2 7911 G) Insert Page Layout Formulas Data Review View Help Tell me what you want to do File Arial 10-AA Copy Format Painter8IU Paste Cipboard Alignment EX Number Number Naime Normal Balance 1110 Cash 1120 Accounts Recevable 1140 Prepaid Rent 1211 Office Equip 4 1130 Prepaid Insurance Debil 6 1150 Office Supplios Depr -Office Equip Cred 01312 Accum. Depr Computer Equip. Credit Credit 1212 Accum. Depr-Office Equip Credt 9 1311 Computer Equip 411 Buiding 1412 Accum. Depr-Buikding 3 1510 Land 4 2101 Accounts Payable 2102 Advanced Payments 2103 Interest Payable 2105 Salaries Payabke 16 17 8 9 2201 Mortgage Payable 2106 Income Taxes Payable 2202 Notes Payable 3100 Hudson Bloom, Capital Credt 3300 Hudson Bloom, Withdrawals Debit 4100 Computer&Consulting Revenue Credit Debit 23 3400 Income Summary 25 5010 Rent Expense 26 5020 Salary Expense 7 5030 Advertising Expense Debit 8 5040 Repairs &Maint Expense 5050 Oil & Gas Expense 29 Debt 5080 Supplies Expense Debit 5090 Interest Expense 32 5100 Insurance Expense Introduction FAQ Welcome Chart of Accounts Transactions General Journal Workshee Select destination and press ENTER or choose Paste O Type here to search 6J7911 (3) Compatibility Mode File Insert Page Layout Formulas Data Review View Help Tell me what you want to do Times New Ro 12 Copy * Format Painter BI .IT |X-/ 11 Elijah Jolly 8165 Byte of Accounting Transaction Description of transaction June 1: Hudson Bloom invested $152,236.00 cash and computer equipment with a fair market value of $42.280.00 in his new business, Byte &Accounting. 01 June 1 : Ceck # 5000 was used to purchased computer equipment costing si 2.880.00 from Elijah Jolly. The invoice umber was 20117 02 June 1 : Check # 5001 was used to purchased office equipment costing $1,316.00 from Office Express. The invoice number was 87417 10 June 2: Check # 5002 was used to make a down payment of S 30,000 00 on additional computer 04 equipment that was purchased from Royce Computers, invoice mmber 76542. The full price of the 1computer was S150,000.00. A five-year note was executed by Byte for the balance June 4: Additional office equipment costing $700.00 was purchased on credit from Discount Computer 05 3Corporation. The invoice uumber was 98432 June 8: Unsatisfactory office equipment costing S140.00 from invoice namber 98432 was returned to Discount Computer for credit to be applied against the outstanding balance owed by Byte 16 June 10: Check # 5003 was used to make a S23,000.00 payment reducing the prinicpal owed on the June 2 07 17 of computer equipment from R 14. Check # 5004 was used to purchase a one-year usurance ooliev covering its computer Introduction FAQ Welcome Chart of Accounts Transactions General Journal Worksheet Income Stat O Type here to search 7911 (3) Compa File insert Page Layout Formulas Dsta Review View Help Tell me what you want to do Cut b Copy * Format Painter B I u Times New Ro-12 A A Wrap Text Formatti Font B2 EX f Elijah Jolly 8165 4 A 32 15. June 21: Billed various miscellaneous local customers $4,700.00 for consulting services performed. 34 June 22: Check # 5009 was used to pay salaries of $935.00 to equipment operators for the week ending June 18. Ignore payroll taxes 16. y June 22: Received a bill for $1,115.00 from Computer Parts and Repair Co. for repairs to the computer 17 equipment. The invoice number was 43254 37 38 39 40 18 June 22: Check # 5010 was used to pay the advertising bill that was received on June 17. June 23: Purchased office supplies for $480.00 from Staples on account. 65498 The invoice number was 19 41 42 43 20 June 23: Cash in the amount of S3.765.00 was received on billings. 45 21 June 28: Billed S6.225.00 to miscellaneous customers for services performed to June 25 22 June 29: Paid the bill received on June 22, from Computer Parts and Repairs Co with Check # 5011. 47 48 9 23 June 29: Cash in the amount of S5,899.00 was received for billings 50 June 29: Check # 5012 was used to pay salaries of$935.00 to equipment operators for the week ending June 25. Ignore payroll taxes. 2 51 0. Racaitad a hill for tha amount of e00 00 Introduction FAQ Welcome Chart of Accounts Transactions General Journal Worksheet O Type here to search , E791 1 (3-Compatibility Mode File nsert Page Layout Formulas Data Review View Help Tell me what you want to do , cut Copy Format PainterBYU Times New Ro 12 A- B2 x Elijah Jolly 8165 4 A 52 2 June 30: Received a bill for the ansount of $890.00 from O& G Oil and Gas Co. The invoice mumber 53 was 784537 June 30: Check # 5013 was used to pay for airline tickets of S2,400.00 to send the kids to Grandma Ellen for the July 4th holiday | 7Adjusting Entries Round to two decimal places 58 27 The rent payment made on June 17 was for June, July and August. Expense the amount associated with one mouth's rent. 60 28 A physical inventory showed that only S191.00 worth of office supplies remained on hand as of June 30 The annal interest rate oa the mortgage payable was 7.25 percent. Interest expense for one-half month should be computed because the building and land were purchased and the liability incurred on June 16. 30 Record a journal entry to reflect that one half moeth's insurance has expired. , A review of Byte's job worksheets show that there are unbilled revenues in the amount of $,125.00 for the period of June 28-30. The fixed assets have estimated useful lives as follows: Building-31.5 years Computer Equipment -5.0 years ro Introduction FAQ Welcome |Chart of Accounts Transactions General lournal Worksheet lncome Stat O Type here to search . 911 -Compatibility Mode Exce Insert Page Layout Formulias Data Review View Help Tell me whast you want to do X Cut Copy Format PnteB A Byte of Accounting General Journal Note: You can only enter deta into the yelow filled cells 26 05 introduction FAQ Welcome | Chart of Accounts Transactions General Journal Worksheet Income Slatemer O Type here to search Esc F1 F2 F3 F4 F5 F6 F7 F8 F9 nsert Page Layout Formulas Data Reviw View Help Tell me what you want to deo Fomat hiter A Byte of Accounting General Journal Nohe: You can only enter deds into the yellow fiWed cells Deseription Introduction FAQ Welcome Chart of AccountsTransactions General Journal income stateme O Type here to search ESC F1 F2 F3 F4 FS F6 F7 / / /--, L?.. . 8 B I u Clea 42 For Period Ending January 0,1900 Dobd 1411 Building Cost 23 2105 Salaries Payabic FAQ 2 O Type here to search 2 8 8 8 2 8 8 23-21051 salaries 2 3 6-2202 8 8 8 2 2 8 2 8 2