part 1

Kelly Pitney began her consulting business, Kelly Consulting, on April 1, 20Y8. The chart of accounts for Kelly Consulting is shown below:

11	Cash	32	Retained Earnings
12	Accounts Receivable	33	Dividends
14	Supplies	41	Fees Earned
15	Prepaid Rent	51	Salary Expense
16	Prepaid Insurance	52	Rent Expense
18	Office Equipment	53	Supplies Expense
19	Accumulated Depreciation	54	Depreciation Expense
21	Accounts Payable	55	Insurance Expense
22	Salaries Payable	59	Miscellaneous Expense
23	Unearned Fees
31	Common Stock

The post-closing trial balance as of April 30, 20Y8, is shown below:

Kelly Consulting Post-Closing Trial Balance April 30, 20Y8
	Account No.	Debit	Credit
Cash	11	22,100
Accounts Receivable	12	3,400
Supplies	14	1,350
Prepaid Rent	15	3,200
Prepaid Insurance	16	1,500
Office Equipment	18	14,500
Accumulated Depreciation	19		330
Accounts Payable	21		800
Salaries Payable	22		120
Unearned Fees	23		2,500
Common Stock	31		30,000
Retained Earnings	32		12,300
		46,050	46,050

Required:

Journalize each of the May transactions using Kelly Consulting's chart of accounts. (Do not insert the account numbers in the Post. Ref. column of the journal at this time.) If an amount box does not require an entry, leave it blank.

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

Description	Post. Ref.	Debit	Credit

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

Description	Post. Ref.	Debit	Credit

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

Description	Post. Ref.	Debit	Credit

May 13: Paid Office Station Co. for part of the debt incurred on April 5, $640.

Description	Post. Ref.	Debit	Credit

May 15: Recorded services provided on account for the period May 115, $9,180.

Description	Post. Ref.	Debit	Credit

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

Description	Post. Ref.	Debit	Credit

May 17: Recorded cash from cash clients for fees earned during the period May 116, $8,360.

Description	Post. Ref.	Debit	Credit

May 20: Purchased supplies on account, $735.

Description	Post. Ref.	Debit	Credit

May 21: Recorded services provided on account for the period May 1620, $4,820.

Description	Post. Ref.	Debit	Credit

May 25: Recorded cash from cash clients for fees earned for the period May 1723, $7,900.

Description	Post. Ref.	Debit	Credit

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

Description	Post. Ref.	Debit	Credit

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

Description	Post. Ref.	Debit	Credit

May 30: Paid telephone bill for May, $260.

Description	Post. Ref.	Debit	Credit

May 31: Paid electricity bill for May, $810.

Description	Post. Ref.	Debit	Credit

May 31: Recorded cash from cash clients for fees earned for the period May 2631, $3,300.

Description	Post. Ref.	Debit	Credit

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

Description	Post. Ref.	Debit	Credit

May 31: Paid dividends, $10,500.

Description	Post. Ref.	Debit	Credit