Given the following information create journal entries for 31- 39

\begin{tabular}{|c|c|c|} \hline & isaction & Description of transaction \\ \hline & 01. & \begin{tabular}{l} June 1: Byte of Accounting, Inc. received $33,311.10 in cash and computer equipment with a fair market \\ value of $47,115.70 when Jeremy purchased 2,680 shares of its common stock. The par value of the \\ common stock was $0.01 per share. \end{tabular} \\ \hline & 02. & \begin{tabular}{l} June 1: Byte of Accounting, Inc, received computer equipment with a fair market value of $16,805.60 and \\ office equipment with a fair market value of $780.26 when Courtney purchased 586 shares of its common \\ stock. The par value of the common stock was $0.01 per share. \end{tabular} \\ \hline & & s \\ \hline & 03. & \begin{tabular}{l} June 1: Byte of Accounting, Inc. received $133,544.50 in cash when Ava Michel purchased 4,450 shares of \\ its common stock. The par value of the common stock was $0.01 per share. \end{tabular} \\ \hline & 04. & \begin{tabular}{l} June 2: Check \# 5002 was used to make a down payment of $31,000.00 on additional computer equipment \\ that was purchased from Royce Computers, invoice number 76542 . The full price of the computer was \\ $155,000.00. A five-year note was executed by Byte for the balance. \end{tabular} \\ \hline & 05. & \begin{tabular}{l} June 4: Additional office equipment costing 5400.00 was purchased on credit from Discount Computer \\ Corporation. The invoice number was 98432 . \end{tabular} \\ \hline & & \\ \hline 4 & 06. & \begin{tabular}{l} June 8: Unsatisfactory office equipment costing $80.00 from invoice number 98432 was returned to \\ Discount Computer for credit to be applied against the outstanding balance owed by Byte. \end{tabular} \\ \hline 5 & & \\ \hline 16 & 07. & \begin{tabular}{l} June 10: Check \# 5003 was used to make a $23,750.00 payment reducing the principal owed on the June 2 \\ purchase of computer equipment from Royce Computers. \end{tabular} \\ \hline 18 & 08. & \begin{tabular}{l} June 10: Purchased office supplies for $1,900.00 from Staples on account. The invoice aumber was 61298. \\ Included in the purchase was 10 units of Super RoutePro at a cost of $60.00 each. \end{tabular} \\ \hline 19 & & \\ \hline 20 & 09. & \begin{tabular}{l} June 14: Check \# 5004 was used to purchase a one-year insurance policy covering its computer equipment \\ for $5,472.00 from Seth's Insurance. The effective date of the policy was June 16 and the invoice number \\ was 2387 . \end{tabular} \\ \hline 21. & & \\ \hline 22 & 10. & June 16: Checks in the amount of $8,760.00 was received for services performed for cash customers. \\ \hline 23 & & \\ \hline 24 & 11. & \begin{tabular}{l} June 16: Byte purchased a building and the land it is on for $137,000.00 to house its repair facilities and to \\ store computer equipment. The lot on which the building is located is valued at $22,000.00. The balanee of \\ the cost is to be allocated to the building. Check $5005 was used to make the down payment of $13,700.00. \\ A thirty year mortgage with an initial payment due on August 1 st, was established for the balance. \end{tabular} \\ \hline & & \\ \hline \end{tabular} A physical inventory showed that only $103.00 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 RoutePro on hand. We use FIFO to determine the valuation of the supplies. The annual interest rate on the mortgage payable was 7.25 percent. Interest expense for one-half month should be computed because the building and land were purchased and the liability incurred on June 16. 32. 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 $19,000 for the period of June 28-30. The Building and the Office Equipment have the following estimated useful lives: 35. Building -31.5 years Office Equipment - 7.0 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 $8,500.00. The office equipment has a salvage value of $450.00. Calculate the depreciation for one month using the straight-line method of depreciation. The Computer Equipment 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 36. of the month. The computer equipment's serap value is $20,000.00. 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 $606.00 are owed by Byte for three days, June 28 - 30 . Ignore payroll taxes. 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. 38. (IMPORTANT NOTE: The original note on the computer equipment purchased on June 2 was $124,000.00. On June 10, eight days later, $23,750.00 was repaid. Interest expense must be calculated on the $124,000.00 for eight days. In addition, interest expense on the $100,250.00 balance of the loan ($124,000.00 less $23,750.00=$100,250.00) must be calculated for the 20 days remaining in the month of June.] 39. Based on the information on the "Bank Reconciliation" sheet prepare the joumal entry required to increases cash. \begin{tabular}{|c|c|c|} \hline & isaction & Description of transaction \\ \hline & 01. & \begin{tabular}{l} June 1: Byte of Accounting, Inc. received $33,311.10 in cash and computer equipment with a fair market \\ value of $47,115.70 when Jeremy purchased 2,680 shares of its common stock. The par value of the \\ common stock was $0.01 per share. \end{tabular} \\ \hline & 02. & \begin{tabular}{l} June 1: Byte of Accounting, Inc, received computer equipment with a fair market value of $16,805.60 and \\ office equipment with a fair market value of $780.26 when Courtney purchased 586 shares of its common \\ stock. The par value of the common stock was $0.01 per share. \end{tabular} \\ \hline & & s \\ \hline & 03. & \begin{tabular}{l} June 1: Byte of Accounting, Inc. received $133,544.50 in cash when Ava Michel purchased 4,450 shares of \\ its common stock. The par value of the common stock was $0.01 per share. \end{tabular} \\ \hline & 04. & \begin{tabular}{l} June 2: Check \# 5002 was used to make a down payment of $31,000.00 on additional computer equipment \\ that was purchased from Royce Computers, invoice number 76542 . The full price of the computer was \\ $155,000.00. A five-year note was executed by Byte for the balance. \end{tabular} \\ \hline & 05. & \begin{tabular}{l} June 4: Additional office equipment costing 5400.00 was purchased on credit from Discount Computer \\ Corporation. The invoice number was 98432 . \end{tabular} \\ \hline & & \\ \hline 4 & 06. & \begin{tabular}{l} June 8: Unsatisfactory office equipment costing $80.00 from invoice number 98432 was returned to \\ Discount Computer for credit to be applied against the outstanding balance owed by Byte. \end{tabular} \\ \hline 5 & & \\ \hline 16 & 07. & \begin{tabular}{l} June 10: Check \# 5003 was used to make a $23,750.00 payment reducing the principal owed on the June 2 \\ purchase of computer equipment from Royce Computers. \end{tabular} \\ \hline 18 & 08. & \begin{tabular}{l} June 10: Purchased office supplies for $1,900.00 from Staples on account. The invoice aumber was 61298. \\ Included in the purchase was 10 units of Super RoutePro at a cost of $60.00 each. \end{tabular} \\ \hline 19 & & \\ \hline 20 & 09. & \begin{tabular}{l} June 14: Check \# 5004 was used to purchase a one-year insurance policy covering its computer equipment \\ for $5,472.00 from Seth's Insurance. The effective date of the policy was June 16 and the invoice number \\ was 2387 . \end{tabular} \\ \hline 21. & & \\ \hline 22 & 10. & June 16: Checks in the amount of $8,760.00 was received for services performed for cash customers. \\ \hline 23 & & \\ \hline 24 & 11. & \begin{tabular}{l} June 16: Byte purchased a building and the land it is on for $137,000.00 to house its repair facilities and to \\ store computer equipment. The lot on which the building is located is valued at $22,000.00. The balanee of \\ the cost is to be allocated to the building. Check $5005 was used to make the down payment of $13,700.00. \\ A thirty year mortgage with an initial payment due on August 1 st, was established for the balance. \end{tabular} \\ \hline & & \\ \hline \end{tabular} A physical inventory showed that only $103.00 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 RoutePro on hand. We use FIFO to determine the valuation of the supplies. The annual interest rate on the mortgage payable was 7.25 percent. Interest expense for one-half month should be computed because the building and land were purchased and the liability incurred on June 16. 32. 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 $19,000 for the period of June 28-30. The Building and the Office Equipment have the following estimated useful lives: 35. Building -31.5 years Office Equipment - 7.0 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 $8,500.00. The office equipment has a salvage value of $450.00. Calculate the depreciation for one month using the straight-line method of depreciation. The Computer Equipment 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 36. of the month. The computer equipment's serap value is $20,000.00. 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 $606.00 are owed by Byte for three days, June 28 - 30 . Ignore payroll taxes. 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. 38. (IMPORTANT NOTE: The original note on the computer equipment purchased on June 2 was $124,000.00. On June 10, eight days later, $23,750.00 was repaid. Interest expense must be calculated on the $124,000.00 for eight days. In addition, interest expense on the $100,250.00 balance of the loan ($124,000.00 less $23,750.00=$100,250.00) must be calculated for the 20 days remaining in the month of June.] 39. Based on the information on the "Bank Reconciliation" sheet prepare the joumal entry required to increases cash