Kelly Pitney began her consulting business, Kelly Consulting, on April 1, 2019. The accounting cycle for Kelly Consulting for April,

including financial statements was illustrated on page 210-211. During May, Kelly consulting entered the following transactions:

May 3. Received cash from clients as an advance payment for services to be provided and recorded it as unearned fees, $4,500.

5. Received cash from clients on account, $2,450.

9. Paid cash for a newspaper advertisement, $225.

13. Paid office station company for part of the debt incurred on April 5, $640.

15. Recorded services provided on account for the period May 1-15, $9,180.

16. paid part-time receptionist for two weeks' salary including the amount owed on April 30, $750.

17. Recorded cash from cash clients for fees earned during the period May 1-16, $8,360.

20. Purchased supplies on account, $735.

21. Recorded services provided on account for the period May 16-20, $4,820.

25. Recorded cash from cash clients for fees earned for the period May 17-23, $7,900.

27. Received cash from clients on account, $9,520.

28. Paid part-time receptionist for two weeks' salary, $750.

30. Paid telephone bill for May, $260.

31. Paid electricity bill for May $810.

31. Recorded cash from cash clients for fees earned for the period May 26-31, $3,300.

31. Recorded services provided on account for the remainder of May, $2,650.

31. Kelly withdrew $10,500 for personal use.

#4

At the end of May, the following adjustment data were assembled:

a) Insurance expired during May is $275

b) Supplies on hand on May 31 are $ 715

c) Deprecciation of office equipment for may is $330

d) Accrued receptionist salary on May 31 is $ 325

e) rent expired during May are $ 1600

f) unearned fees on May 31 are $ 3210

Question????

1) Prepare journal entries for all the transactions listed, in addition to the adjusting journal entries listed under # 4 in the instructions.

2) Prepare balance sheet of May 31,2019, income statement and statement owner's equity in May 2019

3) Prepare closing journal entry.