Kelly Pitney began her consulting business, Kelly consulting, on April 1, 2014
Kelly Pitney started her consulting enterprise, Kelly consulting, on April 1, 2014.Throughout Might, Kelly Consulting entered into the next transactions: Might three. Recieved money from purchasers as an advance cost for providers to be offered and recorded it as unearned charges, $4550. Might 5. Recieved money from purchasers on account, $2450. Might 9. Paid money for a newspaper commercial, $225. Might 13. Paid Workplace Station Co. for a part of the debt incurred on April 5, $640. Might 15. Recorded providers offered on account for the interval of Might 1-15, $9180. Might 16. Paid part-time receptionist for 2 weeks' wage together with the quantity owed on April 30, $750. Might 17. Recorded money from money purchasers for charges earned throughout the interval Might 1-16, $8360. Might 20. Bought provides on account, $735. Might 21. Recorded providers offered on account for the interval Might 16-20, $4820. Might 25. Recorded money from money purchasers for charges earned for the interval Might 17-23, $7900. Might 27. Recieved money from purchasers on account, $9520 Might 28. Paid part-time receptionist for 2 weeks' wage,$750. Might 30. Paid phone invoice for Might, $26. Might 31. Paid electrical energy invoice for Might, $3300. Might 31. Recorded money from money purchasers for charges earned for the interval Might 26-31, $3300 Might 31. Recorded providers offered on account for the rest of Might, $2650. Might 31. Kelly Withdrew $10,500 for private use.INSTUCTIONS:1. The chart of accounts for Kelly Consulting is proven on web page 164, and the post-closing tial steadiness as of April 30, 2014, is proven on web page 171. (I'll present these on the finish of query) For every account within the post-closing trial steadiness, enter the steadiness enter the the steadiness within the acceptable Steadiness column of a four-column account. Date the balances Might 1, 2014, and place a verify mark within the publish reference coulmn. Journalize every of the Might transactions in a two- column journal utilizing Kelly Consulting's chart of accounts. (don't insert the account numbers within the journal at the moment.)2. Submit the journal to a ledger of four-column accounts.three. Put together and unadjusted trial steadiness. four. On the finish of Might, THE FOLLOWING ADJUSTMENTDATA WERE ASSEMBLED. aNALYZE AND USE THESE DATA TO COMPLETE PARTS (5) and (6). a. insurance coverage expired throughout might is $275. b. provides available on Might 31 are $715 c. Depreciation of workplace tools for Might is $330. d. Accrued receptionist wage on Might 31 is $325. e. Hire expiredd throughout Might is 1,600. f. Unearned charges on Might 31 are $3210. 6. Journalize and publish the adjusting entries. Gadgets from web page 171 debt balances money = 22100 accounts receivable=3400 provides 1350 pay as you go lease 3200 pay as you go ins 1500 workplace tools 14500 credit score balances accumlAted dep 330 accounts payable 800 salaries payable 120 unearned charges 2500 kelly pitney capital 46050 Gadgets from pg 164 11-cash 12-accounts receiveable 14-supplies 15 pay as you go lease 16 pay as you go ins 18 workplace equip 19 acc depreciat 21 accounts payable 22 salaries payable 23 unearned charges 31 capital 33 earnings abstract 41 charges earned 51 salaries expense 53 provide expense 54 dep expense 55 ins expense 59 misc bills