This is all one Question: Requirements- -Journal Entries -Unadjusted Trial Balance -Adjusted Trial Balance (everything should be in the format as above)

Kelly Pitney began her consulting business, Kelly Consulting, on April 1, 2018. The accounting cycle for Kelly Consulting for April, including financial statements, was illustrated in this chapter. During May, Kelly Consulting entered into the following transactions: May 3 Received cash from clients as an advance payment for services to be provided and recorded it as unearned fees, $4,500. Received cash from clients on account, $2,450. w 5 9 Paid cash for a newspaper advertisement, $225. Paid Office Station Co. for part of the debt incurred on April 5, $640. 13 15 16 Recorded services provided on account for the period May 1-15, $9.180. Paid part-time receptionist for two weeks' salary including the amount owed on April 30, $750. Recorded cash from cash clients for fees earned during the period May 1-16, $8,360. 17 Record the following transaction Record the following transactions on Page 6 of the journal May 20 Purchased supplies on account, $735 21 Recorded services provided on account for the period May 16-20, S4,820 25 Recorded cash from cash clients for fees earned for the period May 17-23, S7,900 27 Received cash from clients on account, 59,520. 28 Paid part-time receptionist for two weeks' salary, $750. 30 Paid telephone bill for May, $260. Paid electricity bill for May. $810 31 31 Recorded cash from cash clients for fees earned for the period May 2631. $3,300, Recorded services provided on account for the remainder of May, $2.650 31 31 Paid dividends. $10.500 Instructions Required: 1. The chart of accounts is shown in a separate panel and the post-closing trial balance as of April 30, 2018, is shown below. A. Download the spreadsheet in the Ledger panel and save the Excel file to your computer. Be sure to save your work in Excel as it will be used to complete the following steps in Part 1 of this problem as well as steps in Part 2 of this problem. Your input into the spreadsheet will not be included in your grade in CengageNOW on this problem. For each accoun count yn the post-closing trial balance, enter the balance in the appropriate Balance column of the four-column account. Date the balances May 1, enter Balance in the item column and select a check mark in the Posting Reference column. B. Journalize each of the May transactions in the two-column journal starting on Page 5 of the journal. Refer to the Chart of Accounts for exact wording of account titles. (Do not insert the account numbers in the journal at this time.) 2. Post the journal entries on pages 5 and 6 of the journal to the ledger of four-column accounts. Enter the appropriate Posting References in the journal and the ledger. No entry is necessary in the item column. 3. Prepare an unadjusted trial balance. 4. At the end of May, the following adjustment data were assembled. Analyze and use these data to complete parts (5) and (6). Insurance expired during May is $275. Supplies on hand on May 31 are $715. Depreciation of office equipment for May is $330. Instructions 4. At the end of May, the following adjustment data were assembled. Analyze and use these data to complete parts (5) and (6). Insurance expired during May is $275. Supplies on hand on May 31 are $715. Depreciation of office equipment for May is $330. Accrued receptionist salary on May 31 is $325. Rent expired during May is $1,600. Unearned fees on May 31 are $3,210. 5. (Optional) On your own paper or spreadsheet, enter the unadjusted trial balance on a 10-column end-of-period spreadsheet (work sheet), and complete the spreadsheet 6. A. Journalize the adjusting entries on Page 7 of the journal. Refer to the Chart of Accounts for exact wording of account titles. B. Post the adjusting entries to the ledger. Enter the appropriate Posting References in the journal and the ledger. No entry is necessary in the item column 7. Prepare an adjusted trial balance Kelly Consulting POST-CLOSING TRIAL BALANCE April 30, 2018 ACCOUNT TITLE DEBIT CREDIT 1 Cash 22,100.00 2 Accounts Receivable 3,400.00 3 Supplies 1,350.00 4 Prepaid Rent 3,200.00 5 Prepaid Insurance 1,500.00 6 Office Equipment 14,500.00 7 Accumulated Depreciation 330.00 800.00 8 Accounts Payable 9 Salaries Payable 120.00 10 Unearned Fees 2,500.00 Instructions Tiepalu neng DZUULUU 5 Prepaid Insurance 1,500.00 6 Office Equipment 14,500.00 1 Accumulated Depreciation 330.00 8 Accounts Payable 800.00 9 Salaries Payable 120.00 10 Unearned Fees 2.500.00 11 Common Stock 50,000.00 12 Retained Earnings 12,500.00 13 Dividends 14 Income Summary 15 Totals 46,050.00 46.050.00 Instructions Chart of Accounts CHART OF ACCOUNTS 6 Kelly Consulting 7 General Ledger 8 9 ASSETS REVENUE 10 11 Cash 41 Fees Earned > 12 Accounts Receivable 11 14 Supplies EXPENSES 12 15 Prepaid Rent 51 Salary Expense 15 52 Rent Expense 14 16 Prepaid Insurance 18 Office Equipment 53 Supplies Expense 13 19 Accumulated Depreciation 54 Depreciation Expense 55 Insurance Expense LIABILITIES 59 Miscellaneous Expense 21 Accounts Payable Chart of Accounts 5 18 Office Equipment 53 Supplies Expense 6 19 Accumulated Depreciation 54 Depreciation Expense 7 55 Insurance Expense 18 LIABILITIES 59 Miscellaneous Expense 21 Accounts Payable 10 22 Salaries Payable 11 23 Unearned Fees 12 EQUITY 13 31 Common Stock 14 32 Retained Earnings 19 33 Dividends 34 Income Summary JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY 1 2 3 ho 2 5 6 7 9 10 Unadjusted Trial Balance 3. Prepare an unadjusted trial balance. Accounts with zero balances can be left blank. 0 Kelly Consulting UNADJUSTED TRIAL BALANCE May 31, 2018 ACCOUNT TITLE DEBIT CREDIT 1 Cash 2 Accounts Receivable Supplies 4 Prepaid Rent 5 Prepaid Insurance 6 Office Equipment 7 Accumulated Depreciation Ins Unadjusted Trial Balance 8 Accounts Payable Jou Led 9 Salaries Payable 10 Unearned Fees Doy 11 Common Stock of fil 12 Retained Earnings in A 13 Dividends 14 Fees Earned 15 Salary Expense 16 Rent Expense 17 Supplies Expense 18 Depreciation Expense 19 Insurance Expense 20 Miscellaneous Expense 21 Totals Chaded Jou Adjusted Trial Balance 7. Prepare an adjusted trial balance. Accounts with zero balances can be left blank. Led 10 DOU 11 of fl Kelly Consulting in F ADJUSTED TRIAL BALANCE 15 May 31, 2018 14 ACCOUNT TITLE DEBIT CREDIT 151 Cash 16 2 Accounts Receivable 17 Supplies 4 Prepaid Rent 19 Prepaid Insurance 20 6 Office Equipment 7 Accumulated Depreciation Unadjusted Trial Balance 3 Accounts Payable 9 Salaries Payable 10 Unearned Fees 11 Common Stock 12 Retained Earnings 13 Dividends 14 Fees Earned 15 Salary Expense 16 Rent Expense 17 Supplies Expense 18 Depreciation Expense 19 Insurance Expense 20 Miscellaneous Expense 21 Totals