Step 1 Analyze and Journalize the transactions for April.

Apr. 1 The following assets were received from Kelly Pitney in exchange for common stock: cash, $13,100; accounts receivable, $3,000; supplies, $1,400; and office equipment, $12,500. There were no liabilities received.

Apr. 1 Paid three months rent on a lease rental contract, $4,800.

Apr. 2 Paid the premiums on property and casualty insurance policies, $1,800.

Apr. 4 Received cash from clients as an advance payment for services to be provided and recorded it as unearned fees, $5,000.

Apr. 5 Purchased additional office equipment on account from Office Station Co., $2,000.

Apr. 6 Received cash from clients on account, $1,800.

Apr. 10 Paid cash for a newspaper advertisement, $120.

Apr. 12 Paid Office Station Co. for part of the debt incurred on April 5, $1,200.

Apr. 12 Recorded services provided on account for the period April 1 12, $4,200.

Apr. 14 Paid part-time receptionist for two weeks salary, $750.

Apr. 17 Recorded cash from cash clients for fees earned during the period April 1 16, $6,250.

Apr. 18 Paid cash for supplies, $800.

Apr. 20 Recorded services provided on account for the period April; 13 20, $2,100.

Apr. 24 Recorded cash from cash clients for fees earned for the period April 17 24, $3,850.

Apr. 26. Received cash from clients on account, $5,600.

Apr. 27 Paid part-time receptionist for two weeks salary, $750.

Apr. 29 Paid telephone bill for April, $130.

Apr. 30 Paid electricity bill for April, $200.

Apr. 30 Recorded cash from cash clients for fees earned for the period April 25 30, $3,050.

Apr. 30 Recorded services provided on account for the remainder of April, $1,500.

Apr 30 Paid dividends, $6,000.

Step 2 Post transactions to the ledger.

Step 3 Prepare an unadjusted trial balance.

Step 4 Assemble and analyze adjustment data.

a. Insurance expired during April is $300.

b. Supplies on hand on April 30 are $1,350.

c. Depreciation on office equipment for April is $330.

d. Accrued receptionist salary on April 30 is $120. e. Rent expired during April is $1,600.

f. Unearned fees on April 30 are $2,500.

Step 5 Prepare an optional end-of-period spreadsheet.

Step 6 Journalize and post the adjusting entries.

Step 7 Prepare an adjusted trial balance.

Step 8 Prepare the financial statements.

Step 9 Journalized and post the closing entries.

Step 10 Prepare a post-closing trial balance.

				Kelly Consulting
			End-of-Period Spreadsheet
		For the Month Ended April 30, 2016
	Unadjusted				Adjusted
	Trial Balance		Adjustments		Trial Balance		Income Statement		Balance Sheet
	DR	CR	DR	CR	DR	CR	DR	CR	DR	CR
Cash
Accounts Receivable
Supplies
Prepaid Rent
Prepaid Insurance
Office Equipment
Accumulated Depreciation
Accounts Payable
Salaries Payable
Unearned Fees
Common Stock
Dividends
Fees Earned
Salary Expense
Rent Expense
Supplies Expense
Depreciation Expense
Insurance Expense
Miscellaneous Expense