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Im lost on this Kelly Pitney began her consulting business, Kelly Consulting on May 1, 2019. During May, Kelly Consulting entered into the following transactions:
Im lost on this
Kelly Pitney began her consulting business, Kelly Consulting on May 1, 2019. During May, Kelly Consulting entered into the following transactions: RECORD JOURNAL ENTRIES: DR CR 25 Received cash from Kelly - $10,000. May 1. (Investment) Received cash from clients on 51 account, $2,450. Paid cash for a newspaper 9 advertisement, $225. Provided services on account for the 15 period May 1-15, $9,180. Pald part-time receptionist for two 16 weeks' salary including the amount owed on April 30, $750. Received cash from cash clients for 17 fees earned during the period May 1-16 $8,360. 20 Purchased supplies on account, $735. Provided services on account for the 21 period May 16-20 $4,820. Received cash from cash clients for fees eamed-May 1-23, $7.900 Received cash from clients on 27 account, $9,520. 28 Pald part-time receptionist for two weeks' salary: $750. 30 Paid telephone bill for May, $260. Contributed $5,000 - Additional 30 Investment by Kelly Purchased Land for business- 30 $100,000 Pald Insurance Premium for 6 31 months = $3,000. Discovered error in computing 31 commission for April. Salesman refunded $1,500. 31 Pald electricity bill for May, $810. Received cash from cash clients for 31 fees earned for the period May 26-31 $3.300. Provided services on account for the 31 remainder of May, $2,650. Kelly withdrew $10,500 for personal 31 use Step by Step Solution
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