Adjusting Entries - Round to two decimal places.
27.	The rent payment made on June 17 (3600 )was for June and July. Expense the amount associated with one month's rent.
28.	A physical inventory showed that only $259.00 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.	Record a journal entry to reflect that one half month's insurance has expired.
31.	A review of Bytes job worksheets show that there are unbilled revenues in the amount of $5,625.00 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
32.	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 buildings scrap value is $500.00. The office equipment has a scrap value of $350.00. The computer equipment has no scrap value. Calculate the depreciation for one month.
33.	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.
34.	The note payable to Royce Computers (transactions 04 and 07) 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.
	Closing Entries
35.	Close the revenue accounts.
36.	Close the expense accounts.
37.	Close the income summary account.
38.	Close the withdrawals account.