Loading...

Messages

Proposals

Stuck in your homework and missing deadline? Get urgent help in $10/Page with 24 hours deadline

Get Urgent Writing Help In Your Essays, Assignments, Homeworks, Dissertation, Thesis Or Coursework & Achieve A+ Grades.

Privacy Guaranteed - 100% Plagiarism Free Writing - Free Turnitin Report - Professional And Experienced Writers - 24/7 Online Support

Comprehensive problem 1 kelly consulting

01/01/2021 Client: saad24vbs Deadline: 7 Days

Kelly Pitney began her consulting business, Kelly Consulting, P.C. on April 1, 2014. The accounting cycle for Kelly Consulting for April, including financial statements, was illustrated on pages 163-173. 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, $4500.


May 5. Received cash from clients on account, $2450.


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 of May 1-15, $9180.


May 16. Paid part-time receptionist for two weeks' salary including the amount owed on April 30, $750.


May 17. Recorded cash from cash clients for fees earned during the period May 1-16, $8360.




Record the following on Page 6 of the journal:


May 20. Purchased supplies on account, $735.


May 21. Recorded services provided on account for the period May 16-20, $4820.


May 25. Recorded cash from cash clients for fees earned for the period May 17-23, $7900.


May 27. Received cash from clients on account, $9520


May 28. Paid part-time receptionist for two weeks' salary, $750.


May 30. Paid telephone bill for May, $260.


May 31. Paid electricity bill for May, $810.


May 31. Recorded cash from cash clients for fees earned for the period May 26-31, $3300


May 31. Recorded services provided on account for the remainder of May, $2650.


May 31. Paid dividends $10,500.




INSTUCTIONS:


1. The chart of accounts for Kelly Consulting is shown on page 164, and the post-closing trial balance as of April 30, 2014, is shown on page 171. For each account in the post-closing trial balance, enter the balance enter the balance in the appropriate Balance column of a four-column account. Date the balances May 1, 2014, and place a check mark in the post reference column. Journalize each of the May transactions in a two- column journal using Kelly Consulting's chart of accounts. (Do not insert the account numbers in the journal at this time.)




2. Post the journal to a ledger of four-column accounts.




3. Prepare and 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).


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 $3210.






5. (Optional). Enter the unadjusted trial balance on an end-of-period spreadsheet (worksheet) and complete the spreadsheet




6. Journalize and post the adjusting entries. Record the adjusting entries on page 7 of the journal.


7. Prepare an adjusted trial balance.


8. Prepare an income statement, retained earnings statement, and balance sheet.


9. Prepare and post the closing entries. Record the closing entries on page 8 of the journal (Income summary account is #34 in the chart of accounts). Indicate closed accounts by inserting a line in both the Balance columns opposite the closing entry.




10. Prepare post-closing trial balance.




Check figure: Net Income $33,425



Homework is Completed By:

Writer Writer Name Amount Client Comments & Rating
Instant Homework Helper

ONLINE

Instant Homework Helper

$36

She helped me in last minute in a very reasonable price. She is a lifesaver, I got A+ grade in my homework, I will surely hire her again for my next assignments, Thumbs Up!

Order & Get This Solution Within 3 Hours in $25/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 3 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 6 Hours in $20/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 6 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 12 Hours in $15/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 12 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

6 writers have sent their proposals to do this homework:

Coursework Assignment Help
Helping Hand
Quick Mentor
Smart Accountants
Accounting Homework Help
Top Essay Tutor
Writer Writer Name Offer Chat
Coursework Assignment Help

ONLINE

Coursework Assignment Help

Hey, I have gone through your job posting and become very much interested in working with you.I can deliver professional content as per your requirements. I am a multi-skilled person with sound proficiency in the English language for being a native writer who worked on several similar projects of content writing and can deliver quality content to tight deadlines. I am available for both online and offline writing jobs with the promise of offering an incredibly responsive and supreme level of customer service. Thanks!

$135 Chat With Writer
Helping Hand

ONLINE

Helping Hand

I am an Academic writer with 10 years of experience. As an Academic writer, my aim is to generate unique content without Plagiarism as per the client’s requirements.

$140 Chat With Writer
Quick Mentor

ONLINE

Quick Mentor

Hey, I have gone through your job posting and become very much interested in working with you.I can deliver professional content as per your requirements. I am a multi-skilled person with sound proficiency in the English language for being a native writer who worked on several similar projects of content writing and can deliver quality content to tight deadlines. I am available for both online and offline writing jobs with the promise of offering an incredibly responsive and supreme level of customer service. Thanks!

$135 Chat With Writer
Smart Accountants

ONLINE

Smart Accountants

I feel, I am the best option for you to fulfill this project with 100% perfection. I am working in this industry since 2014 and I have served more than 1200 clients with a full amount of satisfaction.

$135 Chat With Writer
Accounting Homework Help

ONLINE

Accounting Homework Help

I can help you with your homework & assignments to get A grade. I have helped several students multiple fields such as marketing, SWOT, PESTEL, Finance, Law, Sociology and Psychology. I know how to structure and format content with different writing styles such as MLA, APA, & Harvard. Please try me once at least. You will be satisfied.

$135 Chat With Writer
Top Essay Tutor

ONLINE

Top Essay Tutor

I have more than 12 years of experience in managing online classes, exams, and quizzes on different websites like; Connect, McGraw-Hill, and Blackboard. I always provide a guarantee to my clients for their grades.

$145 Chat With Writer

Let our expert academic writers to help you in achieving a+ grades in your homework, assignment, quiz or exam.

Similar Homework Questions

The flowers by alice walker theme - Course 1 chapter 10 statistical measures and displays answers - Macquarie flexi 100 trust performance - Lesion method of studying the brain - Thomas clarkson community college - How much does an elan system cost - Matrix year 11 english - Communication2 - Hamlet's blackberry chapter 11 summary - A credit sale of $2,500 to a customer would result in: - Port pirie dump times - Cell organelles worksheet page 3 - Research design worksheet psychology - Spanky assiter leaves barrett jackson - Assignment - Event management policy template - Conclusion for superposition theorem - What is sony's mission statement - Cheltenham hospital eye clinic - Summarize god's statements in genesis 2 16 18 - Research project need it by oct 12 - Why should we ban cell phones in school - Nassif md forehead line eraser reviews - Balbirnie oral care glenrothes - 51 dry street invermay - Term paper - Reciprocal lattice of bcc is fcc proof - Class3w1a1 - Moving data from teradata to hadoop - Analysis draft paper - Www testingforschools com code - How to find variable cost with contribution margin ratio - DSM 5 diagnosing - What did thoreau have in common with john thornton in the call of the wild? - Cilex qualifying employment reference - Ibm svc simulator download - BUSM1100 Individual Case Study Report - Gazi university faculty of engineering - King of boot camps - Calculate the molecular mass - Write an argumentative essay about Santa claus - Prospective analysis financial statements - Audit program for accounts receivable - The power of five john c maxwell - Psy: Teaching and Learning - Biology report - Diagnostic radiology job description - Ethics and Social Responsibility - 90 lakeshore drive north avoca - My english by julia alvarez questions and answers - Statistics 4 - The man he killed by thomas hardy summary - Importance of accounting ppt - Human experience across the health illness continuum - The giver part 1 - Assignment - Tawuniya basic b hospital list - Pelton wheel experiment lab report - The knight's tale canterbury tales pdf - Based on this chart, what is the marginal cost, in dollars, to produce four jackets? - 801/489 hunter street newcastle - Arguments for driverless cars - DB 1 L&E - Art research paper outline - Curriculum planning implementation and evaluation ppt - Good applicants with bad grammar - E learning plan template - PCC - Deliverable 1 - Attracting the Eyes of Viewers - Vaccine preventable diseases evidence certification form - Principles of organizational behaviour ppt - How to calculate fte for nursing - What is the exact value of sin - Storage networking fundamentals pdf free download - Telstra mobile wap internet sessions - The wrong bachelor alexandra moody vk - Advantages and disadvantages of interoperability in health information systems - Vcaa 2011 biology exam - For every person who has the flu - Ks3 mathematics 10 4 10 level 7 answers - Describe the evolution of information systems infrastructure. - Whose bones were buried in the promised land at shechem - Walmart globalization - Bcc small lot code - Describe the basic characteristics of a variable annuity - Room on the broom story powerpoint - Responses for wk 7 Treating Sleep Disorders - Autocount chapter 10 assignment 2 answer - Ted macarthur forensic files - How to ask about general symptoms on shadow health - Accuracy and precision ppt - The anticodon of a particular trna molecule is - Wk 2 Discussion – Communication in Project Management [due Thurs] - Ronan mccourt solicitor dungannon - College softball field dimensions - 20b smith street reservoir - Codeblocks 16.01 mingw setup exe download - Chick fil a strategic plan - Understanding labor practices worksheet mgt 434 - Johnson street bridge cam