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Comprehensive Problem i General Excel Kelly Pitney began her con- Ledger sulting busi- ness, Kelly Consulting, on April 1, 2019. The accounting cycle for Kelly

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Comprehensive Problem i General Excel Kelly Pitney began her con- Ledger sulting busi- ness, 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 fol- lowing transactions: Received cash May 3. from clients as an advance pay- ment for services to be provided and recorded it as unearned fees, $4.500 Received cash 5. 5 from clients on account, $2,450 9 Paid cash for a newspaper ad- vertisement, $225. 13. Paid Office Sta- tion Co. for part of the debt in curred on April s. $225 13. Paid Office Sta- tion Co. for part of the debt in- curred on Aprils. $640 15. . Provided services on account for the period May 1-15. $9,180. 16. Paid part-time receptionist for two weeks salary including the amount owed on April 30, $750. Received cash from cash clients 17. for fees earned during the period May 1-16, $8,360 Record the following transactions on Page 6 of the journal: 20. Purchased sup- plies on account, $735 Provided services on account for 21. the period May 16-20, $4,820 Received cash montash clients

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