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 trial balance. If an amount box does not require an entry, leave it blank.

Kelly Consulting Post-Closing Trial Balance May 31, 20Y8
Account Title	Debit Balances	Credit Balances
Accounts PayableAccumulated DepreciationCashCommon StockSalary ExpenseCash	fill in the blank 2	fill in the blank 3
Accounts ReceivableAccumulated DepreciationKelly Pitney, DrawingRent ExpenseSalaries PayableAccounts Receivable	fill in the blank 5	fill in the blank 6
Fees EarnedMiscellaneous ExpenseSuppliesSupplies ExpenseUnearned FeesSupplies	fill in the blank 8	fill in the blank 9
Accumulated DepreciationCommon StockPrepaid RentRent ExpenseSalaries PayablePrepaid Rent	fill in the blank 11	fill in the blank 12
Accounts PayableInsurance ExpenseKelly Pitney, DrawingPrepaid InsuranceUnearned FeesPrepaid Insurance	fill in the blank 14	fill in the blank 15
Accumulated DepreciationCommon StockOffice EquipmentSalaries PayableSupplies ExpenseOffice Equipment	fill in the blank 17	fill in the blank 18
Accounts ReceivableAccumulated DepreciationCashDepreciation ExpenseOffice EquipmentAccumulated Depreciation	fill in the blank 20	fill in the blank 21
Accounts PayableCashKelly Pitney, DrawingOffice EquipmentRent ExpenseAccounts Payable	fill in the blank 23	fill in the blank 24
Accounts ReceivableFees EarnedOffice EquipmentSalaries PayableSalary ExpenseSalaries Payable	fill in the blank 26	fill in the blank 27
CashFees EarnedMiscellaneous ExpenseOffice EquipmentUnearned FeesUnearned Fees	fill in the blank 29	fill in the blank 30
Accounts PayableCommon StockInsurance ExpenseOffice EquipmentPrepaid RentCommon Stock	fill in the blank 32	fill in the blank 33
Accounts PayableInsurance ExpenseOffice EquipmentPrepaid RentRetained EarningsRetained Earnings	fill in the blank 35	fill in the blank 36
	fill in the blank 37	fill in the blank 38