Prepare journal entries as follows:
Date | Account Titles | Debit | Credit |
May. 03 | Cash | $4,500 | |
Unearned fees | $4,500 | ||
May. 05 | Cash | $2,450 | |
Accounts receivable | $2,450 | ||
May. 09 | Advertisement Expense | $225 | |
Cash | $225 | ||
May. 13 | Accounts payable | $640 | |
Cash | $640 | ||
May. 15 | Accounts receivable | $9,180 | |
Fees revenue | $9,180 | ||
May. 16 | Salaries Expense | $630 | |
Salaries payable | $120 | ||
Cash | $750 | ||
May. 17 | Cash | $8,360 | |
Fees revenue | $8,360 | ||
May. 20 | Supplies | $735 | |
Accounts payable | $735 | ||
May. 21 | Accounts receivable | $4,820 | |
Fees revenue | $4,820 | ||
May. 25 | Cash | $7,900 | |
Fees revenue | $7,900 | ||
May. 27 | Cash | $9,520 | |
Accounts receivable | $9,520 | ||
May. 28 | Salaries Expense | $750 | |
Cash | $750 | ||
May. 30 | Telephone Expense | $260 | |
Cash | $260 | ||
May. 31 | Electricity Expense | $810 | |
Cash | $810 | ||
May. 31 | Cash | $3,300 | |
Fees revenue | $3,300 | ||
May. 31 | Accounts receivable | $2,650 | |
Fees revenue | $2,650 | ||
May. 31 | Kelly Pitney, withdrawals | $10,500 | |
Cash | $10,500 |
____________________________________________________
Prepare adjusting entries as follows:
Date | Account Titles | Debit | Credit |
May. 31 | Insurance Expense | $275 | |
Prepaid Insurance | $275 | ||
May. 31 | Supplies Expense | $1,370 | |
Supplies [$1350 + $735 - $715] | $1,370 | ||
May. 31 | Depreciation Expense | $330 | |
Accumulated depreciation | $330 | ||
May. 31 | Salaries Expense | $325 | |
Salaries payable | $325 | ||
May. 31 | Rent Expense | $1,600 | |
Prepaid rent | $1,600 | ||
May. 31 | Unearned fees | $3,210 | |
Fees revenue | $3,210 |
this is for a spreadsheet please help Instructions Kelly Pitney began her consulting business, Kelly Consulting,...
Instructions Kelly Pitney began her consulting business, Kelly Consulting, on April 1, 20Y5. 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: May 3 Received cash from clients as an advance payment for services to be provided and recorded it as unearned fees, $4,500. 5 Received cash from clients on account, $2,450. 9 13 15 Paid cash for a newspaper advertisement, $225. Paid Office...
Kelly Pitney began her consulting business, Kelly Consulting on April 1, 2019. The accounting cycle for Kelly consulting for April including financial statements was illustrated in this chapter. During May, Kelly Consulting entered in to the following transactions. May 3. Received cash from clients as an advanced payment for services to be provided and recorded it as unearned fees $4,500 5 received cash from clients on account, $2,450 9. Paid cash for a newspaper advertisement $225 13 Paid office station...
Kelly Pitney began her consulting business, Kelly Consulting, on April 1, 2018. 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: May 3 Received cash from clients as an advance payment for services to be provided and recorded it as unearned fees, $4,500. 5 Received cash from clients on account, $2,450. 9 13 15 Paid cash for a newspaper advertisement, $225. Paid Office Station...
Kelly Pitney began her consulting business, Kelly Consulting, on April 1, 2018. 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: May 3 Received cash from clients as an advance payment for services to be provided and recorded it as unearned fees, $4,500. 5 Received cash from clients on account, $2,450. 9 Paid cash for a newspaper advertisement, $225. 13 Paid Office Station Co....
Kelly Pitney began her consulting business, Kelly Consulting, on April 1, 2018. 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: May 3 Received cash from clients as an advance payment for services to be provided and recorded it as unearned fees, $4,500. 5 Received cash from clients on account, $2,450. 9 13 15 Paid cash for a newspaper advertisement, $225. Paid Office Station...
Kelly Pitney began her consulting business, Kelly Consulting, on April 1, 2019. 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: May 3 Received cash from clients as an advance payment for services to be provided and recorded it as unearned fees, $4,500. 5 Received cash from clients on account, $2,450. 9 Paid cash for a newspaper advertisement, $225. 13 Paid Office Station Co....
4-8j: Comprehensive Problem 1 Kelly Pitney began her consulting business, Kelly Consulting, on April 1, 20Y8. 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: Ma Received cash from clients as an advance payment for services to be provided and recorded it as uncared foes, $4.500 Received cash from clients on account, $2,450 1 Paid cash for a newspaper advertisement, $225. 13. Paid Office...
Please provide the answer to all of the questions, I want to match up my work. I have the incorrect adjusted and unadjusted trial Kelly Pitney began her consulting business, Kelly Consulting, on April 1, 20Y5. 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: May 3 Received cash from clients as an advance payment for services to be provided and recorded it as...
In total, there are pages 5 and 6 to the journal and page 7 is adjusting entries. there is also closing entries (part of the journal), I do NOT need to enter ledger accounts, there is also an unadjusted trial balance, adjusted trial balance, income statement, statement of owners equity, balance sheet, and post-closing trial balance. This is what I have already: The trial balances are wrong becayse my totals dont match and im not sure why. The other financial...
problem: information provided: fill in ALL the empty grey boxes kelly Pitney began her consulting business, Kelly Consulting, on April 1, 2015. The accounting cycle - for egete kelly Consulting for April, including financial Statements, was illustrated in this chapter, During Hag Kelly Consulting entered into the following transactions : May 3 . Received cash from clients as an advance payment for services to be provided and recorded it as unearned fees, $ 4,500 5. Received cash from clients on...