Adjusting Entries $-$ Round to two decimal places.

$30.$ The rent payment made on June $17$ was for June, July and August. Expense the amount associated with one month's rent.

$31.$ A physical inventory showed that only $$335\mathrm{.}00$ worth of general office supplies remained on hand as of June $30.$ This did not include any of the Super RoutePro. There were $5$ units of Super RoutePro on hand. We use FIFO to determine the valuation of the supplies.

$32.$ The annual interest rate on the mortgage payable was $8\mathrm{.}00$ percent. Interest expense for one$-$half month should be computed because the building and land were purchased and the liability incurred on June $16.$

$33.$ Record a journal entry to reflect that one half month's insurance has expired.

$34.$ A review of Byte$$s job worksheets show that there are unbilled revenues in the amount of $$19,250\mathrm{.}00$ for the period of June $28-30.$

The Building and the Office Equipment have the following estimated useful lives:

Building $-31\mathrm{.}5$ years

$35.$ Office Equipment $-7\mathrm{.}0$ years

Management has decided that assets purchased during a month are treated as if purchased on the first day of the month. The building$$s salvage value is $$500\mathrm{.}00.$ The office equipment has a salvage value of $$300\mathrm{.}00.$ Calculate the depreciation for one month using the straight$-$line method of depreciation.

The Computer Equipment has an estimated useful life of $5\mathrm{.}00$ 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 scrap value is $$20,000\mathrm{.}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 $$606\mathrm{.}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 $$108,000\mathrm{.}00.$ On June $10,$ eight days later, $$20,750\mathrm{.}00$ was repaid. Interest expense must be

calculated on the $$108,000\mathrm{.}00$ for eight days. In addition, interest expense on the $$87,250\mathrm{.}00$ balance of the loan $($$$108,000\mathrm{.}00$ less $$20,750\mathrm{.}00=$ $$87,250\mathrm{.}00)$ must be calculated for the $20$ days remaining in the month of June.$]$

$39.$ Our CPA has informed us to estimate that $1\mathrm{.}00\%$ of Computer & Consulting Revenue will be uncollectable. Use the information in the Adjusted Trial Balance columns of the Worksheet.