Instructions Kelly Pitney began her consulting business, Kelly Consulting, on April 1, 20Y5. The accounting cycle for Kelly Consulting for April, including financial statements, was illustrated in this chapter. During May, Kelly Consulting entered into the following transactions: May 3 5 9 13 15 16 17 Received cash from clients as an advance payment for services to be provided and recorded it as unearned fees, $4,500. Received cash from clients on account, $2,450. Paid cash for a newspaper advertisement, $225. Paid Office Station Co. for part of the debt incurred on April 5, $640. Provided services on account for the period May 1-15, $9,180. Paid part-time receptionist for two weeks' salary including the amount owed on April 30, $750. Received cash from cash clients for fees earned during the period May 1-16, $8,360.

Kelly Pltney began her consulting business. Kelly Consulting, on April 1, 20Y5. The accounting cycle for Kelly Consuting for Aprit, including financial stalements, was tlustrated in this chapter. During May, Kelly Concuiting entered into the following transactions: May 3 Feceived cash from clients as an advance payment for services to be provided and recorded it as unearried fees, $4,500 5. Rectived cash from clients on account, 52,450 . 9 Paid cash for a newspaper advertisement, 5225 . 13 Pald Olfice Station Co for part of the debl incurred on Apri 5,5640 15 Provided services on account for the period May 1=15,59,180. 16. Paid part-time receptionst for two wesks' salary including the amount owed on April 30,5750 . 17 Received cash from cash cients for fees earned during the period May 1-16, \$8, 360