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The following is ai comprehensive problem which encompassats all of the elements learned in previous chapterni. You can teler to the objectives for e. chapter
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The following is ai comprehensive problem which encompassats all of the elements learned in previous chapterni. You can teler to the objectives for e. chapter covered as in review of the concepts. Notei You mist complete parts 1 , 2 and 3 before completing parts 4 and 6 . Please note that pires is optional. Part 4 : At the end of May, the following adjustment data were assembled. Analyze and use thesd data to complete parts (S) and (6) a. Insurance expared dunme Mivy is $275 . b. Supplies on hand on May 31 are $715 . C. Depreciation of office equ?ment for May is $330 . d. Accrued receptionist salary on May 31 is $325 . c. Rent expired durung May is $1 , 600 , 1. Unearned fees on May 31 are $3 , 210 . Part 6: Joumalize the adjusting entries. Then, post the entries to the attached spreadsheet from part 2 . a. Insurance expired during Misy is 5275 . 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 . Comprehensive Problem 1. Part: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. Kelly Pitney began her consulting business, Kelly Consulting, on April 1,20 , 8 . The chart of accounts for Kelly Consulting is shown below: The post-closing trial balance as of April 30 , 20 Y 8 , is shown below: The post-closing trial balance as of April 30 , 20 Y 8 , is shown below: Required: Joumalize each of the May transactions using Kelly Consulting's chart of accounts. (Do not insert the account numbers in the Post. Ref. column of the joumal at this time.) If an amount box does not require an entry, leave it blank. May 3: Received cash from clients as an advance payment for services to be provided and recorded it as unearned fees, $4 , 500 . May 5: Received cash from clients on account, $2 , 450. May 9: Paid cash for a newspaper advertisement, $225. May 13: Paid Office Station Co. for part of the debt incurred on April 5 , $640. May 15: Recorded services provided on account for the period May 1 ? 15 , $9 , 180. May 16: Paid part-time receptionist for two weeks' salary including the amount owed on April 3 May 17: Recorded cash from cash clients for fees earned during the period May 1 ? 16 , $8 , 360 . May 17: Recorded cash from cash clients for fees earned during the period May 1 ? 16 , $8 , 361 May 20: Purchased supplies on account, $735. May 21: Recorded services provided on account for the period May 16 ? 20 , $4 , 820 . May 25: Recorded cash from cash clients for fees earned for the period May 17 ? 23 , 57 , 900 . May 25: Recorded cash from cash clients for fees earned for the period Mav 17 ? 23 , ? 7 anj May 27: Received cash from clients on account, $9 , 520. May 28: Paid part-time receptionist for two weeks' salary, $750. May 30: Paid telephone bill for May, $260 . May 31: Recorded cash from cash clients for fees earned for the period May 26 ? 31 , $3 , 300 . May 31: Recorded services provided on account for the remainder of May, $2 , 650 . May 31: Paid dividends, $10 , 500 . The following is a comprehensive problem which encompasses all of the elements leamed in previous chapters. You can refer to the objectives for each chapter covered as a review of the concepts. Note: You must complete part 1 before completing parts 2 and 3. Part 2: Using the attached spreadsheet, post the journal entries from part 1 to a ledger of fourcolumn accounts. Part 3: Prepare an unadjusted trial balance. If an amount box does not require an entry, leave it blank. The following is ai comprehensive problem which encompassats all of the elements learned in previous chapterni. You can teler to the objectives for e. chapter covered as in review of the concepts. Notei You mist complete parts 1 , 2 and 3 before completing parts 4 and 6 . Please note that pires is optional. Part 4 : At the end of May, the following adjustment data were assembled. Analyze and use thesd data to complete parts (S) and (6) a. Insurance expared dunme Mivy is $275 . b. Supplies on hand on May 31 are $715 . C. Depreciation of office equ?ment for May is $330 . d. Accrued receptionist salary on May 31 is $325 . c. Rent expired durung May is $1 , 600 , 1. Unearned fees on May 31 are $3 , 210 . Part 6: Joumalize the adjusting entries. Then, post the entries to the attached spreadsheet from part 2 . a. Insurance expired during Misy is 5275 . 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 . Comprehensive Problem 1. Part: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. Kelly Pitney began her consulting business, Kelly Consulting, on April 1,20 , 8 . The chart of accounts for Kelly Consulting is shown below: The post-closing trial balance as of April 30 , 20 Y 8 , is shown below: The post-closing trial balance as of April 30 , 20 Y 8 , is shown below: Required: Joumalize each of the May transactions using Kelly Consulting's chart of accounts. (Do not insert the account numbers in the Post. Ref. column of the joumal at this time.) If an amount box does not require an entry, leave it blank. May 3: Received cash from clients as an advance payment for services to be provided and recorded it as unearned fees, $4 , 500 . May 5: Received cash from clients on account, $2 , 450. May 9: Paid cash for a newspaper advertisement, $225. May 13: Paid Office Station Co. for part of the debt incurred on April 5 , $640. May 15: Recorded services provided on account for the period May 1 ? 15 , $9 , 180. May 16: Paid part-time receptionist for two weeks' salary including the amount owed on April 3 May 17: Recorded cash from cash clients for fees earned during the period May 1 ? 16 , $8 , 360 . May 17: Recorded cash from cash clients for fees earned during the period May 1 ? 16 , $8 , 361 May 20: Purchased supplies on account, $735. May 21: Recorded services provided on account for the period May 16 ? 20 , $4 , 820 . May 25: Recorded cash from cash clients for fees earned for the period May 17 ? 23 , 57 , 900 . May 25: Recorded cash from cash clients for fees earned for the period Mav 17 ? 23 , ? 7 anj May 27: Received cash from clients on account, $9 , 520. May 28: Paid part-time receptionist for two weeks' salary, $750. May 30: Paid telephone bill for May, $260 . May 31: Recorded cash from cash clients for fees earned for the period May 26 ? 31 , $3 , 300 . May 31: Recorded services provided on account for the remainder of May, $2 , 650 . May 31: Paid dividends, $10 , 500 . The following is a comprehensive problem which encompasses all of the elements leamed in previous chapters. You can refer to the objectives for each chapter covered as a review of the concepts. Note: You must complete part 1 before completing parts 2 and 3. Part 2: Using the attached spreadsheet, post the journal entries from part 1 to a ledger of fourcolumn accounts. Part 3: Prepare an unadjusted trial balance. If an amount box does not require an entry, leave it blank
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