May 1

Simpson invested $40,000 cash in the business,

1

Rented a furnished office and paid $2,200 cash for May's rent.

3

Purchased office equipment for $1,890 on credit.

5

Paid $750 cash for this month's cleaning services.

8

Provided consulting services for a client and immediately

collected $5,400 cash.

12

Provided $2,500 of consulting services for a client on credit.

15

Paid $750 cash for an assistant's salary for the first half of this

month.

20

Received cash payment in full for the services provided on

May 12

22

Provided $3,200 of consulting services on credit.

28

Received full cash payment for the services provided on May

22.

29

Paid cash for the office equipment purchased on May 3.

30

Purchased $80 of advertising.

30

Paid $300 cash for this month's telephone bill

30 paid $280 cash for this months utilities paid $750 cash for an assistants salary for the second half of this month. simpson withdrew $1400 cash from the business for personal use.

Complete the accounting cycle.

adjusting entries

1. Depreciation of equipment. 2. Accursed receptionist salary May 30 is $150.

3. Simpson earned $3,000 for consulting services which have not been billed.

4. Determined that $500 of accounts receivable is uncollectible

5. Simpson earned $1500 for unpaid, unbilled consulting services.

do the accounting cycle