need help with question 3.

210 Chapter 4 Completing the Accounting Cycle summary account is 34 in the ledger of PS Music. Indicate closed ad ng a line in both Balance columns opposite the ckosing entry 3. Journalize and post the clining entries. The retained earnings account h . d. Prepare a post-closing trial balance Comprehensive Problem 1 2016. The a 8.Net income, $33,425 consulting business, Kelly Consulting, on April 1, 20 ng cycle for Kelly Consulting for Apeil, including financial statements, was Kelly Pitney began her countin in this chapeer. During May, Kelly Consulting entered into the following transaction May 3 Received cash fron clients as an advance payment for services to be peovided and recorded it as unearned fees, $4,500 Case 5. Received cash from clients on account, $2,450. 9. Paid cash for a newspaper advertisement, $225. 13. Paikd Office Station Co. for part of the debt incurred on April 5, $6i0. 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. Recorded cash from cash clients for fees earned during the period May 1-16 $8 360. 17. Record the following transactions on Page 6 of the journal 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 dlients for fees earned for the period May 17-23, 579 27. Received cash from clients on account, $9,520. 28. Paid part-time receptionist for two weeks' salary, $750. 50. Paid telephone biall for May, $260. 51. Paid electricity bill for May, $810 S1. Recorded cash from ash clients foxr fees earned for the period May 26-31, 53,300 31. Recorded services provided on account for the remainder of May, $2.6s0. 31. Paid dividends, s10,500 Instructions . The chart of accounts for Kelly Consulting is shown in Exhibic 9, and the post-closing trial balance, enter the balance in the appropriate Balsnce column o a trial balance as of April 30, 2016, is shown in Exhibit 17. For esch account in the four-columin account. Date the balances May 1, 20to, and place check mark ( in the Posting Reference column. Journalize each of the May transacions in a wo column journal starting on Page 5 of the journal and using Kelly Cons ulting's dhat 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 and sc 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 $329. e. Rent expired during May is $1,600. f. Uncarned fees on May 31 are $3,210. Kelly Consulting's balance sheet in Exhibit 15. Kelly Consulting Post-Closing Trial Balance April 30, 2016 EXHIBIT 17 Post-Closing Trial Balance, Kelly Consulting Debit Credit Balances Balances 22,100 3,400 1,350 3,200 1,500 14,500 Accounts Receivable Supplies Prepaid Insurance. Accumulated Depreciation 330 120 2.500 30,000 12,300 Retained Earnings 46,050