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 $1,20$Y$5.$ The accounting cycle for Kelly Consulting for April, including financial statements, was illustrated in this chapter. During May, Kelly Consulting entered into the following transactions. The chart of accounts for Kelly Consulting is shown below:

$11$ Cash $31$ Kelly Pitney, Capital

$12$ Accounts Receivable $32$ Kelly Pitney, Drawing

$14$ Supplies $41$ Fees Earned

$15$ Prepaid Rent $51$ Salary Expense

$16$ Prepaid Insurance $52$ Rent Expense

$18$ Office Equipment $53$ Supplies Expense

$19$ Accumulated Depreciation $54$ Depreciation Expense

$21$ Accounts Payable $55$ Insurance Expense

$22$ Salaries Payable $59$ Miscellaneous Expense

$23$ Unearned Fees

The post$-$closing trial balance as of April $30,20$Y$5$

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.