journal

Print Item Instructions 5 Kelly Pitney began her consulting business, Kelly Consulting, on April 1, 2018. 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 Received cash from clients as an advance payment for services to be provided and recorded it as unearned fees, 54,500 Received cash from clients on account. 52.450 Paid cash for a newspaper advertisement. $225. Paid Office Station Co for part of the debt incurred on April 5, 5640 Recorded services provided on account for the period May 1-15, 89,180 Paid part-time receptionist for two weeks salary including the amount owed on April 30, 5750 Recorded cash from cash clients for fees earned during the period May 1-16, 58,360 13 15 16 17 Record the following transactions on Page 6 of the journal May 20 21 25 Purchased supplies on account, $735 Recorded services provided on account for the period May 18-20, 54,820 Recorded cash from cash clients for fees earned for the period May 17-23, 57.900 Received cash from dients on account. $9,520 Paid part-time receptionist for two weeks salary, 5750 27 28 16 Pald part-time receptionist for two weeks' salary including the amount owed on April 30, 5750. 17 Recorded cash from cash clients for fees earned during the period May 1-16, 58,360 Record the following transactions on Page 6 of the journal May 20 Purchased supplies on account. 5735 21 Recorded services provided on account for the period May 16-20, 54,820 25 Recorded cash from cash clients for Tees earned for the period May 17-23, 57.900 27 Received cash from clients on account, 59,520 28 Paid part-time receptionist for two weeks' satary, $750 30 Paid telephone bill for May, 5260 Paid electricity bill for May, 5810 31 Recorded cash from cash clients for fees earned for the period May 26-31, 53,300. 31 Recorded services provided on account for the remainder of May, $2,650. 31 Paid dividends, S10,500 31 Required: 1. The chart of accounts is shown in a separate panel and the post-closing trial balance as of Apni 30, 2018 As shown below the Fyne in to your computer. Be sure to save your work in Ercel as it will HT Required: 1. The chart of account 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 file to your computer Be sure to save your work in Exow as it will be used to complete the following steps in Part 1 of this problem as well as steps in Part 2 of this problem. Your input into the spreadsheet will not be included in your grade in Congepenow on this problem. For each account in the post-closing trial bulance, enter the balance in the appropriate Balance column or the four-column account Date the balances May 1, ender Balance in the item calumn and select a check mark in the Posting Reference column 8. Journaize each of the May transactions in the two-column journal starting on Page 5 of the journa. Refer to the Chart of Accounts for exact wording of account titles (Do not insert the account numbers in the journa at the 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 References in the 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 parto (5) and (6) Insurance expired during May is $275 Supplies on hand on May 31 are 5715 Depreciation of office equipment for May is $330 Accrued receptionist salary on May 31 is 5325 Rent expired during May is 51,600 + Ulearned fees on May 31 are $3.210. fredondheet Worksheed, and Print Item 2. Post the journal entries on pages 5 and 6 of the journal to the edge of four column accounts Enter the acpropriate Posting References in the Journal and the ledger. 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 Analyze and use these data to complete parts (5) and (6) Insurance expired during May is $275 Supplies on hand on May 31 are $715 Depreciation of office equipment for May is $330 Accrued receptionist salary on May 31 5325 Rent expired during May's 51.600 Unearned fees on May 31 are 53.210 5. (Optional) On your own paper or spreadsheet enter the unadjusted triw balance on a fo-column end-of-period spreadsheet (worksheet, 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 account B. Post the adjusting entries to the ledger Enter the approprate Posting References in the journal and the ledger. No entry is necessary in the item column 7. Prepare an austed trial balance Kelly Consulting TBOL BALANCE at Your Mark D2L Brightspace Lo Sign On With Your G Google Drive Printem POST-CLOSING TRIAL BALANCE April 30, 2018 ACCOUNT TITLE DET CREDIT 2 Cash 22.100.00 3.400.00 2 Accounts Receivable Soos 1.550.00 Prepadent 200.00 SOLDO 1:5000 Pegadinsurante Office Equipment Accumulated Depreciation Accounts Payable Satanes 330.00 BOL.CO 120100 Une med 2.500.00 Common Stock 30.000 retained Earning 1233000 Dividende DO 460000 Check My Work 2 more Cooky Woman o O 3 LM Print Item General Ledger REVENUE 41 Fees Eamed ASSETS 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 23 Unearned Fees EQUITY 31 Common Stock 32 Retained Earnings 33 Dividends 34 Income Summary Check My Work 2 more Check My Work tes song P 3 Print tem Journaize each of the May transactions in the wo-column journal starting on Page 5 of the journal. Refer to the Chart of Accounts for exact wording of account Scroll down for page 6 of the journal (Do not insert the account numbers in the journal at this time. This will be done during the posting ste) POES JOURNAL ACCOUNTING EQUATION DESCRIPTION POST HER DET CREDIT ASSETS DATE LIABILITIES QUITY 1 I 11