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Hello, Does anyone have the answer to chapter 4's comprehensive problem 1? If you need anymore info, or the picutres are not clear enough, leave
Hello, Does anyone have the answer to chapter 4's comprehensive problem 1? If you need anymore info, or the picutres are not clear enough, leave your email, and I will email you better pictures or more info.
nstruction f owner's and J n June mmary account nvestments ncom n both 2. Prepare an inserting d account 3. Journalize and pos edger umns oppos repare a posl 1 Comprehensive Problem ng, on April 1, 2012 Consu statements, was following tran business, Pitney began her consul for Consu April, including financ d int 8. Net income counting cycle for Kelly Consu services to be provided on pages 63-173. During May advance paymen for cash clients as an recorded it as unearned fees, $3,000 $2,100 5. Rece ed cash from clients account, s S400. 9. Paid cash for a newspaper advertisement, incurred on April 5, $7,350 13. Paid Office Station Co. for part of the peri May 1-15, owed od 15. Recorded services provided on account for the ncluding the amount 16. Paid part-time eptionist for two weeks' salary April 30, S750 Page 6 of the journal s6 Record the following transactions on during the period May 1-16, 20. Recorded cash from cash clients for fees earned May 16-20, s6,175 Purchased supplies on account, $600 period 21. Recorded services provided on account for the May 17-23, from fees for the period 27. Received cash clients on account, $11,250 S750 28. Paid part-time receptionist for two weeks' salary, 30. Paid telephone bill for May, $120 $25,680 31. Paid electricity bill for May, $290 31. Recorded services provided on account for the remainder of May $1,900 Kelly withdrew $15,000 for personal use Instructions Consulting is show page i, the the 1. The chart of accounts for Kelly is shown on page or each account in of a trial balance as of April 30, 2012, appropriate Balance column post-closing trial balance, enter the balance in the and place check mark (v) account. Date the balances May 1, 2012, h the Posting Reference column. each of the May transactions in a two column journal starting on Page 5 of the journal and using Kell chan of accounts. (Do not insert the account numbers in the journal a this time.) 2. Post the journal to a ledger of four-column accounts 3. Prepare an unadjusted trial balance Analyze and use At the end of May, the following adjustment data were assemb these data to complete parts (5) and (6) a. Insurance expired during May is $300 b. lies on hand on May 31 are $750 c. Depreciation of office equipment for May is $330 nstruction f owner's and J n June mmary account nvestments ncom n both 2. Prepare an inserting d account 3. Journalize and pos edger umns oppos repare a posl 1 Comprehensive Problem ng, on April 1, 2012 Consu statements, was following tran business, Pitney began her consul for Consu April, including financ d int 8. Net income counting cycle for Kelly Consu services to be provided on pages 63-173. During May advance paymen for cash clients as an recorded it as unearned fees, $3,000 $2,100 5. Rece ed cash from clients account, s S400. 9. Paid cash for a newspaper advertisement, incurred on April 5, $7,350 13. Paid Office Station Co. for part of the peri May 1-15, owed od 15. Recorded services provided on account for the ncluding the amount 16. Paid part-time eptionist for two weeks' salary April 30, S750 Page 6 of the journal s6 Record the following transactions on during the period May 1-16, 20. Recorded cash from cash clients for fees earned May 16-20, s6,175 Purchased supplies on account, $600 period 21. Recorded services provided on account for the May 17-23, from fees for the period 27. Received cash clients on account, $11,250 S750 28. Paid part-time receptionist for two weeks' salary, 30. Paid telephone bill for May, $120 $25,680 31. Paid electricity bill for May, $290 31. Recorded services provided on account for the remainder of May $1,900 Kelly withdrew $15,000 for personal use Instructions Consulting is show page i, the the 1. The chart of accounts for Kelly is shown on page or each account in of a trial balance as of April 30, 2012, appropriate Balance column post-closing trial balance, enter the balance in the and place check mark (v) account. Date the balances May 1, 2012, h the Posting Reference column. each of the May transactions in a two column journal starting on Page 5 of the journal and using Kell chan of accounts. (Do not insert the account numbers in the journal a this time.) 2. Post the journal to a ledger of four-column accounts 3. Prepare an unadjusted trial balance Analyze and use At the end of May, the following adjustment data were assemb these data to complete parts (5) and (6) a. Insurance expired during May is $300 b. lies on hand on May 31 are $750 c. Depreciation of office equipment for May is $330Step by Step Solution
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