Kelly pitney closing entries
Web1. 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 … WebKelly Pitney began her consulting business, Kelly Consulting, on April 1, 2014. 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.
Kelly pitney closing entries
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WebDuring May, Kelly Consulting entered into the following transactions:May 3. Received cash from clients as an advance payment for services to be providedand recorded it as unearned fees, $4,500.5. Received cash from clients on account, $2,450.9. Paid cash for a newspaper advertisement, $225.13. WebPrepare the closing entries on Page 8 of the journal. Refer to the Chart of Accounts for exact wording of account titles. B.Use the spreadsheet to post the closing entries to the ledger of four-column accounts. Add the appropriate posting reference to the journal in CengageNOW. 10.Prepare a post-closing trial balance.Instructions Chart of Accounts
WebKelly Pitney began her consulting business, Kelly Consulting, on April 1, 20Y8. The accounting cycle for Kelly Consulting for April, including financial statements, was illustrated in this chapter. ... Record the closing entries on Page 8 of d1e journal. (Income Summary is account #34 in d1e chart of accounts.) Indicate closed accounts by ... Webequipment: Kelly Pitney, Office equipment $14,500 capital 61,965. Less accum. depr. 660 13,840 Total liabilities and. Total assets $ 65,005 owner’s equity $ 65,005. 9. JOURNAL …
WebOct 25, 2016 · Kelly pitney began her consulting business, Kelly Consulting, on April 1, 2010. The accounting cylcle for Kelly Consulting for April , including financial statements was … WebMay 31, 2024 · Kelly Pitney began her consulting business, Kelly Consulting, on April 1, 2024. 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: Record the following transactions on Page 6 of the journal:
WebOct 25, 2016 · The chart of accounts for Kelly Consulting is shown on page 158, and the post-closing trail balance as of April 30, 2010 is shown on page 166. For each account in the post-closing trial balance, enter the balance in the appropriate balance column of a four column account.
WebAnswer Check Figure: Net income, $33,425 Prepare and post the closing entries. Record the closing entries of the journal. Indicate closed accounts by inserting a line in both Balance columns opposite the closing entry. Prepare a post-closing trial balance Kelly Pitney began her consulting business, Kelly Consulting, on April 1, 20Y5. swanseabayuniversityhealthboardbloodtestsWebFor the closing entries, first close the expense accounts to the income summary. Next, is to close the revenue account. Then, close the income summary to the capital. Lastly, close the drawing account to capital. This is done so the temporary accounts … skin screenshot csgoWebApr 1, 2024 · Kelly Pitney began her consulting business, Kelly Consulting, on April 1, 2024. The accounting cycle for Kelly Consulting for April, including financial statements, was … skins crearWebYou 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 ... swansea bay university health board formularyWebIndicate closed accounts by inserting a line in both Balance columns opposite the closing entry.10. Prepare a post-closing trial balance. Kelly Pitney began her consulting business, Kelly Consulting, on April 1, 2024. The accounting cycle for Kelly Consulting for April, including financial statements, was illustrated in this chapter. skins cricket clothingWebDuring May, Kelly Consulting entered into the following transactions: Record the following transactions on Page 6 of the journal: Kelly Consulting POST-CLOSING TRIAL BALANCE … skinscreener.comWebOct 25, 2024 · Chapter Review 4-9jComprehensive Problem 1 Kelly Pitney began her consulting business, Kelly Consulting, on April 1, 20Y5. The accounting cycle for Kelly Consulting for April, including financial statements, was illustrated in this chapter. ... Record the closing entries of the journal. Indicate closed accounts by inserting a line in both ... skinscreen albany creek