Print 1. COMPPRO 01.01. PART.1 Comprehensive Problem 1 Part 1: The following is a comprehensive problem which encompasses all of the elements learned in previous chapters. You can refer to the objectives for each chapter covered as a review of the concepts. Kelly Pitney began her consulting business, Kelly Consulting, on April 1, 2018. The chart of accounts for Kelly Consulting is shown below: 11 Cash 12 Accounts Receivable: 14 Supplies 15 Prepaid Rent 16 Prepaid Insurance 18 Office Equipment 32 Retained Earnings 33 Dividends 41 Fees Earned 51 Salary Expense 52 Rent Expense 53 Supplies Expense 19 Accumulated Depreciation 54 Depreciation Expense 21 Accounts Payable 55 Insurance Expense 22 Salaries Payable 23 Unearned fees 31 Common Stock 59 Miscellaneous Expense The post-closing trial balance as of April 30, 2018, is shown below: Kelly Consulting Post-Closing Trial Balance April 30, 2018 Account No. Debit Credit Cash Accounts Receivable) 11 22,100 12 3,400 Supples Prepaid Rent 14 1,350 15 3,200 Prepaid Insurance 16 1,500 Office Equipment 10 14,500 Accumulated Depreciation 19 330 Journalas each of the May transactions using Kelly Consulting's chart of accounts (Do not insert the account numbers in the Post. Raf. column of the journal at this time.) If an amount box does not require an entry, leave k May 31 Received cash from dients as an advance payment for services to be provided and recorded it as unearned fees, $4,500. Description Post. Ref. May 5: Received cash from clients on account, $2,450. Description Post. Ref. Debit May 9: Paid cash for a newspaper advertisement, 1225 Description Post. Ref. Credit Debit Credit Debit Credit May 13 Paid Office Station Co, for part of the debt incurred on April 5, 1640 Description Post. Ref. Debit Credit May 15: Recorded services provided on account for the period May 1-15, 19,180 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 1-16, $8,360. Description Post. Ref. May 20: Purchased supplies on account, $735. Description Debit Credit Post. Ref. Debit Credit May 21: Recorded services provided on account for the period May 16-20, $4,820. Description Post. Ref. Debit Credit May 25: Recorded cash from cash clients for fees earned for the period May 17-23, $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. May 30: Paid telephone bill for May, $260. Description Debit Credit 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 26-31, $3,300. Description Post. Ref. Debit Credit May 31: Recorded services provided on account for the remainder of May, $2,650. Leaming May 31: Recorded cash from cash cients for fees eamed for the period May 26-31, $3.300 Description Post. Ref. Debit Credit May 311 Recorded services provided on account for the remainder of May, $2,650 Description May 311 Paid dividends, $10,500. Description Post. Ref. Debit Credit Post. Ref. Debit Credit 2. COMPPRO 01 01 PART 2 AND PART 3 Comprehensive Problem 1 Part 2 and Part 3: The following is a comprehensive problem which encompasses all of the elements leamed in previous chapters. You can refer to the objectives for each chapter covered as a review of the concepts te me part 1 b Part 2: Using the attached sareadsheet, post the journal entries from part 1 to a lodger of four-column accounts. Part 31 Prepare an unadjusted trial balance. If an amount box does not require an entry, leave it blank. Kelly Consulting Unadjusted Trial Balance: Account Title May 31, 2018 Debit Balances Credit Balances Part 2: Using the attached spreadsheet, post the journal entries from part 1 to a ledger of four-column accounts. Part 3: Prepare an unadjusted trial balance. If an amount box does not require an entry, leave it blank. Kelly Consulting Unadjusted Trial Balance Account Title May 31, 2018 Debit Balances Credit Balances 3.COMPRODI 01 PART 4 AND PARTA Part and Part xing May and a May 275 715 May 31 325) Gent fees May 31 218 Parthing Then, the tests the attached suradn &poft for How is 134 Credt Craft Post Raf Credit Accrued receptionist salary on May 31 is $325. Date Account Name May 31 . Rent expired during May is $1,600 Date Account Name May 31 Post. Ref. Debit Credit Post. Ref. Debit Credit f. Unearned fees on May 31 are $3,210. Date May 31 Account Name Post. Ref. Debit Credi 4. COMPPRO 01.01.PARTS Comprehensive Problem 11 Part 5: Work Sheet The following is a comprehensive problem which encompasses all of the elements learned in previous chapters. You can refer the gives for each chapter carvin Part 5: Enter the unadjusted trial balance on an end-of-period spreadsheet (work sheet and complete the spreadsheeting the wing 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. Rent expired during May is $1,600. f. Unearned fees on May 31 are $3,210. If an amount box does not require an entry, leave it blank enter Unadjusted Trial Balance Account Title Debit Cash Accounts Receivable Supplies Prepaid Rent Prepaid Insurance Office Equipment Accum. Depreciation Accounts Payable Salaries Payable Unearned Fees Common Stock Retained Earnings Dividends Fees Earned Salary Expense Rent Expense Supples Experse Depreciation Expense Insurance Expense Miscellaneous Expense Net income Kelly Consulting End-of-Period Spreadsheet (Work Sheet) For the Month Ended May 31, 2018 Adjusted Trial Balance Adjustments Credit Debit Credit Debit Balance Sheet Credit Income Statement Credit Debit Credit Debit Comprehensive Problem 1 Part 7: The following is a comprehensive problem which encompasses all of the elements leamed in previous chapters. You can refer to the objectives for each chapter of ho Prepare an adjusted trial balance. If an amount box does not require an entry leave blank Kelly Consulting Adjusted Trial Balance Account Title May 31, 2018 Debit Balances Credit Balances D 6. COMPPRO 01.01 PARTS Comprehensive Problem 1 Part B: The following is a comprehensive problem which encompasses al of the elements leamed in previous chapters. You can refer to the objectives for each chapter covered as a review of the concepts. NOTE: You must complete parts 1, 2, 3, 4, 6 and 7 before completing pert B. Part 5 is optional. Prepare an income statement. Expenses Kelly Consulting Income Statement For the Month Ended May 31, 2018 Prepare a statement of stockholders' equity. If an amount bex does not require an entry, leave it blank. If a net loss is incurred or dividends were pait, enter that amount as a negative number using a minus sigh Kelly Consulting Statement of Stockholders' Equity For the Month Ended May 31, 2018 Retained Earnings Common Stock Total Kelly Consulting Statement of Stockholders' Equity For the Month Ended May 31, 2018 Common Stock $ Retained Earnings Total Prepare a balance sheet. Assets Current assets: Kelly Consulting Balance Sheet May 31, 2018 Liabilities Current liabilities: Total current assets Property, plant, and equipment. Total liabilities Stockholders' Equity Total property, plant, and equipment Total assets 7. COMPPRO.01.01 PART.9 Total stockholders' equity Total liabilities and stockholders' equity 7. COMPPRO 01.01 PARTS Comprehensive Problem I Part 9: The following is a comprehensive problem which encompasses all of the elements learned in previous chapters. You can refer to the objectives for each chapter covered as a review of the concepts Note: You must complete parts 1, 2, 3, 4, 5, 7 and 8 before completing part 9. Part 5 is optional. Part 9: Prepare the desing entries below. Then, using the attached spreadsheet from part 2, past the entries to your general ledger. If an amount box does not require an entry, leave it blank. Date Account Name Post. Ref. Debit Credit 20 Closing Entries May 31 May 31 8. COMPPRO 0101 PART. 101 Comprehensive Problem 1 Part 10 The following is a comprehensive problem which encompasses all of the elements learned in previous chapters. You can refer to the objectives for each chapter covered as a review of the concepts Note: You must complete parts 1, 2, 3, 4, 6, 7, 8 and 9 before completing part 10. Part 5 is optional Prepare a post-closing tral balance. If an amount box does not require an entry, leave it blank 8. COMPPRO.01.01 PART.10 Comprehensive Problem 1 Part 10: The following is a comprehensive problem which encompasses all of the elements leamed in previous chapters. You can refer to the objectives for each chapter covered as a review of the concepts. Note: You must complete parts 1, 2, 3, 4, 6, 7, 8 and 9 before completing part 10. Part 5 is optional. Prepare a post-closing trial balance. f an amount box does not require an entry, leave it blank Account Title Kelly Consulting Post-Closing Trial Balance May 31, 2018 Debit Balances Credit Balances