accting3.docx - Kelly Pitney began her consulting business Kelly Consulting on April 1 2016 The accounting cycle for Kelly Consulting for April

accting3.docx - Kelly Pitney began her consulting business...

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Kelly Pitney began her consulting business, Kelly Consulting, on April 1, 2016. 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 unearne $4,500. 5 Received cash from clients on account, $2,450. 9 Paid cash for a newspaper advertisement, $225. 13 Paid Office Station Co. for part of the debt incurred on April 5, $640. 15 Recorded services provided on account for the period May 1–15, $9,180. 16 Paid part-time receptionist for two weeks’ salary including the amount owed on April 30, $750. 17 Recorded cash from cash clients for fees earned during the period May 1–16, $8,360. Record the following transactions on Page 6 of the journal: May 20 Purchased supplies on account, $735. 21 Recorded services provided on account for the period May 16–20, $4,820.
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  • Fall '16
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