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. 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.

   Account Name	Post. Ref.	Debit	Credit

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

   Account Name	Post. Ref.	Debit	Credit

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

   Account Name	Post. Ref.	Debit	Credit

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

   Account Name	Post. Ref.	Debit	Credit

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

   Account Name	Post. Ref.	Debit	Credit

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

   Account Name	Post. Ref.	Debit	Credit