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, 2019. The accounting cycle for Kelly Consulting for Apri, 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: The post-closing trial balance as of April 30, 2019 Required: Joumalize 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. May 5: Received cash from clients on account, $2,450. May 9: Paid cash for a newspaper advertisement, $225. May 9: Paid cash for a newspaper advertisement, $225. May 13: Pald Office Station Co. for part of the debt incurredion April. 5,5640. May 15: Provlded services on account for the period May 1-15, 59,180 , May 16: Paid part-time receptionist for two weeks' salary including the amount owed on April 30,5750 . May 17: Received cash from cash dients for fees earned during the period May 1-16, 58,360. May 20: Purchased supplies on account, $735. May 21: Provided services on account for the period May 16-20, 34,820 . May 25: Received cash from cash clients for fees earned for the period Mary 1723,$7,900. May 27: Received cash from clients on account, $9,520. May 28: Paid part-time receptionist for two weeks' salary, $750. May 30 : Paid telephone bill for May, $260. May 31: Paid electricity bill for May, $810. May 31 1t Received cash from cash clients for fees earned for the perlod May 26-31, $3,300. May 28: Paid part-time receptionist for two weeks' salary, $750. May 30: Paid telephone bill for May, $260. May 31: Paid electricity bill for May, $810. May 31: Received cash from cash clients for fees earned for the period May 26-31, $3,300. May 31: Provided services on account for the remainder of May, $2,650. May 31: Kelly withdrew $10,500 for personal use. EX HIB IT 17 Post-Closing Trial Balance, Kelly Consulting