32. The fixed assets have estimated useful lives as follows:

Building - 31.5 years

Computer Equipment - 5.0 years

Office Equipment - 7.0 years

Use the straight-line method of depreciation. Management has decided that assets purchased during a month are treated as if purchased on the first day of the month. The building's scrap value is $8,000. The office equipment has a scrap value of $450. The computer equipment has no scrap value. Calculate the depreciation for one month.

Use the following information to calculate the cost of the building, computer equipment, and office equipment.

01.	June 1: Byte of Accounting, Inc. acquired $52,800 in cash from Lauryn and issued 2,200 shares of its common stock.
02.	June 1: Byte of Accounting, Inc. issued 2,590 shares of its common stock to Gillian Lindstrom after $26,160 in cash and computer equipment with a fair market value of $36,000 were received.
03.	June 1: Byte of Accounting, Inc. issued 2,439 shares of its common stock after acquiring from Courtney $44,400 in cash, computer equipment with a fair market value of $13,440 and office equipment with a fair value of $696.
04.	June 2: A down payment of $27,000 in cash was made on additional computer equipment that was purchased for $135,000. A five-year note was executed by Byte for the balance.
05.	June 4: Additional office equipment costing $600 was purchased on credit from Discount Computer Corporation.
06.	June 8: Unsatisfactory office equipment costing $120 was returned to Discount Computer for credit to be applied against the outstanding balance owed by Byte.
07.	June 10: Byte paid $20,750 on the balance it owed on the June 2 purchase of computer equipment.
08.	June 14: A one-year insurance policy covering its computer equipment was purchased by Byte for $6,312 in cash. The effective date of the policy was June 16.
09.	June 16: A check in the amount of $6,250 was received for consulting revenue.
10.	June 16: Byte purchased a building and the land it is on for $137,000, to house its repair facilities and to store computer equipment. The lot on which the building is located is valued at $22,000. The balance of the cost is to be allocated to the building. Byte made a cash down payment of $13,700 and executed a mortgage for the balance. The mortgage is payable in eight equal annual installments beginning July 1.
11.	June 17: Cash of $8,800 was paid for rent for June, July, August and September. Put the total amount into the Prepaid Rent account.
12.	June 17: Received a bill of $375 from the local newspaper for advertising.
13.	June 21: Accounts payable in the amount of $480 were paid.
14.	June 21: A fax machine for the office was purchased for $875 cash.
15.	June 21: Billed various miscellaneous local customers $4,500 for consulting services performed.
16.	June 22: Paid salaries of $960 to equipment operators for the week ending June 18.
17.	June 22: Received a bill for $1,215 from Computer Parts and Repair Co. for repairs to the computer equipment.
18.	June 22: Paid the advertising bill that was received on June 17.
19.	June 23: Purchased office supplies for $530 on credit. Record the purchase as an increase to the assets.
20.	June 23: Cash in the amount of $3,605 was received on billings.
21.	June 28: Billed $5,385 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.
23.	June 29: Cash in the amount of $5,101 was received for billings.
24.	June 29: Paid salaries of $960 to equipment operators for the week ending June 25.
25.	June 30: Received a bill for the amount of $1,015 from O & G Oil and Gas Co.
26.	June 30: Paid a cash dividend of $0.16 per share to the three shareholders of Byte. [IMPORTANT NOTE: The number of shares of capital stock outstanding can be determined from the first three transactions.]
	Adjusting Entries - Round to two decimal places.
27.	The rent payment made on June 17 was for June, July, August and September. Expense the amount associated with one month's rent.
28.	A physical inventory showed that only $214.00 worth of office supplies remained on hand as of June 30.
29.	The annual interest rate on the mortgage payable was 9.00 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.	Information relating to the prepaid insurance may be obtained from the transaction recorded on June 14. Expense the amount associated with one half month's insurance.
31.	A review of Bytes job worksheets show that there are unbilled revenues in the amount of $8,750 for the period of June 28-30.