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\begin{tabular}{|l|r|}
\hline
Salary expense & \[tex]$1,705 \\
\hline
Rent expense & \$[/tex]1,600 \\
\hline
Supplies expense & \[tex]$1,370 \\
\hline
Depreciation expense & \$[/tex]330 \\
\hline
Insurance expense & \[tex]$275 \\
\hline
Miscellaneous expense & \$[/tex]1,295 \\
\hline
\end{tabular}

\noindent
\textbf{Total expenses:}

\noindent
\textbf{Net income:} [tex]$\square$[/tex]

\begin{tabular}{|c|c|c|c|}
\hline
\multicolumn{4}{|c|}{
\begin{tabular}{l}
Kelly Consulting \\
Statement of Stockholders' Equity \\
For the Month Ended May 31, 20Y8
\end{tabular}
} \\
\hline
& \begin{tabular}{l}
Common \\ Stock
\end{tabular} & \begin{tabular}{l}
Retained \\ Earnings
\end{tabular} & Total \\
\hline
Balances, May 1, 20Y8 & & & \\
\hline
\begin{tabular}{l}
Net income
\end{tabular} & & [tex]$\square$[/tex] & \\
\hline
\begin{tabular}{l}
Dividends \\
Balances, May 31, 20Y8
\end{tabular} & & [tex]$\square$[/tex] & [tex]$\square$[/tex] \\
\hline
& & & \\
\hline
\end{tabular}

\begin{tabular}{|l|}
\hline
\begin{tabular}{c}
Kelly Consulting \\
Balance Sheet \\
May 31, 20Y8
\end{tabular} \\
\hline
Current assets: \\
\hline
Assets \\
\hline
\end{tabular}



Answer :

GinnyAnswer
To determine the total expenses for Kelly Consulting, we need to add up all the individual expenses listed. Here's a structured step-by-step solution:

1. List the expenses:
- Salary expense: \[tex]$1,705 - Rent expense: \$[/tex]1,600
- Supplies expense: \[tex]$1,370 - Depreciation expense: \$[/tex]330
- Insurance expense: \[tex]$275 - Miscellaneous expense: \$[/tex]1,295

2. Add up the expenses:
- Start by adding salary and rent expenses:
[tex]\[ 1,705 + 1,600 = 3,305 \][/tex]

- Add the supplies expense to the result:
[tex]\[ 3,305 + 1,370 = 4,675 \][/tex]

- Add the depreciation expense to the result:
[tex]\[ 4,675 + 330 = 5,005 \][/tex]

- Add the insurance expense to the result:
[tex]\[ 5,005 + 275 = 5,280 \][/tex]

- Finally, add the miscellaneous expense:
[tex]\[ 5,280 + 1,295 = 6,575 \][/tex]

3. Total expenses:
- The sum of all the listed expenses is:
[tex]\[ \$6,575 \][/tex]

Hence, the total expenses for Kelly Consulting for the given period amount to \$6,575.

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