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Comprehensive Problem 1 Part 10:

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.

Note: You must complete parts 1, 2, 3, 4, 6, 7, 8 and 9 before completing part 10. Part 5 is optional.

Prepare a post-closing trial balance. If an amount box does not require an entry, leave it blank.

Kelly Consulting Post-Closing Trial Balance May 31, 20Y8

Account Title	Debit Balances	Credit Balances
Accounts PayableAccumulated DepreciationCashCommon StockSalary Expense	fill in the blank 2	fill in the blank 3
Accounts PayableAccounts ReceivableAccumulated DepreciationRent ExpenseSalaries Payable	fill in the blank 5	fill in the blank 6
Fees EarnedMiscellaneous ExpenseSuppliesSupplies ExpenseUnearned Fees	fill in the blank 8	fill in the blank 9
Accumulated DepreciationCommon StockPrepaid RentRent ExpenseSalaries Payable	fill in the blank 11	fill in the blank 12
Accounts PayableCommon StockInsurance ExpensePrepaid InsuranceUnearned Fees	fill in the blank 14	fill in the blank 15
Accumulated DepreciationCommon StockOffice EquipmentSalaries PayableSupplies Expense	fill in the blank 17	fill in the blank 18
Accounts ReceivableAccumulated DepreciationCashDepreciation ExpenseOffice Equipment	fill in the blank 20	fill in the blank 21
Accounts PayableCashCommon StockOffice EquipmentRent Expense	fill in the blank 23	fill in the blank 24
Accounts ReceivableFees EarnedOffice EquipmentSalaries PayableSalary Expense	fill in the blank 26	fill in the blank 27
CashFees EarnedMiscellaneous ExpenseOffice EquipmentUnearned Fees	fill in the blank 29	fill in the blank 30
Accounts PayableCommon StockInsurance ExpenseOffice EquipmentPrepaid Rent	fill in the blank 32	fill in the blank 33
Accounts PayableInsurance ExpenseOffice EquipmentPrepaid RentRetained Earnings	fill in the blank 35	fill in the blank 36
Total	fill in the blank 37	fill in the blank 38

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