Answer Happy

eBook The Tonowing is a comprehensive proctem 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, 2019. The accounting cyde for Kelly Consulting for April, Including financial statements, was illustrated in this chapter. During May, Kelly Consulting entered into the following transactions. The chart of accounts for Kelly Consulting is shown below: 11 Cash 31 Kelly Pitney, Capital 12 Accounts Receivable 32 Kelly Pitney, Drawing 14 Supples 33 Income Summary 15 Prepaid Rent 41 Fees Earned 10 Prepaid Insurance 31 Salary Expense 18 Office Equipment 52 Rant Expense 19 Accumulated Depreciation 53 Supplies Expense 21 Accounts Payable 54 Depreciation Expense 22 evable 55 Insurance Expense 23 Uneamed Fees 59 Miscellaneous Expense The post-doning trial balance as of Apr 30, 2019 Required: Journalize each of the May transactions using Kelly Consulting's chart of accounts. (De nat insert the account numbers in the Post af, column of the trenal at this time for contraction an amount boce of miles en antry, lex
The post closing trial balance as of April 30, 2019 Required: Journalize 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 Journal at this time.) For a compound transaction, 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, Description Post. Ref. Debit Credit May 5: Received cash from clients on account, $2.450. Description Post. Ref. May 9: Paid cash for a newspaper advertisement. $225 Description Post. Rel. Debit Debit Credit Credit
^ May 9: Paid cash for a newspaper advertisement, $225. Description Post. Ref. Debit Credit May 13: Paid Office Station Co. for part of the debt incurred on April 5, 5640. Description Post, Ref. Debit Credit May 15: Provided services on account for the period May 1-15, 19.180. Description Post. Ref. Debit Credit May 16: Paid part-time receptionist for two weeks salary including the amount ewed on April 30, 5750 Description Post. Ref. Debit Credit
May 16: Paid part-time receptionist for two weeks' salary including the amount owed on April 30, $750. Description Post. Ref. Debit Credit May 17: Received cash from cash clients for fees earned during the period May 1-16, $8.350. Description Post. Ref. Debit Credit May 20: Purchased supplies on account, $735. Description Post. Ref. Debit Credit May 21: Provided services on account for the period Hav 15-20, $4.020. 4
May 21: Provided services on account for the period May 16-20, $4,820. Description Post. Ref. Debit Credit May 25: Received cash from cash clients for fees earned for the period May 17-23, $7,900.. Description Post. Ref. Debit Credit May 27: Received cash from clients on account, $9,520. Description Post. Ref. Debit Credit May 28: Paid part-time receptionist for two weeks salary, $750. Description Post. Ref. Debit Credit
< May 28: Paid part-time receptionist for two weeks' salary, $750. Description Post. Ref. Debit May 30: Paid telephone bill for May, $260. Description Debit May 31: Paid electricity bill for May, $810. Description Post. Ref. Debit Credit May 31: Received cash from cash clients for fees earned for the period May 26-31, $3,300. Description Post. Ref. Debit Credit Post. Ref. Credit Credit
May 31: Received cash from cash clients for fees earned for the period May 26-31, $3,300. Description Post. Ref. Debit Credit May 31: Provided services on account for the remainder of May, $2,650. Description Post. Ref. Debit Credit May 31: Kelly withdrew $10,500 for personal use. Description Post. Ref. Debit Credit