared 40,000 Expenses 1,70s 1,600 1,370 LS mo 330 Insurance 275 Misce 1,295 Then 6.57 33,425 Prepare a statement of stockholders. In amount box does not require an entry, Hannelos curred or dividends were pal, enter that amount as a negative number using a minus sign Check My Work 54% At work wave Emainstructor Save and El Submit Anger for Grade oblem: Parts 8-10 PART.9 Miscellaneous pense 1,295 Total expenses PART.10 6,575 Net Income 33,425 PARTS Prepare a statement of stockholders' equity. If an amount box does not recure an entry, leave it blank. If a net loss is incurred or dividends were paid, enter that amount as a negative number using a minus sign Kelly Consulting Statement of Stockholders' Equity For the Month Ended HAY 21, 2018 Common Stock Retained Earnings Total Balanss May 1, 2048 Netcome Dividends Balancen, May 11, 2018 Prepare a balance sheet Kelly contin Balance Sheet HODY Assets Current asset current 395 44,195 wo Check My Work Emator Save and Submit Als Gray 5-10 Net Income Dividends Balances, May 31, 2018 Prepare a balance sheet. Kelly Consulting Balance Sheet May 31, 2018 Assets Liabilities Current assets: Current liabilities: Accounts payable Cash 895 44,195 8,080 Accounts receivable Salaries payable 325 715 Unearned Tees 3,210 Supplies Prepaid rent 1,600 Prepaid insurance 1,225 Total liabilities 4.430 55,815 Stockholders' Equity Total current assets Property, plant, and equipment: Office equipment Accumulated depreciation 14,500 Common stock 30,000 - 660 35,225 Total property, plant, and equipment 65,225 Retained Gaming 13,840 Total stockholders' equity 69,655 Total abilities and stockholders equity Total assets 69,655 Check My Work Previous Comprehensive Problem 1 Part 8 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 parts 1, 2, 3, 4, 6 and 7 before completing part 8 Part is optional. Prepare an income statement. Kelly Consulting Income Statement For the Month Ended May 1, 20 Feescared 40,000 Expenses 1,70s 1,600 1,370 LS mo 330 Insurance 275 Misce 1,295 Then 6.57 33,425 Prepare a statement of stockholders. In amount box does not require an entry, Hannelos curred or dividends were pal, enter that amount as a negative number using a minus sign Check My Work 54% At work wave Emainstructor Save and El Submit Anger for Grade oblem: Parts 8-10 PART.9 Miscellaneous pense 1,295 Total expenses PART.10 6,575 Net Income 33,425 PARTS Prepare a statement of stockholders' equity. If an amount box does not recure an entry, leave it blank. If a net loss is incurred or dividends were paid, enter that amount as a negative number using a minus sign Kelly Consulting Statement of Stockholders' Equity For the Month Ended HAY 21, 2018 Common Stock Retained Earnings Total Balanss May 1, 2048 Netcome Dividends Balancen, May 11, 2018 Prepare a balance sheet Kelly contin Balance Sheet HODY Assets Current asset current 395 44,195 wo Check My Work Emator Save and Submit Als Gray 5-10 Net Income Dividends Balances, May 31, 2018 Prepare a balance sheet. Kelly Consulting Balance Sheet May 31, 2018 Assets Liabilities Current assets: Current liabilities: Accounts payable Cash 895 44,195 8,080 Accounts receivable Salaries payable 325 715 Unearned Tees 3,210 Supplies Prepaid rent 1,600 Prepaid insurance 1,225 Total liabilities 4.430 55,815 Stockholders' Equity Total current assets Property, plant, and equipment: Office equipment Accumulated depreciation 14,500 Common stock 30,000 - 660 35,225 Total property, plant, and equipment 65,225 Retained Gaming 13,840 Total stockholders' equity 69,655 Total abilities and stockholders equity Total assets 69,655 Check My Work Previous