Please, review info below and complete the very last section with the given info : Comprehensive Problem
Question:
Please, review info below and complete the very last section with the given info : Comprehensive Problem 1 (Part 4 ,Part 6 & Part 7:)
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, on April 1, 2014. The chart of accounts for Kelly Consulting 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.
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.
K Consulting | ||
Unadjusted Trial Balance | ||
May 31, 2014 | ||
Account Title | Debit | Credit |
Cash | 44195 | |
Accounts receivable | 8080 | |
Supplies | 2085 | |
Prepaid rent | 3200 | |
Prepaid insurance | 1500 | |
Office equipment | 14500 | |
Accumulated depreciation | 330 | |
Accounts payable | 895 | |
Salaries payable | 0 | |
Unearned fees | 7000 | |
K P, Capital | 42300 | |
K P, Drawing | 10500 | |
Fees earned | 36210 | |
Salary expense | 1380 | |
Rent expense | ||
Supplies expense | ||
Depreciation expense | ||
Insurance expense | ||
Miscellaneous expense | 1295 | |
Totals 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 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. Part 6: Journalize the adjusting entries. Then, post the entries to the attached spreadsheet from part 2. | 86735 | 86735 |
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".
Fundamentals Of Electric Circuits
ISBN: 9780073301150
3rd Edition
Authors: Matthew Sadiku, Charles Alexander