Kelly Pitney consulting business, Kelly Consulting. 1, 2016. began her financial statements, was illustrated in this chapter. Kelly for April, following transactions During May, Kelly Consulting entered into the 8. Net income, $33, 425 May 3. Received cash from clients as an advance payment for se to be provided unearned fees, $4, 500. and recorded $2, 450. Received cash from clients on account. 9. Paid cash for a newspaper advertisement, $225. 13. Paid office station Co. for part of the debt incurred on April 5, s640. services provided on account for the period May 1-15. s9.180. Recorded 15. d part-time receptionist for two weeks salary including the amount owed on 16 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, 30 31. Recorded services provided on account for the remainder of May, $2, 650. 31. Kelly withdrew $10, 500 for personal use. 1. The chart of accounts for Kelly Consulting is shown in Exhibit 9, and the postal's trial balance as of April 30, 2016, is shown in Exhibit 17. For each account in post-closing trial balance, enter the balance in the appropriate Balance column four-column account. Date the balances May 1, 2016, and place a check mark in the Posting Reference column. Journalize each of the May transactions in a t column journal starting on Page 5 of the journal and using Kelly Consulting s of accounts. (Do not insert the account numbers in the journal at this time.) 2. Post the journal to a ledger of four-column accounts. 3. Prepare an unadjusted trial balance. 4. At the end of May, the following adjustment data were assembled. Analyze arm these data to complete parts (5) and (6). a. Insurance expired during May is $275. b. Supplies on hand on May 31 are $715 c. Depreciation of office equipment for May is $330. d. Accrued receptionist salary on May 31 is $325. e. Rent expired during May is $1, 600. f. Unearned fees on May 31 are $3, 210