Question
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
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 |
Accounts PayableAccumulated DepreciationCashCommon StockSalary Expense | fill in the blank 2 | fill in the blank 3 |
Accounts ReceivableAccumulated DepreciationRent ExpenseRetained EarningsSalaries Payable | fill in the blank 5 | fill in the blank 6 |
Fees EarnedMiscellaneous ExpenseSuppliesSupplies ExpenseUnearned Fees | fill in the blank 8 | fill in the blank 9 |
Accumulated DepreciationCommon StockPrepaid RentRent ExpenseSalaries Payable | fill in the blank 11 | fill in the blank 12 |
Accounts PayableInsurance ExpensePrepaid InsuranceRetained EarningsUnearned Fees | fill in the blank 14 | fill in the blank 15 |
Accumulated DepreciationCommon StockOffice EquipmentSalaries PayableSupplies Expense | fill in the blank 17 | fill in the blank 18 |
Accounts ReceivableAccumulated DepreciationCashDepreciation ExpenseOffice Equipment | fill in the blank 20 | fill in the blank 21 |
Accounts PayableCashOffice EquipmentRent ExpenseRetained Earnings | fill in the blank 23 | fill in the blank 24 |
Accounts ReceivableFees EarnedOffice EquipmentSalaries PayableSalary Expense | fill in the blank 26 | fill in the blank 27 |
CashFees EarnedOffice EquipmentMiscellaneous ExpenseUnearned Fees | fill in the blank 29 | fill in the blank 30 |
Accounts PayableCommon StockInsurance ExpenseOffice EquipmentPrepaid Rent | fill in the blank 32 | fill in the blank 33 |
Accounts ReceivableAccumulated DepreciationRetained EarningsSalaries PayableUnearned Fees | fill in the blank 35 | fill in the blank 36 |
Accounts ReceivableAccumulated DepreciationDividendsSalaries PayableUnearned Fees | fill in the blank 38 | fill in the blank 39 |
Accounts ReceivableCashFees EarnedOffice EquipmentUnearned Fees | fill in the blank 41 | fill in the blank 42 |
Accounts ReceivableCommon StockSalaries PayableSalary ExpenseUnearned Fees | fill in the blank 44 | fill in the blank 45 |
Accounts PayableAccumulated DepreciationPrepaid RentRent ExpenseSalaries Payable | fill in the blank 47 | fill in the blank 48 |
Accumulated DepreciationPrepaid InsuranceSalaries PayableSuppliesSupplies Expense | fill in the blank 50 | fill in the blank 51 |
Accounts ReceivableAccumulated DepreciationCommon StockDepreciation ExpenseUnearned Fees | fill in the blank 53 | fill in the blank 54 |
Accounts PayableInsurance ExpensePrepaid InsuranceSalaries PayableUnearned Fees | fill in the blank 56 | fill in the blank 57 |
CashCommon StockMiscellaneous ExpenseRetained EarningsUnearned Fees | fill in the blank 59 | fill in the blank 60 |
fill in the blank 61 | fill in the blank 62 |
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