byte of accounting please help with my excel sheet i added the chart of accounts for more info

Clipboard Font Alignment D10 1 B Byte of Accounting 2 Aya 1 2184 3 Transaction Description of transaction June 1: Hudson Bloom invested $145.948.00 cash and computer equipment with a fair market value of 01 $33,880.00 in his new business, Byte of Accounting 4 5 02 June 1: Check 5000 was used to purchased office equipment costing $968.00 from Office Express. The invoice number was 87417. 6 7 03 June 1: Check W 5001 was used to purchased computer equipment costing 89,240.00 from Aya Mari. The invoice mumber was 20117 8 9 10 11 June 2: Check # 5002 was used to make a down payment of $28,000.00 on additional computer equipment 04. that was purchased from Royce Computers, invoice number 76542. The full price of the computer was $140.000.00. A five-year note was executed by Byte for the balance, June 4: Additional office equipment costing $300.00 was purchased on credit from Discount Computer 05 Corporation. The invoice number was 98432 12 13 06 June 8: Unsatisfactory office equipment costing $60.00 from invoice number 98432 was returned to Discount Computer for credit to be applied against the outstanding balance owed by Byte. 14 15 07 June 10: Check # 5003 was used to make a $21.500.00 payment reducing the principal owed on the June 2 purchase of computer equipment from Royce Computers 16 17 4 Transactions General Journal Worksheet Income Statement Changes in Owr Type here to search Clipboard Font Alignment D10 B 17 June 14: Check 5004 was used to purchase a one-year insurance policy covering its computer equipment 08. for $5.640.00 from Setle's Insurance. The effective date of the policy was June 16 and the invoice number was 2387 18 19 20 21 09. June 16: A check in the amount of $7.250.00 was received for services performed for Pitman Pictures 10. June 16: Byte purchased a building and the land it is on for $107,000.00 to house its repair facilities and to store computer equipment. The lot on which the building is located is valued at $17,000.00. The balance of the cost is to be allocated to the building. Check # 5005 was used to make the down payment of S10,700.00 A thirty year mortgage with an inital payement due on August 1st, was established for the balance. 22 23 24 25 11. June 17: Check # 5006 for $7.200.00 was paid for rent of the office space for June, July and August. 12. June 17: Received invoice number 26354 in the amount of $425.00 from the local newspaper for advertising. 28 27 28 29 13. June 21: Billed various miscellaneous local customers $4.600.00 for consulting services performed 14 June 21: Check # 5008 was used to purchase a fax machine for the office from Office Machines Express for 5675.00. The invoice mmber was 975-328 30 31 32 33 15. June 21: Accounts payable in the amount of $240.00 were paid with Check # 5007. Transactions General Journal Worksheet Income Statement Changes in Type here to search ste BI U BGA- Alignment Font Clipboard X fx B A 16. June 22: Check # 5010 was used to pay the advertising bill that was received on June 17. June 22: Received a bill for $1,315.00 from Computer Parts and Repair Co. for repairs to the computer 17 equipment. The invoice number was 43254. June 22: Check # S009 was used to pay salaries of $835.00 to equipment operators for the week ending June 18 18. Ignore payroll taxes. 19. June 23: Cash in the amount of $3,685,00 was received on billings 20. June 23: Purchased office supplies for $680.00 from Staples on account. The invoice number was 65498. 21 June 28: Billed 55,700.00 to miscellaneous customers for services performed to June 25. 22. June 29: Cash in the amount of $5,400.00 was received for billings B 23. June 29: Paid the bill received on June 22, from Computer Parts and Repairs Co with Check # 5011 24 June 29: Check # 5012 was ured to pay salaries of $835.00 to equipment operators for the week ending June 25. Ignore payroll taxes 0 -1 25 June 30: Received a bill for the amount of $990.00 from O&G Oil and Gas Co. The invoice number was 784537 52 53 4 Transactions General Journal Worksheet Income Statement Changes ir Type here to search aste BI U SI = - Alignment Font Clipboard 0 B . 24 June 29: Check #5012 was used to pay salaries of 5835.00 to equipment operators for the week ending June 25. Tenore payroll taxes. 25 June 30: Received a bill for the amount of $990.00 from O&G Oil and Gas Co. The invoice number was 784537 26 June 30: Check #5013 was used to pay for airline tickets of $1,900.00 to send the kids to Grandma Ellen for the July 4th holiday 4 5 CD Adjusting Entries - Round to two decimal places. -7 27 The rent payment made on June 17 was for June July and August Expense the amount associated with one month's rent 58 69 60 61 28. A physical inventory showed that only $281.00 worth of office supplies remained on hand as of June 30. 29 The annual interest rate on the mortgage payable was 8.50 percent. Interest expense for one-half month should be computed because the building and land were purchased and the liability incurred on June 16 62 63 64 65 30. Record a journal entry to refleurhat one half mouth's insurance has expired. 31 A review of Byte's job worksheets show that there are unbilled reveries in the amount of $5,250 for the period of June 28-30 66 67 Transactions General Journal Worksheet Income Statement Changes in Owner Type here to search A 68 69 70 71 B 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 building's scrap value is $8.500. The office equipment has a scrap value of $500. The computer equipment has no scrap value. Calculate the depreciation for one month, 72 73 33 A review of the payroll records show that unpaid salaries in the amount of $501.00 are owed by Byte for three days, June 28 - 30. Ignore payroll taxes. 74 75 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 78 79 80 81 82 83 84 85 86 87 88 89 90 36. Close the expense accounts. 37. Close the income summary account 38. Close the withdrawals account. Transactions General Journal Worksheet Income Statement Changes in Ow 7 A B Normal Balance Number Name Debit 2 1110 Cash 3 Debit 1120 Accounts Receivable 4 Debit 1130 Prepaid Insurance 5 1140 Prepaid Rent Debit 6 1150 Office Supplies Debit 1211 Office Equip. Debit 8 1212 Accum. Depr.-Office Equip. Credit 9 1311 Computer Equip. Debit 10 1312 Accum. Depr.-Computer Equip. Credit 11 1411 Building Debit 12 1412 Accum. Depr.-Building Credit 13 1510 Land Debit 14 2101 Accounts Payable Credit 15 2102 Advanced Payments Credit 16 2103 Interest Payable Credit 17 2105 Salaries Payable Credit 18 2106 Income Taxes Payable Credit 19 2201 Mortgage Payable Credit 20 2202 Notes Payable Credit 21 3100 Hudson Bloom, Capital Credit Chart of Accounts Transactions General Journal Wc O Tyne here to coarch Clipboard Font A1 fx Number 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 B 2101 Accounts Payable Credit 2102 Advanced Payments Credit 2103 Interest Payable Credit 2105 Salaries Payable Credit 2106 Income Taxes Payable Credit 2201 Mortgage Payable Credit 2202 Notes Payable Credit 3100 Hudson Bloom, Capital Credit 3300 Hudson Bloom, Withdrawals Debit 3400 Income Summary Credit 4100 Computer & Consulting Revenue Credit 5010 Rent Expense Debit 5020 Salary Expense Debit 5030 Advertising Expense Debit 5040 Repairs & Maint. Expense Debit 5050 Oil & Gas Expense Debit 5080 Supplies Expense Debit 5090 Interest Expense Debit 5100 Insurance Expense Debit 5110 Depreciation Expense Debit Chart of Accounts Transactions General Journal Work Type here to search