Kely Pinay began her consulting burness Kelly Consulting on April 1, 2016. The accounting cycle for Kelly Consulting for an including financial statements, was died in this chapter. During Mary Kay Consulting entered into transaction in Port of this problem the accounting cycle was completed up tough the preparation of the adjusted trattalunce, Required B. you completed the end of period worksheet in Parruse the dusted tre balonce fures to prepare an income statement and caring statement and a balance sheet if you did complete end of period worksheet Partise the edge the spreadsheed to prepare an come statement and coming statement, and a balance sheet de sure to read the nutrictions for each itencial statement carefully D A Prepare the long entries on Page of the journal Refer to the Chair of Accounts for exact word account 9. Use the spreadsheet to post the countries to the index of four.com account Add the wrote ingredience to the un in CengageNow 10. Apare a post-cong trial balance Accounts with bunces can be left bank Shaded cels have feedback 9 A Prepare the closing entries on Page 8 of the powmal Refer to the Chart of Accounts for exact wording of account thes 9 B. Add the appropriate posting reference to the journal in CengageNow How does eradine work PAGE JOURNAL Score: 96/174 ACCOUNTING EQUATION CREDIT DET POST REX ASSETS LOUITY LATES DATE DESCRIPTION Closing Entries 1 2 May 31 Service Revenue 40,000.00 6.575.00 6575.00 40,000.00 3 ! K 4 May 31 1 1 Retained Earning Retained Earnings Salary Expense Rent Experie Supplies Expense Depreciation Expense Insurance Experte Miscellaneous Experts Cash 1.705.00 1.000.00 132000 350.00 225.00 1 1 1 1.295.00 1 10 11 1 Cash Previous JOURNAL Score: 96/174 ACCOUNTING EQUATION POST RER DEBIT ODIT ASSETS EQUITY LABILITIES 1 2 40,000.00 6,575.00 40,000.00 ! 3 6.575.00 1 4 DATE DESCRIPTION Closing Entries May 31 Service Revenue Retained Earnings May 31 Retained Earnings Salary Expense Rent Expense Supplies Expense Depreciation Expense Insurance Expertise 1,705.00 1 5 1.600.00 1 1 1.370.00 350.00 275.00 1 1 1295.00 1 10 Miscellaneous Expense Cash 11 12 Cash 11 Cash 14 Cash Pants 2372743