accounting

Anonymous
timer Asked: May 16th, 2016
account_balance_wallet $90

Question description

Part 1
Comprehensive Problem 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, P.C., on April 1, 2014. The chart of accounts for Kelly Consulting is shown below:

[img height="194" src="http://sjc.cengagenow.com/ilrn/books/wrfm12h/images/bonus/wrfm12h_cp1_c1p1b1.gif" width="388">


[img height="410" src="http://sjc.cengagenow.com/ilrn/books/wrfm12h/images/bonus/wrfm12h_cp1_c1p1b.gif" width="844">

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.

DescriptionPost. Ref.DebitCredit
Cash4500
Unearned Fees4500

May 5:  Received cash from clients on account, $2,450.

DescriptionPost. Ref.DebitCredit
Cash2450
Accounts Receivable2450

May 9:  Paid cash for a newspaper advertisement, $225.

DescriptionPost. Ref.DebitCredit
Miscellaneous Expense225
Cash225

May 13:  Paid Office Station Co. for part of the debt incurred on April 5, $640.

DescriptionPost. Ref.DebitCredit
Accounts Payable640
Cash640

May 15:  Recorded services provided on account for the period May 1–15, $9,180.

DescriptionPost. Ref.DebitCredit
Accounts Receivable9180
Fees Earned9180

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

DescriptionPost. Ref.DebitCredit
Salary Expense630blank
Salaries Payable120blank
Cashblank750

May 17:  Recorded cash from cash clients for fees earned during the period May 1–16, $8,360.

DescriptionPost. Ref.DebitCredit
Cash8360
Fees Earned8360

May 20:  Purchased supplies on account, $735.

DescriptionPost. Ref.DebitCredit
Supplies735
Accounts Payable735

May 21:  Recorded services provided on account for the period May 16–20, $4,820.

DescriptionPost. Ref.DebitCredit
Accounts Receivable4820
Fees Earned4820

May 25:  Recorded cash from cash clients for fees earned for the period May 17–23, $7,900.

DescriptionPost. Ref.DebitCredit
Cash7900
Fees Earned7900

May 27:  Received cash from clients on account, $9,520.

DescriptionPost. Ref.DebitCredit
Cash9520
Accounts Receivable9520

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

DescriptionPost. Ref.DebitCredit
Salary Expense750
Cash750

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

DescriptionPost. Ref.DebitCredit
Miscellaneous Expense260
Cash260

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

DescriptionPost. Ref.DebitCredit
Miscellaneous Expense810
Cash810

May 31:  Recorded cash from cash clients for fees earned for the period May 26–31, $3,300.

DescriptionPost. Ref.DebitCredit
Cash3300
Fees Earned3300

May 31:  Recorded services provided on account for the remainder of May, $2,650.

DescriptionPost. Ref.DebitCredit
Accounts Receivable2650
Fees Earned2650

May 31:  Paid dividends, $10,500.

DescriptionPost. Ref.DebitCredit
Dividends10500
Cash10500

2.


Your answer:

Comprehensive Problem 1
Part 2 and Part 3:

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. 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 four-column accounts.

Part 3:  Prepare an unadjusted trial balance. If an amount box does not require an entry, leave it blank.

Kelly Consulting
Unadjusted Trial Balance
May 31, 2014
Account TitleDebitCredit
Cash22095blank
Accounts Receivable3400blank
Supplies1350blank
Prepaid Rent3200blank
Prepaid Insurance1500blank
Office Equipment14500blank
Accumulated Depreciationblank330
Accounts Payableblank1535
Salaries Payableblankblank
Unearned Feesblank4500
Capital Stockblank30000
Retained Earningsblank12300
Dividends10500blank
Fees Earnedblank36210
Salary Expense1380blank
Rent Expenseblankblank
Supplies Expenseblankblank
Depreciation Expenseblankblank
Insurance Expenseblankblank
Miscellaneous Expense1295blank
blankblank

3.


Your answer:

Comprehensive Problem 1 
Part 4 and Part 6:

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. Note: You must complete parts 1, 2 and 3 before completing parts 4 and 6. Please note that part 5 is optional.

Part 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 $3,210.

Part 6:  Journalize the adjusting entries. Then, post the entries to the attached spreadsheet from part 2.

a.  Insurance expired during May is $275.

Account NamePost. Ref.DebitCredit
Selectblank
Selectblank

b.  Supplies on hand on May 31 are $715.

Account NamePost. Ref.DebitCredit
Selectblank
Selectblank

c.  Depreciation of office equipment for May is $330.

Account NamePost. Ref.DebitCredit
Selectblank
Selectblank

d.  Accrued receptionist salary on May 31 is $325.

Account NamePost. Ref.DebitCredit
Selectblank
Selectblank

e.  Rent expired during May is $1,600.

Account NamePost. Ref.DebitCredit
Selectblank
Selectblank

f.  Unearned fees on May 31 are $3,210.

Account NamePost. Ref.DebitCredit
Selectblank
Selectblank

4.


Your answer:

Comprehensive Problem 1 
Part 5: Work Sheet

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. Note: You must complete parts 1, 2, 3, 4 before completing part 5.

Part 5: Enter the unadjusted trial balance on an end-of-period spreadsheet (work sheet) and complete the spreadsheet using the following adjustment data.

  1. Insurance expired during May is $275.
  2. Supplies on hand on May 31 are $715.
  3. Depreciation of office equipment for May is $330.
  4. Accrued receptionist salary on May 31 is $325.
  5. Rent expired during May is $1,600.
  6. Unearned fees on May 31 are $3,210.

If an amount box does not require an entry, leave it blank or enter "0".


Kelly Consulting
End-of-Period Spreadsheet (Work Sheet)
For the Month Ended May 31, 2014
Unadjusted Trial BalanceAdjustmentsAdjusted Trial BalanceIncome StatementBalance Sheet
Account TitleDebitCreditDebitCreditDebitCreditDebitCreditDebitCredit
Cashblankblankblankblankblankblankblankblankblankblank
Accounts Receivableblankblankblankblankblankblankblankblankblankblank
Suppliesblankblankblankblankblankblankblankblankblankblank
Prepaid Rentblankblankblankblankblankblankblankblankblankblank
Prepaid Insuranceblankblankblankblankblankblankblankblankblankblank
Office Equipmentblankblankblankblankblankblankblankblankblankblank
Accum. Depreciationblankblankblankblankblankblankblankblankblankblank
Accounts Payableblankblankblankblankblankblankblankblankblankblank
Salaries Payableblankblankblankblankblankblankblankblankblankblank
Unearned Feesblankblankblankblankblankblankblankblankblankblank
Capital Stockblankblankblankblankblankblankblankblankblankblank
Retained Earningsblankblankblankblankblankblankblankblankblankblank
Dividendsblankblankblankblankblankblankblankblankblankblank
Fees Earnedblankblankblankblankblankblankblankblankblankblank
Salary Expenseblankblankblankblankblankblankblankblankblankblank
Rent Expenseblankblankblankblankblankblankblankblankblankblank
Supplies Expenseblankblankblankblankblankblankblankblankblankblank
Depreciation Expenseblankblankblankblankblankblankblankblankblankblank
Insurance Expenseblankblankblankblankblankblankblankblankblankblank
Miscellaneous Expenseblankblankblankblankblankblankblankblankblankblank
blankblankblankblankblankblankblankblankblankblank
Net Incomeblankblankblankblankblankblankblankblankblankblank
blankblankblankblankblankblankblankblankblankblank

5.


Your answer:

Comprehensive Problem 1 
Part 7:

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. Note: You must complete parts 1, 2, 3, 4, and 6 before completing part 7. Part 5 is optional.

Prepare an adjusted trial balance. If an amount box does not require an entry, leave it blank or enter "0".

Kelly Consulting
Adjusted Trial Balance
May 31, 2014
Account TitleDebitCredit
  _________________    _________________    _________________  
  _________________    _________________    _________________  
  _________________    _________________    _________________  
  _________________    _________________    _________________  
  _________________    _________________    _________________  
  _________________    _________________    _________________  
  _________________    _________________    _________________  
  _________________    _________________    _________________  
  _________________    _________________    _________________  
  _________________    _________________    _________________  
  _________________    _________________    _________________  
  _________________    _________________    _________________  
  _________________    _________________    _________________  
  _________________    _________________    _________________  
  _________________    _________________    _________________  
  _________________    _________________    _________________  
  _________________    _________________    _________________  
  _________________    _________________    _________________  
  _________________    _________________    _________________  
  _________________    _________________    _________________  
  _________________    _________________  

6.


Your answer:

Comprehensive Problem 1 
Part 8:

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.

NOTE:   You must complete parts 1, 2, 3, 4, 6 and 7 before completing part 8. Part 5 is optional.

Prepare an income statement.


Kelly Consulting
Income Statement 
For the Month Ended May 31, 2014
  _________________    _________________  
Expenses:
  _________________    _________________  
  _________________    _________________  
  _________________    _________________  
  _________________    _________________  
  _________________    _________________  
  _________________    _________________  
    _________________    _________________  
  _________________    _________________  

Prepare a retained earnings statement.


Kelly Consulting
Retained Earnings Statement
For the Month Ended May 31, 2014
  _________________    _________________  
  _________________    _________________  
  _________________    _________________  
  _________________    _________________  
  _________________    _________________  

Prepare a balance sheet.


Kelly Consulting
Balance Sheet
May 31, 2014
AssetsLiabilities
Current assets:Current liabilities:
  _________________    _________________    _________________    _________________  
  _________________    _________________    _________________    _________________  
  _________________    _________________    _________________    _________________  
  _________________    _________________  
  _________________    _________________  Total liabilities  _________________  
Total current assets  _________________  
Property, plant, and equipment:Stockholders' Equity
  _________________    _________________    _________________    _________________  
  _________________    _________________    _________________    _________________  
Total property, plant, and equipment  _________________  Total stockholders' equity  _________________  
Total assets  _________________  Total liabilities and stockholders' equity  _________________  

7.


Your answer:

Comprehensive Problem 1 
Part 9:

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.

Note:  You must complete parts 1, 2, 3, 4, 6, 7 and 8 before completing part 9. Part 5 is optional.

Part 9:  Prepare the closing entries below. Then, using the attached spreadsheet from part 2, post the entries to your general ledger. (Income Summary is account #34 in the chart of accounts.) If an amount box does not require an entry, leave it blank or enter "0".


DateAccount NamePost. Ref.DebitCredit
2014
May 31  _________________    _________________    _________________  
  _________________    _________________    _________________  
May 31  _________________    _________________    _________________    _________________  
  _________________    _________________    _________________    _________________  
  _________________    _________________    _________________    _________________  
  _________________    _________________    _________________    _________________  
  _________________    _________________    _________________    _________________  
  _________________    _________________    _________________    _________________  
  _________________    _________________    _________________    _________________  
May 31  _________________    _________________    _________________  
  _________________    _________________    _________________  
May 31  _________________    _________________    _________________  
  _________________    _________________    _________________  

8.


Your answer:

Part 10: 
Comprehensive Problem 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.

Note:  You must complete parts 1, 2, 3, 4, 6, 7, 8 and 9 before completing part 10. Part 5 is optional.

Prepare a post-closing trial balance. If an amount box does not require an entry, leave it blank or enter "0".


Kelly Consulting
Post-Closing Trial Balance 
May 31, 2014
Account TitleDebitCredit
  _________________    _________________    _________________  
  _________________    _________________    _________________  
  _________________    _________________    _________________  
  _________________    _________________    _________________  
  _________________    _________________    _________________  
  _________________    _________________    _________________  
  _________________    _________________    _________________  
  _________________    _________________    _________________  
  _________________    _________________    _________________  
  _________________    _________________    _________________  
  _________________    _________________    _________________  
  _________________    _________________    _________________  
  _________________    _________________  

Will verify answers upon completion.

Part 1 Comprehensive Problem 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, P.C., on April 1, 2014. The chart of accounts for Kelly Consulting is shown below: The post-closing trial balance as of April 30, 2014, is shown below: 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 Cash 4500 Unearned Fees 4500 May 5: Received cash from clients on account, $2,450. Description Post. Ref. Cash Debit Credit 2450 Accounts Receivable 2450 May 9: Paid cash for a newspaper advertisement, $225. Description Post. Ref. Miscellaneous Expense Debit Credit 225 Cash 225 May 13: Paid Office Station Co. for part of the debt incurred on April 5, $640. Description Post. Ref. Accounts Payable Debit Credit 640 Cash 640 May 15: Recorded services provided on account for the period May 1–15, $9,180. Description Post. Ref. Accounts Receivable Debit Credit 9180 Fees Earned 9180 May 16: Paid part-time receptionist for two weeks' salary including the amount owed on April 30, $750. Description Post. Ref. Debit Credit Salary Expense 630 blank Salaries Payable 120 blank blank 750 Cash May 17: Recorded cash from cash clients for fees earned during the period May 1–16, $8,360. Description Post. Ref. Cash Debit Credit 8360 Fees Earned 8360 May 20: Purchased supplies on account, $735. Description Post. Ref. Supplies Debit Credit 735 Accounts Payable 735 May 21: Recorded services provided on account for the period May 16–20, $4,820. Description Accounts Receivable Fees Earned Post. Ref. Debit Credit 4820 4820 May 25: Recorded cash from cash clients for fees earned for the period May 17–23, $7,900. Description Post. Ref. Cash Debit Credit 7900 Fees Earned 7900 May 27: Received cash from clients on account, $9,520. Description Post. Ref. Debit Cash Credit 9520 Accounts Receivable 9520 May 28: Paid part-time receptionist for two weeks' salary, $750. Description Post. Ref. Salary Expense Debit Credit 750 Cash 750 May 30: Paid telephone bill for May, $260. Description Post. Ref. Debit Miscellaneous Expense Credit 260 Cash 260 May 31: Paid electricity bill for May, $810. Description Post. Ref. Debit Miscellaneous Expense Credit 810 Cash 810 May 31: Recorded cash from cash clients for fees earned for the period May 26–31, $3,300. Description Post. Ref. Cash Debit Credit 3300 Fees Earned 3300 May 31: Recorded services provided on account for the remainder of May, $2,650. Description Post. Ref. Debit Accounts Receivable Credit 2650 Fees Earned 2650 May 31: Paid dividends, $10,500. Description Dividends Cash 2. Your answer: Post. Ref. Debit Credit 10500 10500 Comprehensive Problem 1 Part 2 and Part 3: 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. 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. Kelly Consulting Unadjusted Trial Balance May 31, 2014 Account Title Debit Credit Cash 22095 blank Accounts Receivable 3400 blank Supplies 1350 blank Prepaid Rent 3200 blank Prepaid Insurance 1500 blank Office Equipment 14500 blank Accumulated Depreciation blank 330 Accounts Payable blank 1535 Salaries Payable blank blank Unearned Fees blank 4500 Capital Stock blank 30000 Retained Earnings blank 12300 Dividends 10500 blank Fees Earned blank 36210 Salary Expense 1380 blank Rent Expense blank blank Supplies Expense blank blank Depreciation Expense blank blank Insurance Expense blank blank Miscellaneous Expense 1295 blank blank blank 3. Your answer: Comprehensive Problem 1 Part 4 and Part 6: 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. Note: You must complete parts 1, 2 and 3 before completing parts 4 and 6. Please note that part 5 is optional. Part 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 $3,210. Part 6: Journalize the adjusting entries. Then, post the entries to the attached spreadsheet from part 2. a. Insurance expired during May is $275. Account Name Post. Ref. Select Debit Credit blank Select blank b. Supplies on hand on May 31 are $715. Account Name Post. Ref. Select Debit Credit blank Select blank c. Depreciation of office equipment for May is $330. Account Name Post. Ref. Select Debit Credit blank Select blank d. Accrued receptionist salary on May 31 is $325. Account Name Post. Ref. Select Debit Credit blank Select blank e. Rent expired during May is $1,600. Account Name Post. Ref. Select Debit Credit blank Select blank f. Unearned fees on May 31 are $3,210. Account Name Post. Ref. Select Select Debit Credit blank blank 4. Your answer: a. Comprehensive Problem 1 Part 5: Work Sheet 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. Note: You must complete parts 1, 2, 3, 4 before completing part 5. Part 5: Enter the unadjusted trial balance on an end-of-period spreadsheet (work sheet) and complete the spreadsheet using the following adjustment data. Insurance expired during May is $275. b. c. Supplies on hand on May 31 are $715. 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. If an amount box does not require an entry, leave it blank or enter "0". Account Title Cash Accounts Receivable Supplies Prepaid Rent Prepaid Insurance Office Equipment Accum. Depreciation Accounts Payable Salaries Payable Unearned Fees Capital Stock Retained Earnings Dividends Fees Earned Salary Expense Rent Expense Supplies Expense Depreciation Expense Insurance Expense Miscellaneous Expense Net Income blank blank blank blank blank blank blank blank blank blank blank blank blank blank blank blank blank blank blank blank blank blank blank Unadjusted Trial Balance Debit Credit blank blank blank blank blank blank blank blank blank blank blank blank blank blank blank blank blank blank blank blank blank blank blank Kelly Consulting End-of-Period Spreadsheet (Work She For the Month Ended May 31, 2014 Adjustments Adjusted Debit Credit Debit blank blank blank blank blank blank blank blank blank blank blank blank blank blank blank blank blank blank blank blank blank blank blank blank blank blank blank blank blank blank blank blank blank blank blank blank blank blank blank blank blank blank blank blank blank blank blank blank blank blank blank blank blank blank blank blank blank blank blank blank blank blank blank blank blank blank blank blank blank 5. Your answer: Comprehensive Problem 1 Part 7: 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. Note: You must complete parts 1, 2, 3, 4, and 6 before completing part 7. Part 5 is optional. Prepare an adjusted trial balance. If an amount box does not require an entry, leave it blank or enter "0". Kelly Consulting Adjusted Trial Balance May 31, 2014 Account Title Debit Credit _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ 6. Your answer: Comprehensive Problem 1 Part 8: 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. NOTE: You must complete parts 1, 2, 3, 4, 6 and 7 before completing part 8. Part 5 is optional. Prepare an income statement. Kelly Consulting Income Statement For the Month Ended May 31, 2014 _________________ _________________ Expenses: _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ Prepare a retained earnings statement. Kelly Consulting Retained Earnings Statement For the Month Ended May 31, 2014 _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ Prepare a balance sheet. Kelly Consulting Balance Sheet May 31, 2014 Liabilities Current liabilities: Assets Current assets: ___________ ______ ___________ ______ ___________ ______ ___________ ______ ___________ ______ ___________ ______ ___________ ______ ___________ ______ ___________ ______ ___________ ______ ___________ ______ ___________ ______ ___________ ______ ___________ ______ ___________ ______ Total current assets ___________ ______ Total liabilities ___________ ______ ___________ ______ Property, plant, and equipment: Stockholders' Equity ___________ ______ ___________ ______ ______________ ___________ ___ ______ ___________ ______ ___________ ______ ______________ ___________ ___ ______ Total property, plant, and equipment Total assets Total ___________ stockholders' ______ equity Total liabilities ___________ and stockholders' ______ equity ___________ ______ ___________ ______ 7. Your answer: Comprehensive Problem 1 Part 9: 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. Note: You must complete parts 1, 2, 3, 4, 6, 7 and 8 before completing part 9. Part 5 is optional. Part 9: Prepare the closing entries below. Then, using the attached spreadsheet from part 2, post the entries to your general ledger. (Income Summary is account #34 in the chart of accounts.) If an amount box does not require an entry, leave it blank or enter "0". Dat e Account Name Post. Ref. Debit ________________ _ _________________ Credit 201 4 May 31 _________________ _________________ ________________ _ May 31 _________________ _________________ ________________ _ _________________ _________________ ________________ _ _________________ _________________ ________________ _ _________________ _________________ ________________ _ _________________ _________________ ________________ _ _________________ _________________ ________________ _ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ May 31 ________________ _ _________________ ________________ _ _________________ _________________ _________________ ________________ _ May 31 _________________ _________________ _________________ ________________ _ _________________ _________________ ________________ _ _________________ 8. Your answer: Part 10: Comprehensive Problem 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. Note: You must complete parts 1, 2, 3, 4, 6, 7, 8 and 9 before completing part 10. Part 5 is optional. Prepare a post-closing trial balance. If an amount box does not require an entry, leave it blank or enter "0". Account Title _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ Kelly Consulting Post-Closing Trial Balance May 31, 2014 Debit _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ Credit _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________

Tutor Answer

DRservant
School: UCLA

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Anonymous
Outstanding Job!!!!

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