1. Comprehensive Problem 1 Part 10:

   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.

   Kelly Consulting Post-Closing Trial Balance May 31, 20Y8
   Account Title	Debit Balances	Credit Balances
   Accounts Payable Accumulated Depreciation Cash Common Stock Salary Expense
   Accounts Receivable Accumulated Depreciation Kelly Pitney, Drawing Rent Expense Salaries Payable
   Fees Earned Miscellaneous Expense Supplies Supplies Expense Unearned Fees
   Accumulated Depreciation Common Stock Prepaid Rent Rent Expense Salaries Payable
   Accounts Payable Insurance Expense Kelly Pitney, Drawing Prepaid Insurance Unearned Fees
   Accumulated Depreciation Common Stock Office Equipment Salaries Payable Supplies Expense
   Accounts Receivable Accumulated Depreciation Cash Depreciation Expense Office Equipment
   Accounts Payable Cash Kelly Pitney, Drawing Office Equipment Rent Expense
   Accounts Receivable Fees Earned Office Equipment Salaries Payable Salary Expense
   Cash Fees Earned Miscellaneous Expense Office Equipment Unearned Fees
   Accounts Payable Common Stock Insurance Expense Office Equipment Prepaid Rent
   Accounts Payable Insurance Expense Office Equipment Prepaid Rent Retained Earnings