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Joumal PAGE 7 Kelly Consulting POST-CLOSING TRIAL BALANCE April 30, 20 Y5 Journal PAGE 6 JOURNAL Required: 1. The chart of accounts is shown in a separate panel and the post-closing trial balance as of April 30, 20Y5, is shown below. A. Download the spreadsheet in the Ledger panel and save the Excel file to your computer. Be sure to save your work in Excel as it will be used to complete the following steps in Part 1 of this problem as well as steps In Part 2 of this problem. Your input into tho spreadsheot will not be included in your grade in CengageNOW on this problem. B. For each account in the post-closing trial balance, enter the balance in the appropriate Balance column of a four-column account. Date the balances May 1, 20Y5, enter Balance in the Item column and enter ' X ' in the Posting Feforence column. C. Journalize each of the May transactions in a fwo-column joumal starting on Page 5 of the journal. Refer to the chart of accounts for the exact wording of the account tilles. CNOW joumals do not use lines for journal explanations. Every line on a journal page is used for dobit or crecit entries. CNOW joumals will automatically indent a crodit entry when a credit amount is ontorod. (Do not insert the account numbers in the journal at this time.) 2. Post the joumal entries on pages 5 and 6 of the journal to the ledger of four-column accounts. A. Use the spreadsheet to post the May transactions from the journal to a ledger of four-column acconts. B. Add the appropriate posting reterence to the journal. 3. Prepare an unadjusted trial balance. Accounts with zero balances can be left blank: 4. At the end of May, the following adjustment data were assembled. Analyze and use these data to complete parts (5) and (6). - Insurance oxpired during May is \$275. - Supplies on hand on May 31 are $715. - Depreciation of office equipment for May is $330. - Accrued receptionist salary on May 31 is $325. - Rent expired during May is $1,600. - Unearned fees on May 31 are \$3,210. Adjusted Trial Balance unewenders, M sco Unadjusted Trial Balance CHART OF ACCOUNTS Kelly Consulting General Ledger ASSETS 11 Cash 12 Accounts Receivable 14 Supplies 15 Prepaid Rent 16 Prepaid Insurance 18 Office Equipment 19 Accumulated Depreciation LIABILITIES 21 Accounts Payable 22 Salaries Payable 23 Unearned Fees EQUITY 31 Kelly Pitney, Capital 32 Kelly Pitney, Drawing REVENUE 41 Fees Earned EXPENSES 51 Salary Expense 52 Rent Expense 53 Supplies Expense 54 Depreciation Expense 55 Insurance Expense 59 Miscellaneous Expense

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