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, 20Y8

		$fill in the blank 2
Expenses:

	$fill in the blank 4

	fill in the blank 6

	fill in the blank 8

	fill in the blank 10

	fill in the blank 12

	fill in the blank 14

		fill in the blank 16

$fill in the blank 18

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.

Kelly Consulting Statement of Stockholders Equity For the Month Ended May 31, 20Y8
	Common Stock	Retained Earnings	Total

	$fill in the blank 20	$fill in the blank 21	$fill in the blank 22

	fill in the blank 24	fill in the blank 25	fill in the blank 26

	fill in the blank 28	fill in the blank 29	fill in the blank 30

$fill in the blank 32

$fill in the blank 33

$fill in the blank 34

Prepare a balance sheet.

Kelly Consulting Balance Sheet May 31, 20Y8
Assets			Liabilities
Current assets:			Current liabilities:

$fill in the blank 36

	$fill in the blank 38

fill in the blank 40

	fill in the blank 42

fill in the blank 44

	fill in the blank 46

	fill in the blank 48

	fill in the blank 50		Total liabilities		$fill in the blank 51
Total current assets		$fill in the blank 52
Property, plant, and equipment:			Stockholders Equity

$fill in the blank 54

	$fill in the blank 56

fill in the blank 58

	fill in the blank 60
Total property, plant, and equipment		fill in the blank 61	Total stockholders equity		fill in the blank 62
Total assets		$fill in the blank 63	Total liabilities and stockholders equity		$fill in the blank 64

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