Question

Insert Format Tools Table Window Help Chapter X O ) 68% G describet X Login X Problem 1 x Chapter 2 x C For The PX C Assume TX 55 Layout esign View Chapter 2 Analyzing transactions activity 103-300 References Mailings Review Table Design Layout Tell me Assume that for several years Kelly Pimey has operated a part-time consulting business from her home. As of April 1, 2016, Kelly decided to move to rented quarters and to operate the business on a full-time basis. The business will be low as Kelly Consulting. During April, Kelly Consulting entered into the following transactions Share The following assets were received from Kelly Pimey cash 513,103, con recevable $3,000, supplies 51,400, and office equipment $12.500. There were nobis received Paid three months' rent on a lease rental contract, 54.800 Paid in advance the premiums en property and casualty insurance policies, 51.800 Received cash from clients as an advance payment for wrvices to be provided 55,000 Purchased additional office equipment on account from Office Station Co 52,000 4/5 Received cash from clients on account 31,800 4/10 Paid cash for a newspaper advertisement $120 4/12 Paid Office Station Co for part of the debt incurred on April 5, 51,200 4/12 Recorded services provided on account for the period April 1-12, 54,200 4/14 Paid part-time receptionist for two weeks' salary, 5750 4/17 Recorded cash from cash clients for wies during the period April - 16 56,350 U/18 Paid cash for supplies 5800 Recorded services provided on count for the period April 13-20 52.100 16 S A W 888 13 ve # 3 $ 4 % 5 6 & 7 8 8 9 0 D T

Answer 1

Supplen Balance Drier 4/1 Capital Cash Drrer LYOD 900 2260 Salary 8 8 9 9/24 Cash 4/27 Cash 17501 750

120 Salame T Trial Balane cush 23,300 Adv. Exp Consulting Fee Prepaid Shisuance 1800 / 20 950 Account Recievable 3400 Account Payable office equipment 14500 Capital Prepaid rent 4800 Preine Recind in 5,000 1500 supplan 3200 Telephone Bill 130 Electricity Bill Bill 200 6,000 2000 30,000 Drawing 5795057950

Debit Creditt Balance Date Items er 411 The Kelly's Capital 13, loo. 4/1 Prepaid Rent 4,800 4/2 Prepaid Insurance 1800 4/4 Income Received Adv. 5,000 411 Account Receivable 1,800 4/10 Advertisment Exp. 4/14 Salary Ak 4/17 Consulting Fee 6,250 4118 supplies soo 3,850 4/24 Consulting Fee (4/26 Account Receivable 5600 (4/27 Salary 750 4/29 Telephane Bill 130 200 4130 Electricity Bill 3050 Consulting Fee 6,000 23,300 Drawing 120 750

ے Date Items 14/1 Capital 14/6 Cash Account Recievable Balance IP orlar or cr 3,000 1 800 4/12 Consulting Fee 4200 4/20 Consulting Fee 2100 14/26 Cash 5600 4/30 Consulting Fee 1500 3400 VITT /Accouts Payable ZZO 415 office equipment 2.000 2000 VIZ Office Equipment (4/1 Capital 415 Accounts payable 2,000 14,500 peso olurer's Segueto IX 12.500 4130 Owners Equity (kelly's Capital Heto 13.100 Account Receivable cr 4/1 Cash Hero 3.000 1400 288 12500 30,000 2 supplies 4130 Office equipment Prepaid Rent so 4% Cash 2800 YBO Prepaid Insurance (4/2) Cash 4800 1280 1 800 1800 KA

Advertisement Exp cr 14/10 Cach 120 Dr 120 Dr cr 4,200 21 oo 3850 3050 20.950 Consulting Fee (Income Summary 19/12 Account Recievable 4/17 Cash 120 Account Recievable Cach Account Recimble 05.600 Prepaid Insurance cop 14/2 Cash 1.800 4/30 4/30 isool di 1800

ا Debit USD Kelly Consulting General Journal Credit USD Date Particulars 2016 13,000 471 Cash Al Account Reievable Al Day 3,000 Supplies Alc 1,400 Office Equipment Alc Dr 12.500 30,000 To Kelly's Capital Al 14,800 4/1 Prepaid Rent All To, Cash ALC 4.800 1,800 14/2 Prepaid Insurance Ale To Cash Ale 1.800 14/4 5,000 Cash ALL To Income received in advance Ale 5,ooo 4/5 Office Equipment All 12,000 To accounts payable Dr Cash Alc 416 To Account Receivable Ale 1800 14/10 Advertisemeul Expense All To, Cash 4/12 Account receivable All 14,200 To Beerweede beness Consulting dee 750 4114 Salary All To Cash Ale 4/17 Cash Alc 6,250 To Consulting Fee All 6,250 4/18 Supplies Ale 800 To Cash 800 Account Receivable ALC 4/201 2,100 To Consulting Fee Ale 2,000 1.800 120 120 4,200 Dr 750 Dr Dr 2100

Dr 3,850 3,850 15,600 5,600 750 4/24 I Cash ALC To Consulting Fee Ale 4/26 Cash All To account receivable Ale 14/27 Salary All To Eash Al 4/29 Telephone Bill Al To Cash Ale 4/30 Electricity Bill Ale To Cash ALL ㅋ 750 130 130 200 200 Dr 3050 4130 Cash Al 13,050 To Consulting Fee Ale Account Receivable Ale Dr 1500 4/30 1500 16,000 To Consulting Fee All 4130 Drawing Ale 6,000 To, Cash Ale 180,700/80,700