Kelly consulting post-closing trial balance may 31 20y8.

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. ... and the post-closing trial balance as of April 30, 2019, is shown in Exhibit 17. ... Accrued receptionist salary on May 31 is $325. e. Rent expired during May is $1,600. f. Unearned ...1 Cash 2 Accounts Receivable 3 Supplies 4 Prepaid Rent 5 Prepaid Insurance 6 Office Equipment Kelly Consulting POST-CLOSING TRIAL BALANCE April 30, 20Y5 ACCOUNT TITLE DEBIT 22,100.00 3,400.00 1,350.00 3,200.00 1,500.00 14,500.00 CREDIT 7 Accumulated Depreciation 8 Accounts Payable 9 Salaries Payable 10 …Part 3 is weird because it doesnt give me the option for most correct answers Kelly Consulting Post-Closing Trial Balance April 30, 20Y8 Account No. Debit Credit Cash 11 22,100 Accounts Receivable 12 3,400 …Kelly Consulting Income Statement For the Month Ended May 31, 20Y8 $ Expenses: $ $ Prepare a statement of stockholders’ equity. If an amount box does not require an entry, leave it blank. If a net loss is incurred or dividends were paid, enter that amount as a negative number using a minus sign.Part 6: Journalize the adjusting entries. Then, post the entries to the attached spreadsheet from part 2. a. Insurance expired during May is $275. Date Account Name Post. Ref May 31 b. Supplies on hand on May 31 are $715. Date Account Name Post. Ref May 31 c. Depreciation of office equipment for May is $330. Date Account Name Post. Ref May 31 …

May 3: Received cash from clients as an advance payment for services to be provided and recorded it as unearned fees, $4,500. Part 1 compete: 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.

answered • expert verified. Kelly Consulting Post-Closing Trial Balance. April 30, 20Y8. Account No. Debit Credit. Cash 11 22,100. Accounts Receivable 12 … Prepare an adjusted trial balance. If an amount box does not require an entry, leave it blank. Kelly Consulting Adjusted Trial Balance May 31, 20Y8 Account Title Debit

What to watch for today What to watch for today Tesla drives up its profit… The electric-car firm is expected to post a $13.4 million profit, its first ever in the third quarter, o...Question: The post-closing trial balance as of April 30, 20Y8, is shown below: Kelly Consulting Post-Closing Trial Balance April 30, 2018 Account No. Debit Credit Cash 11 22,100 Accounts Receivable 12 3,400 Supplies 14 1,350 Prepaid Rent 15 3,200 Prepaid Insurance 16 1,500 Office Equipment 18 14,500 Accumulated …Apr 1, 2020 · Kelly Pitney began her consulting business, Kelly Consulting, on April 1,20Y8. The chart of accounts for Kelly Consulting is shown below: 11 Cash 12 Accounts Receivable 14 Supplies 15 Prepaid Rent 16 Prepaid Insurance 18 Office Equipment 19 Accumulated Depreciation 21 Accounts Payable 22 Salaries Payable 23 Unearned Fees 31 Common Stock 32 Retained Earnings 33 Dividends 41 Fees Earned 51 ... Kelly Consulting. Unadjusted Trial Balance. May 31, 20Y8. Account Title Debit Credit Cash 44,195 Accounts Receivable ( 1,100 ) Supplies 2,085 Prepaid Rent 3,200 Prepaid Insurance 1,500 Office Equipment 14,500 Accumulated Depreciation 330

Kelly Consulting Unadjusted Trial Balance May 31, 20Y8 Debit Account Title Credit Balances Balances Cash 44,195 8,080 2,085 3,200 Accounts Receivable Supplies Prepaid Rent Prepaid Insurance Office Equipment Accumulated Depreciation 1,500 14,500 330 Accounts Payable 895 7,000 Salaries Payable Unearned Fees Common Stock Retained Earnings x ...

Kelly Pitney began her consulting business, Kelly Consulting, on April 1, 20Y8. ... Kelly Consulting Post-Closing Trial Balance April 30, ... Description Post. Ref. Debit Credit 2,650 2,650 May 31: Kelly withdrew $10,500 for personal use.

Kelly Consulting Post-Closing Trial Balance April 30, 20Y8 Account. Need Help with Part 2 & 3 PLZ! 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 Income Statement For the Month Ended May 31, 20Y8 Fees earned $40000.00 Expenses: Salary expense $1705.00 Rent expense 1600.00 Supplies expense 1370.00 Depreciation expense 330.00 Insurance expense 275.00 Miscellaneous expense 1295.00 Total expenses-6575.00 Net income $33425.00 Prepare a statement of stockholders' equity. If an ...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. If an amount box does not require an entry, leave it blank. Image transcription text. Kelly Consulting Income Statement For the. Month Ended May 31, 20Y8 $ Fees earned v. 40,000 Expenses ...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, $3,300. May 31: Recorded services provided on account for the remainder of May, $2,650. May 31: Kelly withdrew $10,500 for personal use. Solution: Kelly Pitney. …Transcribed Image Text: Prepare a corrected post-closing trial balance. Assume that all accounts have normal balances and that the amounts shown are correct. If an amount box does not require an entry, leave it blank Cash Security Services Co. Post-Closing Trial Balance July 31, 2010 Accounts Receivable Supplies Equipment Accumulated …Apr 1, 2019 · Received cash from cash clients for fees earned for the period May 26-31, $3,300. 31. Provided services on account for the remainder of May, $2,650. 31. Kelly withdrew $10,500 for personal use. Instructions 1. The chart of accounts for Kelly Consulting is shown in Exhibit 9, and the post-closing trial balance as of April 30, 2019, is shown in ... If an amount box does not require an entry, leave it blank Date Post. Ref. Debit Credit Account Name Closing Entries 2018 May 31 Fees Earned 41 40,000 Debit Post. Ref. Date Credit Account Name Closing Entries 20Y8 0 May 31 Fees Earned 41 40,000 51 0 Salary Expense 1,705 0 Rent Expense 52 → 1,600 0 Supplies Expense 53 → 1,370 54 0 ...

Kelly Consulting Income Statement For the Month Ended May 31, 20Y8 $ Expenses: $ $ Prepare a statement of stockholders’ equity. If an amount box does not require an entry, leave it blank. If a net loss is incurred or dividends were paid, enter that amount as a negative number using a minus sign.Most post office locations are open Monday through Saturday and are always closed on Sundays. If a specific location is open on Saturday, it most likely will be open for only a few...Prepare a post-closing trial balance. For guidance in completing the financial statements, be sure to read the instructions above each statement carefully. Kelly Consulting. POST-CLOSING TRIAL BALANCE. April 30, 2016. ACCOUNT TITLE DEBIT CREDIT. 1 Cash 22,100. 2 Accounts Receivable 3,400. 3 Supplies 1,350.Kelly Consulting Adjusted Trial Balance May 31, 2018 Debit Credit Account Title Balances Balances Cash 44,195 V Accounts Receivable 8,080 Supplies V 715 Prepaid Rent - V 1,600 Prepaid Insurance 1,225 Office Equipment V 14,500 Accumulated Depreciation Accounts Payable Salaries Payable 660 895 325 Unearned Fees Common Stock Retained Earnings ...During May, Kelly Consulting entered into the following transactions: May 3. ... 31.Paid dividends 10,500 Instructions 1.The chart of accounts foe Kelly Consulting is shown us Exhibit 9. and the post-closing trial balance as of April 30, 20Y8, is shown in Exhibit 17. for each account in the post-closing trial balance, enter the balance in the ... Question: NEED HELP Please! i have to make sure im 100% right. Part 3 is weird because it doesnt give me the option for most correct answers Kelly Consulting Post-Closing Trial Balance April 30, 20Y8 Account No. Debit Credit Cash 11 22,100 Accounts Receivable 12 3,400 31: Common Stock The post-closing trial balance as of April 30, 20Y8, 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.) If an amount box does not require an entry, leave it blank.

Kelly Consulting Balance Sheet May 31, 20Y8 Assets Liabilities Current assets: Current liabilities: Cash 44195.00 Accounts payable 895.00 Accounts receivable 8080.00 Salaries payable 325.00 Supplies 715.00 Unearned fees 3210.00 Prepaid rent 1600.00 Prepaid insurance 1225.00 Total liabilities 4430.00 Total current assets 55815.00 Property, ...

Supplies on hand on May 31 are $715. Date Account Name Post. Ref. Debit Credit May 31 Supplies Expense 1,370 Supplies 1,370 c. Depreciation of office equipment for May is $330. < Date Account Name Post. Ref. Debit Credit May 330 31 Depreciation Expense Accumulated Depreciation 330 d. Accrued receptionist salary on May 31 is $325.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, 20Y8 Account Title Debit Balances Credit Balances Cash 22100 Accounts ...Prepare a statement of stockholders' way. If an amount box does not require an entry leave it bank of a net loss is incurred or dividends were paid, enter that amount as a negative number using a mis sign Kelly Coast Statement of Stockholders' Equity For the Month Ended May 31, YB Common Hetained Stock Earnings Balances, May 1, 2018 Total Net Income Balances, May 11, 2018 Prepe a balance sheet ... Unformatted text preview: Kelly Consulting Post-Closing Trial Balance May 31, 20Y8 715 Stock v Retained Earnings v w N @® O 70,315 I S Common 3,21 S| Unearned Fees v W o o o o v W % N N %] Salaries Payable v N (=] w — (%) Accounts Payable v « Accumulated Depreciation 14,500 « Vv 1,225 S Office Equipment v < Insurance LU Prepaid < Prepaid Rent v S Supplies v JE 8,080 S v S Accounts ... 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, $3,300. May 31: Recorded services provided on account for the remainder of May, $2,650. May 31: Kelly withdrew $10,500 for personal use. Solution: Kelly Pitney. …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. If an amount box does …Post Closing Trial Balance Kelly Consulting Post Closing Trial Bal. April 30, 2019 Cash A/R Supplies Prepaids Office equip Accumulated Dep. Cr. A/P Salaries Payable Unearned Fees Kelly Pitney, Capital=s/oeMay 31, 2018 · Recorded cash from cash clients for fees earned for the period May 26-31, 53,300 Recorded services provided on account for the remainder of May, S2,650. Paid dividends, S10,500 30 31 31 31 31 Required: 1. The chart of accounts is shown in a separate panel and the post-closing trial balance as of April 30, 2018, is shown below.

Comprehensive Problem 1 Part 1: The following is a comprehensive problem which encompasses al in previous chapters. You can refer to the objectives for each cha of the concepts. Kelly Pitney began her consulting business, Kelly Consulting, on A accounts for Kelly Consulting is shown below: 11 Cash 32 Retained Earnings 12 …

During May, Kelly Consulting entered into the following transactions: May 3. ... 31.Paid dividends 10,500 Instructions 1.The chart of accounts foe Kelly Consulting is shown us Exhibit 9. and the post-closing trial balance as of April 30, 20Y8, is shown in Exhibit 17. for each account in the post-closing trial balance, enter the balance in the ...

Apr 30, 2020 · Question: The post-closing trial balance as of April 30, 20Y8, is shown below: Kelly Consulting Post-Closing Trial Balance April 30, 20Y8 Account No. Debit Credit Cash 11 22,100 Accounts Receivable 12 3,400. Enter the unadjusted trial balance on an end-of-period spreadsheet (work sheet) and complete the spreadsheet using the following ... Question: NEED HELP Please! i have to make sure im 100% right. Part 3 is weird because it doesnt give me the option for most correct answers Kelly Consulting Post-Closing Trial Balance April 30, 20Y8 Account No. Debit Credit Cash 11 22,100 Accounts Receivable 12 3,400 Even if you dutifully pay off your credit card balance each month, there’s an oft-overlooked way to optimize your credit score—by making debt payments before your balance is report...The Post-Closing Trial Balance for April 30, 20Y5 is shown in Exhibit 17 on page 185 . The Ledger, with the same amounts as the April 30, 20Y5 Post-Closing Trial … Kelly Consulting Balance Sheet For the Month ended May 31, 2016 Assets Liabilities Current Assets Current Liabilities Cash $44,195 Accounts Payable $895 Accounts Receivable $8,080 Salaries Payble $325 Suplies $715 Unearned Fees $3,210 Prepaid Rent $1,600 Total Current Liabilities $4,430 Prepaid Insurance The post-closing trial balance as of April 30, 20Y8, is shown below: Kelly Consulting Post-Closing Trial Balance April 30, 20Y8 Account No. Debit Credit Cash 11 22,100 Accounts Receivable 12 3,400 Supplies 14 1,350 Prepaid Rent 15 3,200 Prepaid Insurance 16 1,500 Office Equipment 18 14,500 Accumulated Depreciation 19 330 Accounts Payable 21 800 Salaries Payable 22 120 Unearned Fees 23 2,500 ...The chart of accounts for Kelly Consulting is shown in Exhibit 9, and the post-closing trial balance as of April 30, 2016, is shown in Exhibit 17. For each account in the post-closing trial balance, enter the balance in the appropriate Balance column of four-column account. Date the balances May 1, 2016, and place a check mark ( in theAug 24, 2023 · The post-closing trial balance for Kelly Consulting as of May 31, 20Y8, shows no debit balances and credit balances in the respective accounts. **Explanation:** The post-closing trial balance is a list of accounts and their balances after all closing entries have been made at the end of an accounting period.

Step 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, 20Y8. The chart of accounts for Kelly Consulting is shown below: 11 ... The post-closing trial balance as of April 30, 20Y8, is shown below: Kelly Consulting Post-Closing Trial Balance April 30, 20Y Account No. Debit Credit Cash 11 22, Accounts Receivable 12 3, Supplies 14 1, Prepaid Rent 15 3, Prepaid Insurance 16 1, Office Equipment 18 14, Accumulated Depreciation 19 330 Accounts Payable 21 800 Salaries Payable ... The post-closing trial balance as of April 30, 20Y8, is shown below: Kelly Consulting Post-Closing Trial Balance April 30, 20Y8; ... May 31: Recorded cash from ...Can Common Stock Salary Expense Credit Balances. Question: The following is a comprehensive problem which encompasses all of the elements learned in prev Prepare an adjusted trial balance. If an amount box does not require an entry, leave it blank. Kelly Consulting Adjusted Trial Balance May 31, 2018 Account Tisne Accounts Payable …Instagram:https://instagram. dog groomers in susanville cafox 10 phoenix newscasterscraftsman lawn mower parts self propelled3854 west ave greensboro nc 27407 KELLY CONSULTING Adjusted Trial Balance May 31, ... KELLY CONSULTING Post-Closing Trial Balance May 31, 20Y5 Cash 55,289 Accounts Receivable 12,300 Supplies 1,435 Prepaid Rent 1,600 Prepaid Insurance 1,200 Office Equipment 14,500 Accumulated Depreciation 660 Accounts Payable 1,295 Salaries …Kelly Consulting Adjusted Trial Balance May 31, 20Y8 Debit Balances Credit Balances Account Title Cash Accounts Receivable Supplies 44,195 8,080 715 1,600 1,225 14,500 Prepaid Rent Prepaid Insurance Office Equipment Accumulated Depreciation 660 Accounts Payable 895 Salaries Payable 325 3,210 Unearned Fees Common Stock 42,300 Retained Earnings ... campgrounds near duncan scdillards clearance outlet phoenix Get four FREE subscriptions included with Chegg Study or Chegg Study Pack, and keep your school days running smoothly. 1. ^ Chegg survey fielded between Sept. 24–Oct 12, 2023 among a random sample of U.S. customers who used Chegg Study or Chegg Study Pack in Q2 2023 and Q3 2023. Respondent base (n=611) among approximately 837K …31. Paid dividends, $10,500. Instructions The chart of accounts for Kelly Consulting is shown in Exhibit 9, and the post-closing trial balance as of April 30, 20Y8, is shown in Exhibit 17. For each account in the post-closing trial balance, enter the balance in the appropriate Balance column of a four-column account. dollar tree rogersville tennessee The post-closing trial balance as of April 30, 20Y8, is shown below: Kelly Consulting Post-Closing Trial Balance April 30, 20Y8 Account No. Debit Credit Cash 11 22,100 Accounts Receivable 12 3,400 Supplies 14 1,350 Prepaid Rent 15 3,200 Prepaid Insurance 16 1,500 Office Equipment 18 14,500 Accumulated Depreciation 19 330 Accounts Payable 21 800 Salaries Payable 22 120 Unearned Fees 23 2,500 ...Here's the best way to solve it. Retained earnings balance on May 31 = Total - Common stock = 65,225 - 30,000 = $35, 225 D …. Kelly Consulting Post-Closing Trial Balance April 30, 20Y8 Account No. Debit Credit Cash 11 22,100 Accounts Receivable 12 3,400 Supplies 14 1,350 Prepaid Rent 15 3,200 Prepaid Insurance 16 1,500 Office Equipment 18 ...If a net loss is incurred or dividends were paid, enter that amounts negative number using a minus sign. Kelly Consulting Statement of Stockholders Equity For the Month Ended May 31, 2018 Common Retained Stock Earnings Total Balances, May 1, 2018 42,300 X 42,300 33,425 Net income 33,425 Dividends Balances May 2014 42,300 Prepare a balance …