help! unadjusted and adjusted trial balances, red is wrong

Kelly Pitney began her consulting business, Kelly Consulting, on April 1, 2018. The accounting cycle for Kelly Consulting for April, including financial statements, was Mustrated in this chapter. During May Kelly Consulting entered into the following transactions: May 3 Received cash from clients as an advance payment for services to be provided and recorded it as uneamed foes. 54,500 $ Received cath from clients on account 52.450 Paid cash for a newspaper advertisement, 8225 Paid Office Station Co. for part of the dent incurred on April 5,5640 Recorded services provided on account for the period May 1-15.59.180 16 Pod part-time receptionist for two weeks stay including the amount owed on Apr 30, 5750 17 Recorded cash from cash clients for the cared during the period May 1-16,51.260 13 15 Record the following transactions on Page 6 of me journal May 20 Purchased suppler on account, 5735 21 Recorded services provided on account for the period May 16-20, 54.620 Chi 10:00 PM 608 28F > @ 3 17 Recorded cash from cash clients for tees earned during the period May 1-16, 58,360 Record the following transactions on Page 6 of the journal May 20 21 25 27 28 Purchased supplies on account. 5735 Recorded services provided on account for the period May 16-20.54820, Recorded cash from cash clients for fees earned for the period May 17-23, 57.900. Received cash from clients on account. 59.520 Paid part-time receptionist for two weeks salary, 5750 Pald telephone bill for May $260 Paid electricity bill for May, 5810 Recorded cash from cash clients for fees camed for the period May 26-31, 83,300. Recorded services provided on account for the remainder of May $2,650. Paid dividends, $10.500 30 31 31 31 31 Required: 1 The chart of account is shown in rane and the contrabance as at An.10.2018 Ashawn now M Mod Cheerininn o 60% 28F o Instructions Required: 1. The chart of accounts is shown in a separate panel and the post-closing trial balance as of Apr 30, 2018, is shown below. A Download the spreadsheet in the Ledger panel and save the Excel nie to your computer Be sure to save your work in Excel as it will be used to complete the following steps in Part 1 of this problem as well as stops in Part 2 of this problem. Your input into the spreadsheet will not be included in your grade in CengageNow on this problem for each account in the post.closing trial balance, enter the balance in the appropriate Balance column of the four column account Date the balances May 1, enter Balance in the tem column and select a check mark in the Posting Reference column B. Journaize each of the May transactions in the two-column journal starting on Paw 5 or emo joernw. Pour to the Chart of Accounts for exact wording of account titles (Do not mert the account numbers in the ouma ar tre time) 2. Poat the journal entries on pages 5 and 6 of the journal to the ledger of four-column accounts Enter the appropriate Posting Pawarenced in me journal and the ledper No entry is necessary in the tem column 3. Prepare an unadjusted trial balance 4. At the end of May the following adjustment data were assembled Anayze and use these data to complete parts (3) and (b), Insurance expired during May is $275 Supplies on hand on May 31 are 5715 Depreciation of office equipment for May is $330 M Chini 10:04 PM 596 28"F do 17 LMO O 7 - Instructions journal and the ledger No entry is necessary in the item column 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). Insurance expired during May is $275 Supplies on hand on May 31 are 5715 Depreciation of office equipment for May 1 $330 Accrued receptionist salary on May 31 is $325 Rent expired during May is $1,600 Unearned fees on May 31 are 53210 5. (Optional) on your own paper or spreadsnest enter the unadusted trial balance on a 10-column ondor-period spreadsheet work and and complete the spreadsheet 6. A Journalize the adjusting entries on Page 7 of the journal Refer to the chart of Accounts for exact wording of accountries B. Post the adjusting entries to the teper Enter the appropriate Posting References in the journal and the ledger, No entry a necessary in the tem column 7. Prepare an adjusted trial balance China 10 inn Tu Lac POST-CLOSING TRIAL BALANCE April 30, 2018 ACCOUNT TITLE DEBIT CREDIT 22.100.00 3.400.00 1.350.00 3.200.00 1.500.00 1 Cash ? Accounts Receivable * Supplies Prepaid Rent Prepaid Insurance Office Equipment Accumulated Depreciation Accounts Payable Salaries Payable In Unearned Fees 14,500.00 330.00 800.00 120.00 2,500.00 1 Common Stock 30,000.00 MULUS Prepaid Rent 3.200.00 1.500.00 14,500.00 330.00 5 Prepaid Insurance 6 Office Equipment 7 Accumulated Depreciation # Accounts Payable Salaries Payable 10 Unearned Fees 800.00 120.00 2.500.00 11 Common Stock 30,000.00 12.300,00 12 Retained Earnings 11 Dividends 14 Income Summary 15 Totals 46,050.00 46,050.00 CHART OF ACCOUNTS Kelly Consulting General Ledger ASSETS REVENUE 41 Fees Earned 11 Cash 12 Accounts Receivable 14 Supplies 15 Prepaid Rent 16 Prepaid Insurance 18 Office Equipment 19 Accumulated Depreciation EXPENSES 51 Salary Expense 52 Rent Expense 53 Supplies Expense 54 Depreciation Expense 55 Insurance Expense 59 Miscellaneous Expense LIABILITIES 21 Accounts Payable 22 Salaries Payable 15 Prepaid Rent 16 Prepaid Insurance 18 Office Equipment 19 Accumulated Depreciation 51 Salary Expense 52 Rent Expense 53 Supplies Expense 54 Depreciation Expense 55 Insurance Expense 59 Miscellaneous Expense LIABILITIES 21 Accounts Payable 22 Salaries Payable 23 Unearned Fees EQUITY 31 Common Stock 32 Retained Earnings 33 Dividends 34 Income Summary Unadjusted Imal Balance Shaded cells have feedback. May 31, 2018 ACCOUNT TITLE DEBIT CREDIT 1 Cash 4.419.00 1 Accounts Receivable 5,808.00 208.00 320.00 I 150.00 3 Supplies Prepaid Rent Prepaid Insurance Office Equipment 1 Accumulated Depreciation 1 Accounts Payable Salaries Payable 1.050.00 330.00 895.00 10 Unearned Fees 700.00 11 Common Stock 3.000.00 Shaded cells have feedback x 000 330.00 895.00 Unadjusted Trial Balance q 7 Accumulated Depreciation * Accounts Payable Salaries Payable 10 Unearned Fees 11 Common Stock 12 Retained Earnings 15 Dividends 700.00 3,000.00 Joy 1.250.00 1.050.00 14 Fees Earned 3.621.00 138.00 15 Salary Expense 16 Rent Expense Supplies Expense 1 Depreciation Expense Unadjusted Trial Balance 12 Retained Earnings 13 Dividends Shaded cells have feedback X 1.230.00 1,050.00 3.621.00 138.00 14 Fees Earned 15 Salary Expense 16 Rent Expense 17 Supplies Expense 19 Depreciation Expense 19 Insurance Expense 20 Miscellaneous Expense 129.00 71 Totals 8.673.00 8.673.00 Points 10/17 ADJUSTED TRIAL BALANCE May 31, 2018 ACCOUNT TITLE DEBIT CREDIT 1 Cash 4.419.00 808.00 715.00 I 160.00 122.00 2 Accounts Receivable Supplies 4 Prepaid Rent Prepaid Insurance 6 Office Equipment 7 Accumulated Depreciation Accounts Payable 9 Salaries Payable 10 Unearned Fees 1,450.00 660.00 895.00 325.00 321.00 tona na Shaded cells have feedback. 1.450.00 660.00 895.00 Adjusted Trial Balance 6 Office Equipment * Accumulated Depreciation Accounts Payable Salaries Payable 10 Unearned Fees 11 Common Stock 12 Retained Earnings 13 Dividends 325.00 321.00 3,000.00 1.230.00 1,050.00 14 Fees Earned 4,000.00 170.00 160.00 1 Salary Expense 16 Rent Expense 1 Supplies Expense Depreciation Expense 15 Insurance Expense 137.00 330.00 275.00 11 Common Stock 3,000.00 12 Retained Earnings 1.230.00 13 Dividends 1.050.00 14 Fees Earned 4,000.00 170.00 160.00 w 137.00 15 Salary Expense 16 Rent Expense 17 Supplies Expense 18 Depreciation Expense 19 Insurance Expense 20 Miscellaneous Expense 330.00 275.00 129.00 21 Totals 8.739.00 8,739.00 Points 14.05/22