Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

0 9 . June 1 6 : A check in the amount of $ 8 , 0 0 0 . 0 0 was received for

09. June 16: A check in the amount of $8,000.00 was received for services performed for Pitman Pictures.
10. June 16: Byte purchased a building and the land it is on for $119,000.00 to house its repair facilities and to store computer equipment. The lot on which the building is located is valued at $19,000.00. The balance of the cost is to be allocated to the building. Check # 5005 was used to make the down payment of $11,900.00. A thirty year mortgage with an inital payement due on August 1st, was established for the balance.
11. June 17: Check # 5006 for$8,800.00 was paid for rent of the office space for June, July, August and September.
12. June 17: Received invoice number 26354 in the amount of $300.00 from the local newspaper for advertising.
13. June 21: Accounts payable in the amount of $240.00 were paid with Check # 5007.
14. June 21: Check # 5008 was used to purchase a fax machine for the office from Office Machines Express for $650.00. The invoice number was 975-328.
15. June 21: Billed various miscellaneous local customers $4,200.00 for consulting services performed.
16. June 22: Check # 5009 was used to pay salaries of $810.00 to equipment operators for the week ending June 18. Ignore payroll taxes.
17. June 22: Received a bill for $1,240.00 from Computer Parts and Repair Co. for repairs to the computer equipment. The invoice number was 43254.
18. June 22: Check # 5010 was used to pay the advertising bill that was received on June 17.09. June 16: A check in the amount of $8,000.00 was received for services performed for Pitman Pictures.
10. June 16: Byte purchased a building and the land it is on for $119,000.00 to house its repair facilities and to store computer equipment. The lot on which the building is located is valued at $19,000.00. The balance of the cost is to be allocated to the building. Check # 5005 was used to make the down payment of $11,900.00. A thirty year mortgage with an inital payement due on August 1st, was established for the balance.
11. June 17: Check # 5006 for$8,800.00 was paid for rent of the office space for June, July, August and September.
12. June 17: Received invoice number 26354 in the amount of $300.00 from the local newspaper for advertising.
13. June 21: Accounts payable in the amount of $240.00 were paid with Check # 5007.
14. June 21: Check # 5008 was used to purchase a fax machine for the office from Office Machines Express for $650.00. The invoice number was 975-328.
15. June 21: Billed various miscellaneous local customers $4,200.00 for consulting services performed.
16. June 22: Check # 5009 was used to pay salaries of $810.00 to equipment operators for the week ending June 18. Ignore payroll taxes.
17. June 22: Received a bill for $1,240.00 from Computer Parts and Repair Co. for repairs to the computer equipment. The invoice number was 43254.
18. June 22: Check # 5010 was used to pay the advertising bill that was received on June 17.
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Data Analytics For Auditing Using ACL

Authors: Alvin A. Arens

4th Edition

0912503629, 978-0912503622

More Books

Students also viewed these Accounting questions