35.	Office Equipment - 7.0 years
	Management has decided that assets purchased during a month are treated as if purchased on the first day of the month. The buildings salvage value is $7,500.00. The office equipment has a salvage value of $350.00. Calculate the depreciation for one month using the straight-line method of depreciation.
	The Computer Equipment has an estimated useful life of 5.00 years.
36.	Management has decided that assets purchased during a month are treated as if purchased on the first day of the month. The computer equipment's salvage value is $20,000.00. Calculate the depreciation for one month using the double declining method of depreciation.
37.	A review of the payroll records show that unpaid salaries in the amount of $531.00 are owed by Byte for three days, June 28 - 30. Ignore payroll taxes.
	The note payable to Royce Computers (transactions 04 and 08) is a five-year note, with interest at the rate of 12 percent annually. Interest expense should be computed based on a 360 day year.
38.	[IMPORTANT NOTE: The original note on the computer equipment purchased on June 2 was $116,000.00. On June 10, eight days later, $22,250.00 was repaid. Interest expense must be
	calculated on the $116,000.00 for eight days. In addition, interest expense on the $93,750.00 balance of the loan ($116,000.00 less $22,250.00 = $93,750.00) must be calculated for the 20 days remaining in the month of June.]
39.	Our CPA has informed us to estimate that 2.00% of Computer & Consulting Revenue will be uncollectable.
40.	Based on the information on the "Bank Reconciliation" sheet prepare the journal entry required to increases cash.
41.	Based on the information on the "Bank Reconciliation" sheet prepare the journal entry required to decreases cash.
42.	Income taxes are to be computed at the rate of 25 percent of net income before taxes.
	[IMPORTANT NOTE: Since the income taxes are a percent of the net income you will want to prepare the Income Statements through the Net Income Before Tax line. The worksheet contains all of the accounts and their balances which you can then transfer to the appropriate financial statement.]
	Closing Entries
43.	Close the revenue accounts.
44.	Close the expense accounts.
45.	Close the income summary account.
46.	Close the dividends account.