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I need the Income Statements accounts using this information. (The sheets) Thank You! Part 1: The following is a comprehensive problem which encompasses all of
I need the Income Statements accounts using this information. (The sheets) Thank You!
Part 1: The following is a comprehensive problem which encompasses all of the elements learned in previous chapters. You can refer to the objectives for each chapter covered as a review of the concepts. Kelly Pitney began her consulting business, Kelly Consulting, on April 1, 20Y8. The chart of accounts for Kelly Consulting is shown below: The post-closing trial balance as of April 30,20Y8, is shown below: The post-closing trial balance as of April 30, 20Y8, is shown below: Journalize each of the May transactions using Kelly Consulting's chart of accounts. (Do not insert the account numbers in the Post. Ref. column of the journal at this time.) If an amount box does not require an entry, leave it blank. May 3: Received cash from clients as an advance payment for services to be provided and recorded it as unearned fees, $4,500. May 5: Received cash from clients on account, $2,450. May 9: Paid cash for a newspaper advertisement, $225. May 13: Paid Office Station Co. for part of the debt incurred on April 5, $640. May 15: Recorded services provided on account for the period May 1-15, $9,180. May 16: Paid part-time receptionist for two weeks' salary including the amount owed on Apr May 20: Purchased supplies on account, $735. May 21: Recorded services provided on account for the period May 1620,$4,820. May 27: Received cash from clients on account, $9,520. May 28: Paid part-time receptionist for two weeks' salary, $750. May 30: Paid telephone bill for May, $260. May 31: Paid electricity bill for May, $810. May 31: Recorded cash from cash clients for fees earned for the period May 2631,$3,300 May 31: Recorded cash from cash clients for fees earned for the period May 2631,$3,300 [ May 31: Recorded services provided on account for the remainder of May, $2,650. May 31: Paid dividends, $10,500. COMPREHENSIVE PROBLEM 1 - The following ledger accounts appear below, in this order: Fees Earned, Salary Expense, Rent Expense, Supplies Expense, Depreciation Expense, Insurance Expense, Miscellaneous Expense The entries in the ledgers will not grade or mark correct or incorrect. LEDGERS - Income Statement accountsStep by Step Solution
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