cant figure out past 39
Public Bank Company's Books 7 01.70 39 39 Jun 30 Jun 30 5120 Bad Debt Expense computer consulting rev 1 121 Allowance for Doubtful Accomputer consulting rev 40 41 40 1142 212 213 214 215 216 217 219 IIIIIIIII 231 232 A FAQ Ready Welcome Chart of Accounts Transactions Go The annual interest rate on the mortgage payable was 7.75 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. JA review of Byte's job worksheets show that there are unbilled revenues in the amount of $19,250.00 for the I period of June 20-30 The Building and the Office Equipment have the following estimated useful lives Balding - 31.5 years 35. Office Equipment. 7.0 years Management has decided that awet purchased during a month are treated as if purchased on the first day of the month. The building's salvage value is $8.500.00. The office equipment has a salvage value of $350.00. Cakulate the depreciation for one month using the straight-line method of depreciation The Computer Eupent has an estimated useful life of 5.00 years. Management has decided that assets purchased during a month are treated as if purchased on the first day of the 38 th. The computer equipments scrap value is $20,000.00 O ulate the depreciation for one month using the double declining method of depreciation. A review of the payroll records show that unpaid salaries in the amount of $576.00 are owed by Byte for three day, June 28 - 30. lgnore payroll taxes The sole payable to Royce Computers (transactions 04 and 0s) is a five-year note, with interest at the rate of 12 percent ually. Interest expense should be computed based on a 360 day year. IMPORTANT NOTE: The original note on the computer equipment purchased on June 2 was $112.000.00. On Dne 10, eight days law,521,500.00 was repaid. Interest expense must be caklated on the $112.000.00 for eight days. In addition, interest expense on the $20,500.00 balance of the loan 15112.000,00 kus $21.500.00 - $90.500.00) must be calculated for the 20 days r aining in the month of June.] 30 Our CPA has informed us to estimate that 2.00% of Computer & Consulting Revenue will be collectable dos de formation is the thesk Reconciliation heat prepare the journal y required to ICR ed on the information on the "Bank Reconciliation wheet prepare the journal estry required to decreases anc e s are to be compued at the rate of 25 percent of income before IMPORTANT NOTE: Seche come we are a percent of the time Inco e Netcome the fore Taxe . The worksheet co you will al of the c prepare the and O espect e come the diverse C F AO Ready Welcome Chart of Accounts Tra K58 June 21: Check 5008 was used to purchase a fax machine for the office from Office Machines Express for 5725.00. The invoice number was 975-328. 16 June 21: Billed various miscellaneous local customers 54,300.00 for consulting services performed June 22: Check # 5009 was used to pay salaries of S960.00 to equipment operators for the week ending June 18. Ignore payroll taxes. June 22: Received a bill for $1,190.00 from Computer Parts and Repair Co. for repairs to the computer eguipment. The invoice number was 43254 19. Pune 22: Check 15010 was used to pay the advertising bill that was received on June 17. June 23: Purchased office supplies for $1,000.00 from Staples on account. The invoice number was 65498 Included in the purchase was 10 units of Super RoutePro cost of $37.00 each 21 June 23: Cash in the amount of $3.445.00 was received on billings 22 June 28: Billed 55,385.00 te miscellaneous customers for services performed to June 25. 23 June 29: Paid the bill received on June 22, from Computer Parts and Repairs Co with Check 5011. 24. June 29: Cash in the amount of $5,101.00 was received for billings. June 29: Check #5012 was used to pay salaries of S960.00 to equipment operators for the week ending June 25 ans June 30: Received a bill for the amount of 5840.00 from O& Gotland Gas Co. The invoice number was 784537. June 30: Check 5013 was used to pay for a cash dividend of $0.16 per share to Laurys, a shareholder of June 30: Check #5014 was used to pay for a cash dividend of $0.16 per share to Dillon Deary a shareholder of Byte June 30: Check 5015 was used to pay for a cash dividend of $0.16 per share to Courtney, a shareholder of Adjusting Katries. Rewad to two decimal places. The rent payment made on June 17 was for June July and August Expense the amount associated with one month's rent A physical inventory showed that only 5425.00 worth of general office supplies remained on hand as of 31. June 30. This did not include any of the Super RoutePro. There were 5 units of Super Routere on hand. Weuse FIFO to determine the valuation of the supplies. The annual interest rate on the mortgage payable was 7.75 percent. Interest expense for one half month Introduction FAO Welcome Chart of Accounts Tra PublicBank PO Box 5551212, Mami, Florida 33999 Ph # (305) 555-1212 Byle of Accounting 123 Speed Lane Miami, Florida 33999 Previous Balance Deposits/Credits Checks/Debits Account Number Statement Date 33999999 6/30/2004 Ending Balance 196,805.00 73,760.00 123,045.00 123,045.00 Activity in date order Date Jun 01 Jun 07 Jun 15 Jun 16 Jun 21 Jun 22 Jun 22 Jun 22 Jun 23 Jun 24 Jun 26 Jun 26 Jun 27 Jun 27 Jun 27 Jun 29 Description Deposit Paid check # 5002 Paid check # 5003 Deposit Pald check # 5005 NSF NSF service charge Paid check # 5006 Deposit Paid check # 306 Paid check # 5007 Paid check # 5008 Paid check # 5009 Elec Remit AT&T Telephone Pald check # 5010 Service Charge-Checks Ending Balance Amount 186,800.00 -28,000.00 -21,500.00 6,510.00 -10,700.00 -3,250.00 -25.00 6,300.00 3,495.00 -1,300.00 -240.00 -725.00 -960.00 -240.00 475.00 45.00 Balance 186,800.00 158,800.00 137,300.00 143,810.00 133, 110.00 129,860.00 129,835.00 123,535.00 127,030.00 125,730.00 125,490.00 124,765.00 123,805.00 123,565.00 123,090.00 123,045.00 123,045.00 ou want to recover them ASO X fx Check 306 is not our check Our policy is to charge the customer for any changes related to NSF checks The Depost on Jun 16 was incorrectly recorded by the Bank The Depost on Jun 23 was correctly recorded by the bank. We do not modify the original mal entry Company's Books Ending Balance per books Bank Statement 12422432 Ending balance per bani Add to Books 57 Add to Bank IIIIIIIIIIIIIIIII 69 Deduct from Books Deduce from bank Ending Correct cash have Ending Correct cash balance I Bank Reconcilation Work Transactions General Journal Welcome Chart of Accounts Public Bank Company's Books 7 01.70 39 39 Jun 30 Jun 30 5120 Bad Debt Expense computer consulting rev 1 121 Allowance for Doubtful Accomputer consulting rev 40 41 40 1142 212 213 214 215 216 217 219 IIIIIIIII 231 232 A FAQ Ready Welcome Chart of Accounts Transactions Go The annual interest rate on the mortgage payable was 7.75 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. JA review of Byte's job worksheets show that there are unbilled revenues in the amount of $19,250.00 for the I period of June 20-30 The Building and the Office Equipment have the following estimated useful lives Balding - 31.5 years 35. Office Equipment. 7.0 years Management has decided that awet purchased during a month are treated as if purchased on the first day of the month. The building's salvage value is $8.500.00. The office equipment has a salvage value of $350.00. Cakulate the depreciation for one month using the straight-line method of depreciation The Computer Eupent has an estimated useful life of 5.00 years. Management has decided that assets purchased during a month are treated as if purchased on the first day of the 38 th. The computer equipments scrap value is $20,000.00 O ulate the depreciation for one month using the double declining method of depreciation. A review of the payroll records show that unpaid salaries in the amount of $576.00 are owed by Byte for three day, June 28 - 30. lgnore payroll taxes The sole payable to Royce Computers (transactions 04 and 0s) is a five-year note, with interest at the rate of 12 percent ually. Interest expense should be computed based on a 360 day year. IMPORTANT NOTE: The original note on the computer equipment purchased on June 2 was $112.000.00. On Dne 10, eight days law,521,500.00 was repaid. Interest expense must be caklated on the $112.000.00 for eight days. In addition, interest expense on the $20,500.00 balance of the loan 15112.000,00 kus $21.500.00 - $90.500.00) must be calculated for the 20 days r aining in the month of June.] 30 Our CPA has informed us to estimate that 2.00% of Computer & Consulting Revenue will be collectable dos de formation is the thesk Reconciliation heat prepare the journal y required to ICR ed on the information on the "Bank Reconciliation wheet prepare the journal estry required to decreases anc e s are to be compued at the rate of 25 percent of income before IMPORTANT NOTE: Seche come we are a percent of the time Inco e Netcome the fore Taxe . The worksheet co you will al of the c prepare the and O espect e come the diverse C F AO Ready Welcome Chart of Accounts Tra K58 June 21: Check 5008 was used to purchase a fax machine for the office from Office Machines Express for 5725.00. The invoice number was 975-328. 16 June 21: Billed various miscellaneous local customers 54,300.00 for consulting services performed June 22: Check # 5009 was used to pay salaries of S960.00 to equipment operators for the week ending June 18. Ignore payroll taxes. June 22: Received a bill for $1,190.00 from Computer Parts and Repair Co. for repairs to the computer eguipment. The invoice number was 43254 19. Pune 22: Check 15010 was used to pay the advertising bill that was received on June 17. June 23: Purchased office supplies for $1,000.00 from Staples on account. The invoice number was 65498 Included in the purchase was 10 units of Super RoutePro cost of $37.00 each 21 June 23: Cash in the amount of $3.445.00 was received on billings 22 June 28: Billed 55,385.00 te miscellaneous customers for services performed to June 25. 23 June 29: Paid the bill received on June 22, from Computer Parts and Repairs Co with Check 5011. 24. June 29: Cash in the amount of $5,101.00 was received for billings. June 29: Check #5012 was used to pay salaries of S960.00 to equipment operators for the week ending June 25 ans June 30: Received a bill for the amount of 5840.00 from O& Gotland Gas Co. The invoice number was 784537. June 30: Check 5013 was used to pay for a cash dividend of $0.16 per share to Laurys, a shareholder of June 30: Check #5014 was used to pay for a cash dividend of $0.16 per share to Dillon Deary a shareholder of Byte June 30: Check 5015 was used to pay for a cash dividend of $0.16 per share to Courtney, a shareholder of Adjusting Katries. Rewad to two decimal places. The rent payment made on June 17 was for June July and August Expense the amount associated with one month's rent A physical inventory showed that only 5425.00 worth of general office supplies remained on hand as of 31. June 30. This did not include any of the Super RoutePro. There were 5 units of Super Routere on hand. Weuse FIFO to determine the valuation of the supplies. The annual interest rate on the mortgage payable was 7.75 percent. Interest expense for one half month Introduction FAO Welcome Chart of Accounts Tra PublicBank PO Box 5551212, Mami, Florida 33999 Ph # (305) 555-1212 Byle of Accounting 123 Speed Lane Miami, Florida 33999 Previous Balance Deposits/Credits Checks/Debits Account Number Statement Date 33999999 6/30/2004 Ending Balance 196,805.00 73,760.00 123,045.00 123,045.00 Activity in date order Date Jun 01 Jun 07 Jun 15 Jun 16 Jun 21 Jun 22 Jun 22 Jun 22 Jun 23 Jun 24 Jun 26 Jun 26 Jun 27 Jun 27 Jun 27 Jun 29 Description Deposit Paid check # 5002 Paid check # 5003 Deposit Pald check # 5005 NSF NSF service charge Paid check # 5006 Deposit Paid check # 306 Paid check # 5007 Paid check # 5008 Paid check # 5009 Elec Remit AT&T Telephone Pald check # 5010 Service Charge-Checks Ending Balance Amount 186,800.00 -28,000.00 -21,500.00 6,510.00 -10,700.00 -3,250.00 -25.00 6,300.00 3,495.00 -1,300.00 -240.00 -725.00 -960.00 -240.00 475.00 45.00 Balance 186,800.00 158,800.00 137,300.00 143,810.00 133, 110.00 129,860.00 129,835.00 123,535.00 127,030.00 125,730.00 125,490.00 124,765.00 123,805.00 123,565.00 123,090.00 123,045.00 123,045.00 ou want to recover them ASO X fx Check 306 is not our check Our policy is to charge the customer for any changes related to NSF checks The Depost on Jun 16 was incorrectly recorded by the Bank The Depost on Jun 23 was correctly recorded by the bank. We do not modify the original mal entry Company's Books Ending Balance per books Bank Statement 12422432 Ending balance per bani Add to Books 57 Add to Bank IIIIIIIIIIIIIIIII 69 Deduct from Books Deduce from bank Ending Correct cash have Ending Correct cash balance I Bank Reconcilation Work Transactions General Journal Welcome Chart of Accounts
