Comprehensive Problem 1 v 8. Net income, Kelly Pitney began her consulting business, Kelly Consulting, on April 1, 2016 counting cycle for Kelly Consulting for April, including financial statements, was illustrateu this chapter. During May, Kelly Consulting entered into the following tra May 3, Received cash from clients as an advance payment for services to be provided and recorded it as unearned fees, $4,500. 5. Received cash from clients on account, s2,450. 9. Paid cash for a newspaper advertisement, s225. 13. Paid office Station Co. for part of the debt incurred on April 5, s6io. 15. Recorded services provided on account for the period May 1-15. s9,180. 16. Paid part-time receptionist for two weeks' salary including the amount owed on April 30, $750, Recorded cash from cash clients for fees earned during the period May 1-16, Record the following transactions on Page 6 of the journal 20, Purchased supplies on account, $735. 21. Recorded services provided on account for the period May 16-20, $4,820 25. Recorded cash from cash clients for fees earned for the period May 17-23, s7,900. 27. Received cash from clients on account, $9,520. 28. Paid part-time receptionist for two weeks' salary, s750. 30. Paid telephone bill for May, $260. 31. Paid electricity bill for May, $810 l. Recorded cash from cash clients for fees earned for the period May 26-31.$3,300 31. Recorded services provided on account for the remainder of May, $2,650. 31. Kelly withd ew S10,500 for personal use nstructions 1. The chart of accounts for Kelly Consulting is shown in Exhibit 9, and the post-closing trial balance as of April 30, 2016, is shown in Exhibit 17. For each account in the four-column account. enter the balance in the ol in the Posting Date the balances May 1, 2016, and place a check mark (V) journal Reference column. Journalize each of the May transactions in a two- starting on Page 5 jou of accounts. rnal and using Kelly Consulting's chart (Do not insert the account numbers in the journal at this time.) 2. Post the journal to a ledger of four column accounts 3. Prepare an unadjusted trial balance. 4. At the end of May, the following adjustment data were assembled. Analyze and use these data to complete parts (5) and (6) a. Insurance expired during May is $275 b. Supplies on hand on May 31 are $715 c. Depreciation of office equipment for May is $330 d. Accrued receptionist salary on May 31 is $325 e. Rent expired during May is S1,600 f Unearned fees on May 31 are $3.210