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(Solved): Comprehensive Problem 1 Part 4 and Part 6: The following is a comprehensive problem which encompas ...




Comprehensive Problem 1
Part 4 and Part 6:
The following is a comprehensive problem which encompasses all of the elements lea


Comprehensive Problem 1
Part 1:
The following is a comprehensive problem which encompasses all of the elements learned in pre
Comprehensive Problem 1 Part 4 and Part 6: The following is a comprehensive problem which encompasses all of the elements learned in previous chapters. You can ref to the objectives for each chapter covered as a review of the concepts. Note: You must complete parts 1,2 and 3 before completing parts 4 and 6 . Please note that part 5 is optional. Part 4: At the end of May, the following adjustment data were assembled. Analyze and use these data to complete parts and \( (6) \). a. Insurance expired during May is \( \$ 275 \). b. Supplies on hand on May 31 are \( \$ 715 \). c. Depreciation of office equipment for May is \( \$ 330 \). d. Accrued receptionist salary on May 31 is \( \$ 325 \). e. Rent expired during May is \( \$ 1,600 \). f. Unearned fees on May 31 are \( \$ 3,210 \). Part 6: Journalize the adjusting entries. Then, post the entries to the attached spreadsheet from part \( 2 . \) a. Insurance expired during May is \( \$ 275 \). Comprehensive Problem 1 Part 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: The post-closing trial balance as of April \( 30,20 \mathrm{Y} 8 \), is shown below:


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The journal entries can be recorded as below:- Requirement A:- Particulars Amount Amount May Insurance expense a/c $ 275 Prepaid Insurance a/c $ 275 (To record the expired Insurance) Requirement B:- Particulars Amount Amount May 31 Supplie
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