How to solve the adjusting entry?

Step 2. Por each account affected by the transaction, determine whether the a cc oun . Step 3. Determine whether each increase or decrease should be recorded as a d . Step 4. Record the transaction using a journal entry by the transaction. The chart of accounts for Kelly Consulting is shown in Exhibit 9. increases or decreases. or a credit, following the rules of debit and credit shown in Exhibit 3 of Chapter The company's chart of accounts is useful in determining which accounts are affectee ebi 2 EXHIBIT 9 Chart of Accounts for Kelly Consulting 11 Cash 12 Accounts Receivable 14 Supplies 15 Prepaid Rent 31 Kelly Pitney, Capital 32 Kelly Pitney, Drawing 33 Income Summary 41 Fees Earned 51 Salary Expense 52 Rent Expense 53 Supplies Expense 54 Depreciation Expense 55 Insurance Expense 59 Miscellaneous Expense 16 Prepaid Insurance 18 Office Equipment 19 Accumulated Depreciation 21 Accounts Payable 22 Salaries Payable 23 Unearned Fees After analyzing each of Kelly Consulting's transactions for April, the journal entrie are recorded as shown in Exhibit 10. Step 2. Posting Transactions to the Ledger Periodically, the transactions recorded in the journal are posted to the accounts in th ledger. The debits and credits for each journal entry are posted to the accounts in th