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 and 3 before completing parts 4 and 6. Please note that part 5 is optional.

Part 4: At the end of May, the following adjustment data were assembled. Analyze and use 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 $325. e. Rent expired during May is $1,600. f. Unearned fees on May 31 are $3,210.

Part 6: Journalize the adjusting entries. Then, post the entries to the attached spreadsheet from part 2.

a. Insurance expired during May is $275.

Date	Account Name	Post. Ref.	Debit	Credit
May 31	Insurance Expense		fill in the blank 2	fill in the blank 3
	Prepaid Insurance		fill in the blank 5	fill in the blank 6

b. Supplies on hand on May 31 are $715.

Date	Account Name	Post. Ref.	Debit	Credit
May 31	Supplies Expense		fill in the blank 8	fill in the blank 9
	Supplies		fill in the blank 11	fill in the blank 12

c. Depreciation of office equipment for May is $330.

Date	Account Name	Post. Ref.	Debit	Credit
May 31	Depreciation Expense		fill in the blank 14	fill in the blank 15
	Accumulated Depreciation		fill in the blank 17	fill in the blank 18

d. Accrued receptionist salary on May 31 is $325.

Date	Account Name	Post. Ref.	Debit	Credit
May 31	Salary Expense		fill in the blank 20	fill in the blank 21
	Salaries Payable		fill in the blank 23	fill in the blank 24

e. Rent expired during May is $1,600.

Date	Account Name	Post. Ref.	Debit	Credit
May 31	Rent Expense		fill in the blank 26	fill in the blank 27
	Prepaid Rent		fill in the blank 29	fill in the blank 30

f. Unearned fees on May 31 are $3,210.

Date	Account Name	Post. Ref.	Debit	Credit
May 31	Unearned Fees		fill in the blank 32	fill in the blank 33
	Fees Earned		fill in the blank 35	fill in the blank 36

Comprehensive Problem 1 Part 7: 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, and 6 before completing part 7. Part 5 is optional. Prepare an adjusted trial balance. If an amount box does not require an entry, leave it blank.

Kelly Consulting Adjusted Trial Balance May 31, 20Y8

Account Title	Debit Balances	Credit Balances
Cash
Accounts Receivable
Supplies
Prepaid Rent
Prepaid Insurance
Office Equiptment
Accumulated Depreciation
Accounts Payable
Salaries Payable
Unearnes Fees
Common Stock
Retained Earnings
Dividends
Fees Earned
Salary Expense
Rent Expense
Supplies Expense
Depreciation Expense
Insurance Expense
Miscellaneous Expense