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What is the unadjusted trial balance of Kelly Consulting?

The journal entries:

May 3: Received cash from clients as an advance payment for services to be provided and recorded as unearned fees, $4,500.
Debit: Cash  $4500
Credit: Unearned Fees $4500
_____
May 5: Received cash from clients on account, $2,450.
Debit: Cash $2,450
Credit: Accounts Receivable $2,450
_____
May 9: Paid cash for a newspaper advertisement, $225.
Debit: Miscellaneous Expense $225
Credit: Cash  $225
_____
May 13: Paid Office Station Co. for part of the debt incurred on April 5, $640.
Debit: Accounts Payable  $640
Credit: Cash $640
_____
May 15: Recorded services provided on account for the period May 1–15, $9,180.
Debit: Accounts Receivable $9,180
Credit: Fees Earned $9,180
_____
May 16: Paid part-time receptionist for two weeks' salary including the amount owed on April 30, $750.
Debit: Salaries Expense $630
Debit: Salary Payable $120
Credit: Cash $750
_____
May 17: Recorded cash from cash clients for fees earned during the period May 1–16, $8,360.
Debit: Cash $8,360
Credit: Fees Earned $8,360
_____
May 20: Purchased supplies on account, $735.
Debit: Supplies  $735
Credit: Accounts Payable $735
_____
May 21: Recorded services provided on account for the period May 16–20, $4,820.
Debit: Accounts Receivable $4,820
Credit: Fees Earned $4,820
_____
May 25: Recorded cash from cash clients for fees earned for the period May 17–23, $7,900.
Debit: Cash $7,900
Credit: Fees Earned $7,900
_____
May 27: Received cash from clients on account, $9,520.
Debit: Cash $9,520
Credit: Accounts Receivable $9,520
_____
May 28: Paid part-time receptionist for two weeks' salary, $750.
Debit: Salaries Expense $750
Credit: Cash $750
_____
May 30: Paid telephone bill for May, $260.
Debit: Miscellaneous Expense $260
Credit: Cash $260
_____
May 31: Paid electricity bill for May, $810.
Debit: Miscellaneous Expense  $810
Credit: Cash  $810
_____
May 31: Recorded cash from cash clients for fees earned for the period May 26–31, $3,300.
Debit: Cash $3,300
Credit: Fees Earned $3,300
_____
May 31: Recorded services provided on account for the remainder of May, $2,650.
Debit: Accounts Receivable $2,650
Credit: Fees Earned $2,650
_____
May 31: Kelly withdrew $10,500 for personal use.
Debit: Kelly Pitney, Drawing $10,500
Credit: Cash $10,500

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Egie Boy CaubaLv5
27 Jan 2021

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Ineed the correct journal entries for these transactions (postrefereance not needed) and what the trial balance should be equalafter. My check figure says $76,630 for the trial.THANKSS!





May 3: Received cash fromclients as an advance payment for services to be provided andrecorded it as unearned fees, $3,000.

May5: Received cash from clients on account, $2,100.

May9: Paid cash for a newspaper advertisement, $300.

May13: Paid Office Station Co. for part of the debt incurred onApril 5, $400.

May15: Recorded services provided on account for the period May1-15, $7,350.

May16: Paid part-time receptionist for two weeks' salaryincluding the amount owed on April 30, $750.

May17: Recorded cash from cash clients for fees earned duringthe period May 1-16, $6,150.

May20: Purchased supplies on account, $600.

May21: Recorded services provided on account for the period May16-20, $6,175.

May25: Recorded cash from cash clients for fees earned for theperiod May 17-23, $3,125.

May27: Received cash from clients on account, $11,250.

May28: Paid part-time receptionist for two weeks' salary, $750.

May30: Paid telephone bill for May, $120

May31: Paid electricity bill for May, $290.

May31: Recorded cash from cash clients for fees earned for theperiod May 26-31, $2,800.

May31: Recorded services provided on account for the remainderof May, $1,900

May31: Paid dividends of $15,000.

PART ONE: The accounts in the ledger of Hickory FurnitureCompany as of December 31, 2016, are listed in alphabetical orderas follows. All accounts have normal balances. The balance of thecash account has been intentionally omitted. I AMMISSING CASH (DEBIT) and Debit TOTAL---only

Accounts Payable $ 42,880

Notes Payable $ 41,000

Accounts Receivable 115,430

Prepaid Insurance 20,400

Cash ?

Rent Expense 45,000

Common Stock 15,000

Retained Earnings 51,000

Dividends 22,500

Supplies 4,940

Fees Earned 746,050

Supplies Expense 6,070

Insurance Expense 3,100

Unearned Rent 13,200

Land 41,000

Utilities Expense 26,840

Miscellaneous Expense 9,900

Wages Expense 572,100

Prepare an unadjusted trial balance and insert the missingfigure for cash.

Hickory FurnitureCompany
UNADJUSTED TRIAL BALANCE
Score: 68/75
December 31,2016
ACCOUNT TITLE DEBIT CREDIT
1
Cash
2
Accounts Receivable
✔
3
Supplies
4
Prepaid insurance
✔
5
Land
✔
6
Accounts Payable
✔
7
Unearned Rent
✔
8
Notes Payable
✔
9
Common Stock
✔
10
Retained Earnings
✔
11
Dividends
✔
12
Fees Earned
✔
13
Wages Expense
✔
14
Rent Expense
✔
15
Utilities Expense
✔
16
Supplies Expense
✔
17
Insurance Expense
✔
18
Miscellaneous Expense
✔
19
Totals
✔

PART TWO:

On July 24, it was discovered that the following errors tookplace in journalizing and posting transactions:

a. Cash of $8,100 received on accountwas recorded as a debit to Fees Earned and a credit to Cash.
b. A $1,560 purchase of supplies forcash was recorded as a debit to Supplies Expense and a credit toAccounts Payable.

Journalize the entries on July 24 to correct the errors. Use twotransactions to correct the error described in b. (That is, recordan entry to reverse the incorrect entry and a second entry torecord the correct entry.) Refer to the Chart of Accounts for exactwording of account titles.

JOURNAL
DATE DESCRIPTION POST. REF. DEBIT CREDIT
1
XXXX
2
3
4
5
XXXX
XXX
6
XXXX
7
XXXX
CHARTOF ACCOUNTS
General Ledger
ASSETS
11 Cash
12 Accounts Receivable
13 Supplies
14 Prepaid Rent
15 Land
16 Office Equipment
17 Automobiles
LIABILITIES
21 Accounts Payable
22 Salaries Payable
23 Notes Payable
EQUITY
31 Common Stock
32 Retained Earnings
33 Dividends
REVENUE
41 Fees Earned
EXPENSES
51 Advertising Expense
52 Automobile Expense
53 Insurance Expense
54 Rent Expense
55 Salaries Expense
56 Supplies Expense
57 Utilities Expense
58 Miscellaneous Expense

Hello,

i am in accounting and having trouble with my general ledger. i need help with the set up and exactly how to do the balances. its not clicking with me at all. below i have included the information on the problem im working on, and would be great if i could some help.

Journal Entries and Trial Balance

On June 1, 2016, Kim Wheeler established an interior decorating business, Intrex Designs. During the month, Kim completed the following transactions related to the business.

June 1 Kim transferred cash from a personal bank account to an account to be used for the business, $18,400.
4 Paid rent for period of June 4 to end of month, $1,780.
6 Purchased a truck for $15,000, paying $1,000 cash and giving a note payable for the remainder.
8 Purchased equipment on account, $7,180.
10 Purchased supplies for cash, $1,230.
12 Paid annual premiums on property and casualty insurance, $2,760.
15 Received cash for job completed, $7,730.
23 Paid creditor a portion of the amount owed for equipment purchased on June 13, $2,560.
24 Recorded jobs completed on account and sent invoices to customers, $8,800.
25 Received an invoice for truck expenses, to be paid in July, $810.
26 Paid utilities expense, $920.
27 Paid miscellaneous expenses, $330.
28 Received cash from customers on account, $3,680.
29 Paid wages of employees, $2,450.
30 Withdrew cash for personal use, $2,040.

Required:

1. Journalize each transaction in a two-column journal, beginning on Page 1, referring to the following chart of accounts in selecting the accounts to be debited and credited. (Do not insert the account numbers in the journal at this time.) Journal entry explanations may be omitted. For a compound transaction, if an amount box does not require an entry, leave it blank.

11 Cash 31 Kim Wheeler, Capital
12 Accounts Receivable 32 Kim Wheeler, Drawing
13 Supplies 41 Fees Earned
14 Prepaid Insurance 51 Wages Expense
16 Equipment 53 Rent Expense
18 Truck 54 Utilities Expense
21 Notes Payable 55 Truck Expense
22 Accounts Payable 59 Miscellaneous Expense
General Journal Page 1
Date Description Post. Ref. Debit Credit
2016
June 1 Cash
Kim Wheeler, Capital
June 4 Rent Expense
Cash
June 6 Truck
Cash
Notes Payable
June 8 Equipment
Accounts Payable
June 10 Supplies
Cash
June 12 Prepaid Insurance
Cash
June 15 Cash
Fees Earned
General Journal Page 2
Date Description Post. Ref. Debit Credit
2016
June 23 Equipment
Accounts Payable
June 24 Accounts Receivable
Fees Earned
June 25 Truck Expense
Accounts Payable
June 26 Utilities Expense
Cash
June 27 Miscellaneous Expense
Cash
June 28 Cash
Accounts Receivable
June 29 Wages Expense
Cash
June 30 Kim Wheeler, Drawing
Cash



2. Post (in chronological order) the journal to a ledger of four-column accounts, inserting appropriate posting references in the general journal as each item is posted. Extend the balances to the appropriate balance columns after each transaction is posted. If an amount box does not require an entry, leave it blank.

General Ledger
Account Cash ACCOUNT NO. 11
Balance
Date Item Post. Ref. Debit Credit Debit Credit
2016
June 1
June 4
June 6
June 10
June 12
June 15
June 23
June 26
June 27
June 28
June 29
June 30
Account Accounts Receivable ACCOUNT NO. 12
Balance
Date Item Post. Ref. Debit Credit Debit Credit
2016
June 24
June 28
Account Supplies ACCOUNT NO. 13
Balance
Date Item Post. Ref. Debit Credit Debit Credit
2016
June 10
Account Prepaid Insurance ACCOUNT NO. 14
Balance
Date Item Post. Ref. Debit Credit Debit Credit
2016
June 12
Account Equipment ACCOUNT NO. 16
Balance
Date Item Post. Ref. Debit Credit Debit Credit
2016
June 8
Account Truck ACCOUNT NO. 18
Balance
Date Item Post. Ref. Debit Credit Debit Credit
2016
June 6
Account Notes Payable ACCOUNT NO. 21
Balance
Date Item Post. Ref. Debit Credit Debit Credit
2016
June 6
Account Accounts Payable ACCOUNT NO. 22
Balance
Date Item Post. Ref. Debit Credit Debit Credit
2016
June 8
June 23
June 25
Account Kim Wheeler, Capital ACCOUNT NO. 31
Balance
Date Item Post. Ref. Debit Credit Debit Credit
2016
June 1
Account Kim Wheeler, Drawing ACCOUNT NO. 32
Balance
Date Item Post. Ref. Debit Credit Debit Credit
2016
June 30
Account Fees Earned ACCOUNT NO. 41
Balance
Date Item Post. Ref. Debit Credit Debit Credit
2016
June 15
June 24
Account Wages Expense ACCOUNT NO. 51
Balance
Date Item Post. Ref. Debit Credit Debit Credit
2016
June 29
Account Rent Expense ACCOUNT NO. 53
Balance
Date Item Post. Ref. Debit Credit Debit Credit
2016
June 4
Account Utilities Expense ACCOUNT NO. 54
Balance
Date Item Post. Ref. Debit Credit Debit Credit
2016
June 26
Account Truck Expense ACCOUNT NO. 55
Balance
Date Item Post. Ref. Debit Credit Debit Credit
2016
June 25
Account Miscellaneous Expense ACCOUNT NO. 59
Balance
Date Item Post. Ref. Debit Credit Debit Credit
2016
June 27

3. Prepare an unadjusted trial balance for Intrex Designs as of June 30, 2016. For those boxes in which no entry is required, leave the box blank. The first two account titles are filled in as an example.

Intrex Designs
Unadjusted Trial Balance
June 30, 2016
Debit Balances Credit Balances
Cash
Accounts Receivable
Totals

4. Determine the excess of revenues over expenses for June.
$

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