May 30 . Paid telephone bill for May , $ 260 . May 31 . Paid electricity bill for May , $ 810 . May 31 . Recorded cash from cash clients for fees earned for the period May 26-31 , $ 3300 May 31 . Recorded services provided on account for the remainder of May , $ 2650 . May 31 . Paid dividends $ 10,500 . INSTUCTIONS :
The chart of accounts for Kelly Consulting is shown on page 164 , and the post-closing trial balance as of April 30 , 2014 , is shown on page 171 . For each account in the post-closing trial balance , enter the balance enter the balance in the appropriate Balance column of a four-column account . Date the balances May 1 , 2014 , and place a check mark in the post reference column . Journalize each of the May transactions in a two- column journal using Kelly Consulting ' s chart of accounts . ( Do not insert the account numbers in the journal at this time .)
Post the journal to a ledger of four-column accounts . Prepare and unadjusted trial balance .
At the end of May , the following adjustment data were assembled . Analyze and use these data to complete parts ( 5 ) 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 $ 3210 .
( Optional ). Enter the unadjusted trial balance on an end-of-period spreadsheet ( worksheet ) and complete the spreadsheet
Journalize and post the adjusting entries . Record the adjusting entries on page 7 of the journal . Prepare an adjusted trial balance . Prepare an income statement , retained earnings statement , and balance sheet .