Kelly Pitney began her consulting business, Kelly Consulting, on April 1, 2018. ne accounting cycle for Kelly Consulting for April, including financial statements, was illustrated in Chapter 4. During May, Kelly Consulting entered into the following Tranactions: $4,500 May 3 Received Cash from clients as an advance payment for services to be provided. May 5 Received Cash from clients on account $2,450 May 9 Paid Cash for a newspaper advertisement $225 $640 $89,806 $750 May 13 Paid Office Station Co. for part of the debt incurred on April 5 May 15 Recorded services provided on account for the 25 period May 1-15, May 16 Paid receptionist for two weeks' salary, including 17 the amount owed on April 30. TO May 17 Recorded Cash from cash clients for fees earned Student General Journal Apr General Journal Ready Type here to search O $8,360 Unajusted trial ajusted trial financial state Average: 512 HE i e a hp E A B C D May 17 Recorded Cash from cash clients for fees earned during the period May 1 - 16 $8,360 hl $735 May 20 Purchased supplies on account May 21 Recorded services provided on account for the period May 16-20 $4,820 May 25 Recorded cash from cash clients for fees earned for the period May 17-23 $7,900 5 7 May 27 Received cash from clients on account $67,354 29 $750 May 28 Paid receptionist for two weeks' salary May 30 Paid telephone bill for May 31 $260 May 31 Paid electricity bill for May $6,735 May 31 Recorded Cash from cash clients for fees earned for the period May 26-31 $3,300 HRM May 31 Recorded services provided on account for the $2,650 39 May 31 Paid Dividends in the amount of $10,500 Student General Journal Apr General Journal Unajusted trial ajusted trial financial state... Type here to search O a E39 10500 A B D E At the end of May, the follo g adjustment data were assembled. Analyze and use these data to complete parts (5) and (6). 42 13 44 May 31 445 46 47 1. Insurance expired during May 2. Supplies on hand on May 31 are 3. Depreciation of office equipment for May is 4. Accrued receptionist salary on May 31 is 5. Rent expired during May is 6. Uneamed fees on May 31 are 275 715 330 325 1,600 3,210 48 49 50 51 52 54 56 58 Instructions: 1 Journalize the transactions for May 2018 2 Post the journal to the ledger T-accounts 3 Prepare an Unadjusted Trial Balance 4 Journalize the adjusting entries (see Above) 5 Post the journal (Ad).Entries) to the ledger T-accounts 6 Prepare an Adjusted Trial Balance 7 Prepare an Income Statement, Statement of Retained Earings, and a Balance Sheet for the Student General Journal Apr General Journal Unajusted trial ajusted triat financial state 60 62 64 Type here to search Average: 512 O e a E39 f 10500 5 D U 52 64 Gb 6 Prepare an Adjusted Trial Balance 7 Prepare an Income Statement, Statement of Retained Earnings, and a Balance Sheet for the 8 Journalize and post the closing entries 9 Prepare a Post-Closing Trial Balance 68 69 + 70 71 72 73 14 75 Chart of Accounts for Kelly Consulting 11 Cash 12 Accounts Receivable 14 Supplies 15 Prepaid Rent 16 Prepaid Insurance 18 Office Equipment 19 Accumulated Depreciation 21 Accounts Payable 22 salaries Payable 23 Unearned Fees 31 Common Stock 76 79 BO 51 Student General Journal Apr General Journal Unajusted trial ajusted trial financial state Type here to search DE $17.455 Count Sum G a ali 1/1 Merge & Center $ % 48-58 Board Insert Delete Farm Font Alignment Conditional Formatas Cell Formatting Table - Styles Styles Number X Cells 10500 B D 6 31 Common Stock 32 Retained Earnings 33 Dividends 34 Income Summary 41 Fees Earned 51 Salary Expense 52 Rent Expense 53 Supplies Expense 54 Depreciation Expense SS Insurance Expense 59 Miscellaneous Expense Post Closing Trial Balance for April. Use these balances in your ledger when you start May Credits Acent Num Account Name 11 Cash $ 12 Accounts Receivable 14 Supplies Student Charalloral Debits 27.800 5.400 1,350 A Ger Journal Unajusted trial usted to financial state Type here to search a $ hp Alignment Number Styles Celt E39 V fo D 33 Post Closing Trial Balance for April. Use these balances in your ledger when you start May Credits Debits 27,800 5,400 1,350 3,200 1,500 14,500 Accnt st Num Account Name 95 11 Cash $ 96 12 Accounts Receivable 17 14 Supplies 18 15 Prepaid Rent 99 16 Prepaid Insurance 100 18 Office Equipment 101 19 Accumulated Depreciation 102 21 Accounts Payable 103 22 Salaries Payable 104 23 Unearned Fees 105 31 Common Stock 100 32 Retained Earnings 102 5 19 109 110 Student General Journal $ 330 800 120 2,500 30,000 20.000 53.750 53,750 S Ar Generator usted fra Type here to eat O e E 70