Kelly consulting post-closing trial balance may 31 20y8.

Answer & Explanation. The list of all balance sheet items and their balances, with the exception of accounts with zero balances, is the Post Closing Trial Balance. It is used to confirm that temporary accounts have been closed appropriately and that all credit and debit accounts have equal balances. The final step in the accounting cycle is the ...Kelly Consulting Post-Closing Trial Balance May 31, 20Y8 Account Title Debit Balances Balances Cash 44,195 Check My Work < Previous y u Udle. Il dll dlout Box does not require an entry, leave it blank. Post-Closing Trial May 31, 2018 Account Title Debit Balances Credit Balances Cash 44,195 → Previous Check My WorkPart 2: Using the attached spreadsheet , post the journal entries from part 1 to a ledger of four- column accounts. Part 3: Prepare an unadjusted trial balance. If an amount box does not require an entry, leave it blank. Kelly Consulting Unadjusted Trial Balance May 31, 20Y8 Account Title Debit Balances Credit Balances Cash 22100 Accounts ...Kelly Consulting Post-Closing Trial Balance April 30, 20Y8 Account No. Debit Credit Cash 11 22,100 Accounts Receivable 12 3,400. Need Help! Using the attached spreadsheet, post the journal entries from part 1 to a ledger of four-column accounts. The entries in the ledgers will not grade or mark correct or incorrect.Kelly Consulting Statement of Stockholders’ Equity For the Month Ended May 31, 20Y8; Common Stock: Retained Earnings: ... Balances, May 31, 20Y8; Dividends; Net income; Net loss $ $ $ Prepare a balance sheet. Kelly Consulting Balance Sheet May 31, 20Y8; ... Post any question and get expert help quickly. Start learning . Chegg Products & Services.

Kelly Pitney began her consulting business, Kelly Consulting, on April 1, 20Y8. The chart of accounts for Kelly Consulting is shown below: The post-closing trial balance as of April 30, 20 Y 8, is shown below: The post-closing trial balance as of April 30, 20 Y 8, is shown below: Journalize each of the May transactions using Kelly Consulting's ...Date Account Name Post. Ref. Debit 20Y8 Credit Closing Entries May 31 Fees Earned 41 40,000 Salary Expense 51 0 1,705 Accounts Payable 52 0 1,600 Accounts Receivable 53 0 1,370 Cash se 54 0 330 Fees Earned 55 0 275 Retained Earnings Inse 59 O 1,295 31 0 33,425 31 10,500 May 31 32 0 10,500 Previous Next Check My Work 3 more Check My Work uses ...31. Paid dividends, $10,500. Instructions The chart of accounts for Kelly Consulting is shown in Exhibit 9, and the post-closing trial balance as of April 30, 20Y8, is shown in Exhibit 17. For each account in the post-closing trial balance, enter the balance in the appropriate Balance column of a four-column account.

The post-closing trial balance as of April 30, 20Y8, is shown below: Kelly Consulting Post-Closing Trial Balance April 30, 20Y8; ... May 31: Recorded cash from ...

Kelly Consulting Post-Closing Trial Balance May 31, 2048 Account Title Debit Balances Credit Balances Cash 44,195 Accounts Receivable 8,080 Supplies 715 Prepaid Rent 1,600 Prepaid Insurance 1,225 Office Equipment 24,500 Accumulated Depreciation Accounts Payable 895 Salaries Payable 325 Unearned Fees 3,210 660 Common Stock 30,000 Retained Earnings Kelly Consulting Balance Sheet May 31, 20Y8 Assets Liabilities Current assets: Current liabilities: Cash 44195.00 Accounts payable 895.00 Accounts receivable 8080.00 Salaries payable 325.00 Supplies 715.00 Unearned fees 3210.00 Prepaid rent 1600.00 Prepaid insurance 1225.00 Total liabilities 4430.00 Total current assets 55815.00 Property, ...The Post-Closing Trial Balance for April 30, 20Y5 is shown in Exhibit 17 on page 185 . The Ledger, with the same amounts as the April 30, 20Y5 Post-Closing Trial …Answer & Explanation. Solved by verified expert. Answered by CPA_basee on coursehero.com. Kelly Consulting. Unadjusted Trial Balance. May 31, 20Y5. Account title. Debit. Credit.

Kelly Consulting Unadjusted Trial Balance May 31, 20Y8 Debit Account Title Credit Balances Balances Cash 44,195 8,080 2,085 3,200 Accounts Receivable Supplies Prepaid Rent Prepaid Insurance Office Equipment Accumulated Depreciation 1,500 14,500 330 Accounts Payable 895 7,000 Salaries Payable Unearned Fees Common Stock Retained …

9. Prepare a statement of cash flows for Kelly Consulting for the month ended May 31, 20 Y8. 10. Prepare and post the closing entries. Record the closing entries on Page 8 of the journal. Indicate closed accounts by inserting a line in both the Balance columns opposite the closing entry. 11. Prepare a post-closing trial balance.Supplies on hand on May 31 are $715. Date Account Name Post. Ref. Debit Credit May 31 Supplies Expense 1,370 Supplies 1,370 c. Depreciation of office equipment for May is $330. < Date Account Name Post. Ref. Debit Credit May 330 31 Depreciation Expense Accumulated Depreciation 330 d. Accrued receptionist salary on May 31 is $325.Supplies on hand on May 31 are $715. Date Account Name Post. Ref. Debit Credit May 31 Supplies Expense 1,370 Supplies 1,370 c. Depreciation of office equipment for May is $330. < Date Account Name Post. Ref. Debit Credit May 330 31 Depreciation Expense Accumulated Depreciation 330 d. Accrued receptionist salary on May 31 is $325. Here’s the best way to solve it. Kelly Consulting Income Statement For the Month of May 31, 2018 Revenues Fees earned 40,000 Expenses: Salaries expense 1,705 Rent expense 1,600 Supply expense 1,370 Depreciation expense 330 …. Kelly Consulting Adjusted trial balance Debit credit Account Cash 44195 accounts receivable 8080 715 Supplies ... 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, 20Y8. The chart of accounts for Kelly Consulting is shown below: 11 Cash 32 Retained Earnings 12 Accounts Receivable 33 Dividends 14 Supplies 41 Fees Earned 15 Prepaid Rent 51 Salary ... The chart of accounts for Kelly Consulting is shown below: The post-closing trial balance as of April 30, 2014, is shown below: 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.) Kelly Consulting Adjusted Trial Balance Mary 31, 2018 Account Title Debit Balances Credit Balances . Not the question you’re looking for? Post any question and get expert help quickly. Start learning . Chegg Products & Services. Cheap Textbooks; Chegg Study Help; Citation Generator;

Depredation Expense 55 Insurance Expense 59 Miscellaneous Expense The post-closing trial balance as of April 30, 20 Y, is shown below: Kelly Consulting Post-Closing Trial Balance April 30, 20 Y 8 \begin{tabular}{lccc} & Account No. & Debit & Credit \\ \hline Cash & 11 & 22,100 \end{tabular} Accounts Recelvable Supplies Prepaid Rent Prepaid ...Answer to Solved Part 7Kelly Consulting Adjusted Trial Balance May 31, | Chegg.com ... Adjusted Trial Balance May 31, 20Y8. ... Kelly Consulting Adjusted Trial ...The post-closing trial balance as of April 30, 20Y8, is shown below: Kelly Consulting Post-Closing Trial Balance April 30, 2018 Account No. Debit Credit Cash 11 22,100 Accounts Receivable 12 3,400 Supplies 14 1,350 Prepaid Rent 15 3,200 Prepaid Insurance 16 1,500 18 14,500 Office Equipment Accumulated Depreciation 19 330 Accounts Payable 21 800 Salaries Payable 22 120 Unearned Fees 23 2,500 ...Kelly Consulting Post-Closing Trial Balance May 31, 20Y8 Account Title Debit Balances Credit Balances fill in the blank 2 fill in the blank 3 fill in the blank 5 fill in the blank 6 fill in the blank 8 fill in the blank 9 fill in the blank 11 fill in the blank 12 fill in the blank 14 fill in the blank 15 fill in the blank 17 fill in the blank ...The Insider Trading Activity of KELLEY BYRON R on Markets Insider. Indices Commodities Currencies Stocks

Kelly Pitney began her consulting business, Kelly Consulting, on April 1, 20Y8. The chart of accounts for Kelly Consulting is shown below: The post-closing trial balance as of April 30, 20 Y 8, is shown below: The post-closing trial balance as of April 30, 20 Y 8, is shown below: Journalize each of the May transactions using Kelly Consulting's ...

The post-closing trial balance as of April 30, 20Y8, is shown below: Kelly Consulting Post-Closing Trial Balance April 30, 20Y8  Account No. Debit Credit Cash 11 22,100  Accounts Receivable 12 3,400  Supplies 14 1,350  Prepaid Rent 15 3,200  Prepaid Insurance 16 1,500  Office Equipment 18 14,500  Accumulated …Kelly Consulting. POST-CLOSING TRIAL BALANCE. April 30, 20Y5. ACCOUNT TITLE DEBIT CREDIT; 1. Cash. 22,100.00. 2. Accounts Receivable. 3,400.00. 3. Supplies. 1,350.00. 4. Prepaid Rent. ... 16 17 1 18 1 19 20 Owner's Equity 21 22 Post-Closing Trial Balance Rectangular Snip Kelly Consulting POST-CLOSING TRIAL …I've been thinking a lot about balance. What it is. What it isn't. Why it looks different and better on you than it does on me. If it's really attainable.... Edit Yo...Kelly Consulting Income Statement For the Month Ended May 31, 20Y8 Fees earned $40000.00 Expenses: Salary expense $1705.00 Rent expense 1600.00 Supplies expense 1370.00 Depreciation expense 330.00 Insurance expense 275.00 Miscellaneous expense 1295.00 Total expenses-6575.00 Net income $33425.00 Prepare a statement of stockholders' equity. If an ...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. ... and the post-closing trial balance as of April 30, 2019, is shown in Exhibit 17. ... Accrued receptionist salary on May 31 is $325. e. Rent expired during May is $1,600. f. Unearned ...Instant Answer. EXPERT VERIFIED. Step 1/8. To prepare an adjusted trial balance for Kelby Consulting as of December 31, 20Y8, follow these steps. Note that specific …Unformatted text preview: Kelly Consulting Post-Closing Trial Balance May 31, 20Y8 715 Stock v Retained Earnings v w N @® O 70,315 I S Common 3,21 S| Unearned Fees v W o o o o v W % N N %] Salaries Payable v N (=] w — (%) Accounts Payable v « Accumulated Depreciation 14,500 « Vv 1,225 S Office Equipment v < Insurance LU …Transcribed Image Text: Kelly Consulting Adjusted Trial Balance May 31, 2018 Account Title Debit Credit Cash v Accounts Receivable v Supplies v Prepaid Rent Prepaid Insurance v Office Equipment v Accumulated Depreciation Accounts Payable v Salaries Payable v Unearned Fees v Common Stock v Retained Earnings v Dividends v Fees Earned v …Kelly Consulting Unadjusted Trial Balance May 31, 20Y8 Debit Account Title Credit Balances Balances Cash 44,195 8,080 2,085 3,200 Accounts Receivable Supplies Prepaid Rent Prepaid Insurance Office Equipment Accumulated Depreciation 1,500 14,500 330 Accounts Payable 895 7,000 Salaries Payable Unearned Fees Common Stock Retained …31: Common Stock The post-closing trial balance as of April 30, 20Y8, is shown below: 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.

Prepare a post-closing trial balance. If an amount box does not require an entry, leave it blank. Kelly Consulting Post-Closing Trial Balance May 31, 20Y8; Account Title Debit Balances Credit Balances; Accounts Payable; Accumulated Depreciation; Cash; Common Stock; Salary Expense;

For each account in the post-closing trial balance, enter the balance in the appropriate Balance column of a four-column account. ... 8.36 / 11 Score: 149/149 1 3 $44,195.00 8,080.00 Kelly Consulting …

5.2: Prepare a Post-Closing Trial Balance. The ninth, and typically final, step of the process is to prepare a post-closing trial balance. The word “post” in this instance means “after.”. You are preparing a trial balance after the closing entries are complete. Like all trial balances, the post-closing trial balance has the job of ...Another great closing salutation is, “The magic of Christmas never ends and its greatest of gifts are family and friends. The Christmas card tradition first originated in the U.K. ...Kelly Pitney began her consulting business, Kelly Consulting, on April 1, 20Y8. The chart of accounts for Kelly Consulting is shown below: The post-dosing trial balance as of April 30, 20r8, is ahomn below: May 31: Paid electricity bill for May, $810. May 31: Recorded cash from cash clients for fees earned for the period May 26 − 31, $3, 300.Date Post. Ref. Debit Credit Account Name 20YB Closing Entries May 311 May 31 11 The following is a comprehensive problem which encompasses all of the elements learned in previous chapters. ... 10. Part 5 is optional Prepare a post-closing trial balance. If an amount box does not require an entry, leave it blank Kelly Consulting Post-Closing ...Part 5 is optional. Part 9: Prepare the closing entries below. Then, using the attached spreadsheet from part 2, post the entries to your general ledger. If an amount box does not require an entry, leave it blank. Image transcription text. Kelly Consulting Income Statement For the. Month Ended May 31, 20Y8 $ Fees earned v. 40,000 Expenses ...Retained earnings balance on May 31 = Total - Common stock = 65,225 - 30,000 = $35, 225 D …View the full answer 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, 20Y8. The chart of accounts for Kelly Consulting is shown below: 11 Cash 32 Retained Earnings. 12 Accounts Receivable 33 Dividends. 14 Supplies 41 Fees Earned. 15 Prepaid Rent 51 Salary ... Received cash from cash clients for fees earned for the period May 26-31, $3,300. 31. Provided services on account for the remainder of May, $2,650. 31. Kelly withdrew $10,500 for personal use. Instructions 1. The chart of accounts for Kelly Consulting is shown in Exhibit 9, and the post-closing trial balance as of April 30, 2019, is shown in ...

The post-closing trial balance as of April 30, 20Y8, is shown below: Kelly Consulting Post-Closing Trial Balance April 30, 20Y8 Account No. Debit Credit Cash 11 22,100 Accounts Receivable 12 3,400 Supplies 14 1,350 Prepaid Rent 15 3,200 Prepaid Insurance 16 1,500 Office Equipment 18 14,500 Accumulated Depreciation 19 330 Accounts Payable 21 800 Salaries Payable 22 120 Unearned Fees 23 2,500 ... Received cash from cash clients for fees earned for the period May 26-31, $3,300. 31. Provided services on account for the remainder of May, $2,650. 31. Kelly withdrew $10,500 for personal use. Instructions 1. The chart of accounts for Kelly Consulting is shown in Exhibit 9, and the post-closing trial balance as of April 30, 2019, is shown in ... Step 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, 20Y8. The chart of accounts for Kelly Consulting is shown below: 11 ... Instagram:https://instagram. daniel adams deliverance mapconrad palmisanoryan haywood updatelisa robertson home shopping network Aug 24, 2023 · The post-closing trial balance for Kelly Consulting as of May 31, 20Y8, shows no debit balances and credit balances in the respective accounts. **Explanation:** The post-closing trial balance is a list of accounts and their balances after all closing entries have been made at the end of an accounting period. Kelly Consulting Unadjusted Trial Balance May 31, 20Y8 Account Title Debit Balances Credit Balances Accounts Payable Accumulated Depreciation Cash … oms meaning in textbyrider monroeville vehicles Kelly Consulting Adjusted Trial Balance Mary 31, 2018 Account Title Debit Balances Credit Balances Not the question you’re looking for? Post any question and get expert help quickly.Transcribed Image Text: Kelly Consulting Adjusted Trial Balance May 31, 2018 Account Title Debit Credit Cash v Accounts Receivable v Supplies v Prepaid Rent Prepaid Insurance v Office Equipment v Accumulated Depreciation Accounts Payable v Salaries Payable v Unearned Fees v Common Stock v Retained Earnings v Dividends v Fees Earned v … rancho grande tomball tx The post-closing trial balance for Kelly Consulting as of May 31, 20Y8, shows no debit balances and credit balances in the respective accounts. **Explanation:** The post-closing trial balance is a list of accounts and their balances after all closing entries have been made at the end of an accounting period.Date Post. Ref. Debit Credit Account Name 20YB Closing Entries May 311 May 31 11 The following is a comprehensive problem which encompasses all of the elements learned in previous chapters. ... 10. Part 5 is optional Prepare a post-closing trial balance. If an amount box does not require an entry, leave it blank Kelly Consulting Post-Closing ...