Create a journal entry for those 2. Below are the transactions from June 16 and June 14

29.month should be computed because the building and land were purchased and the liability incurred Information relating to the prepaid insurance may be obtained from the transaction recorded on June 14. Expense the amount associated with one half month's insurance. 30 June 14: A one-year insurance policy covering its computer equipment was purchased by Byte for $5,808 in cash. The effective date of the policy was June 16 June 16: A check in the amount of $6,750 was received for consulting revenue. June 16: Byte purchased a building and the land it is on for $95,000, to house its repair facilities and to store computer equipment. The lot on which the building is located is valued at $15,000. The balance of the cost is to be allocated to the building. Byte made a cash down payment of S9,500 and executed a mortgage for the balance. The mortgage is payable in eight equal annual installments beginning July 1