Help, please! I have no idea if Im doing this correctly, this is my last resort before I give up and just turn it in for a grade!

Transaction Descriprion of transaction 01. June 1: Hudsen Bloom invested $161,952.00 cash and computer equipment with a fuir market value of 37,440.00 in his new business, Byte of Accounting 02. Tune 1: Check 5000 was used to purchased office equipment posting $912.00 frum Office Express. Thu Jim woice number was 7417. 03. June I: Check 5001 was used to purchased computer equipment costing S11.520.00 fr The invoke number was 20117. 04. June 2: Check # 5002 was used to make a down payment of $36,000.00 on additional computer equipment that was purchased from Royce Computers, invoice number 76542. The full price of the computer was $180,000.00. A five-year note was executed by Byte for the balance, 05. June 4: Additional office equipment custing $700.00 was purchased on credit from Discount Computer Corporation. The invole number was 98432. 08 June 8: Unsatisfactury office equipment conting S140.00 from invoice number 98432 was returned to Dienant Computer for credit to be applied against the outstanding balanec owed by Byte. 07. June 10: Check N 5003 was used to make a S27,500.00 payment reducing the principal owed on the June 2 purchase of computer equipment from Royce Computers. 03. June 14: Check #5004 was used to purchase a one-year insurance policy covering its computer equipment ur 55,640.00 (rum Seth's Insurance. The elective date of the policy was June 16 and the invoice number was 2387. 09. June 16: check in the amount of 57,000.00 as received for services performed fur Pilman l'ictures. 10. June 16: Byle purchased a buikling and the land it is on for $143,000.00 to house its repair facilities and to store computer equipment. The lot on which the huilding is located is valued at $23,000.00. The halance of the cost is to be allocated to the building. Check #5005 was used to make the down payment of $14,300.00 A thirty year mortgage with an inital puyement due on August 1st, was established for the bulance 11. June 17: Check N 5006 ur 55,400.00 was paid fur rent of the office space fur June, July and August. 12. June 17: Received invoice number 26354 in the amount of S350.00 from the local newspaper for advertising Welcome Chart of Accounts Transactions General Journal Worksheet Income Statement Changes in Owner's Equity Balance Sheet How to Create a Pivot Table + 100% E22 X fox June 17: Received invoice number 26354 in the amount of $350.00 from the local newspaper for advertising. 12. 13. June 21: Billed various miscellaneous local customers $4,200.00 for consulting services performed. 14. June 21: Check # 5008 was used to purchase a fax machine for the office from Office Machines Express for $650.00. The invoice number was 975-328. 15. June 21: Accounts payable in the amount of $560.00 were paid with Check # 5007. 16. June 22: Check # 5010 was used to pay the advertising bill that was received on June 17. 17. June 22: Received a bill for $1,090.00 from Computer Parts and Repair Co. for repairs to the computer equipment. The invoice number was 43254. 18. June 22: Check # 5009 was used to pay salaries of $810.00 to equipment operators for the week ending June 18. Ignore payroll taxes. 19. June 23: Cash in the amount of $3,365.00 was received on billings. 20. June 23: Purchased office supplies for $580.00 from Staples on account. The invoice number was 65498. 21. June 28: Billed $6,120.00 to miscellaneous customers for services performed to June 25. 22. June 29: Cash in the amount of $5,799.00 was received for billings. 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 used to pay salaries of $810.00 to equipment operators for the week ending June 25. Ignore payroll taxes. 25. June 30: Received a bill for the amount of $840.00 from O&G Oil and Gas Co. The invoice number was 784537 Welcome Chart of Accounts Transactions General Journal Worksheet Income Statement + + 100% 26. June 30: Check # 5013 was used to pay for airline tickets of $2,300.00 to send the kids to Grandma Ellen for the July 4th holiday. Adjusting Entries - Round to two decimal places. 27 The rent payment made on June 17 was for June, July and August. Expense the amount associated with one month's rent. 28. A physical inventory showed that only $236.00 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. 30 Record a journal entry to reflect that one half month's insurance has expired. 31. A review of Byte's job worksheets show that there are unbilled revenues in the amount of $5,500 for the period of June 28-30. 32. The fixed assets have estimated useful lives as follows: Building - 31.5 years Computer Equipment - 5.0 years 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 $7,000. The office equipment has a scrap value of $500. The computer equipment has no scrap value. Calculate the depreciation for one month. 33. A review of the payroll records show that unpaid salaries in the amount of $486.00 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. [IMPORTANT NOTE: The original note on the computer equipment purchased on June 2 was $144,000.00. On June 10, eight days later, $27,500.00 was repaid. Interest expense must be - Welcome Chart of Accounts Transactions General Journal Worksheet 34. Income Statement + HP 100% E22 A x fx 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. [IMPORTANT NOTE: The original note on the computer equipment purchased on June 2 was $144,000.00. On June 10, eight days later, $27,500.00 was repaid. Interest expense must be calculated on the $144,000.00 for eight days. In addition, interest expense on the $116,500.00 balance of the loan ($144,000.00 less $27,500.00 = $116,500.00) must be calculated for the 20 days remaining in the month of June. 34. Closing Entries 35. Close the revenue accounts. 36. Close the expense accounts. 37. Close the income summary account. 38. Close the withdrawals account. Welcome Chart of Accounts A Transactions General Journal Worksheet Income Statement + Use the mouse to apply the copied format to another object + 100% B F G H 1 J K L M N O P Q R S T U V w 1 D E A Byte of Accounting General Journal Note: You can only enter data into the yellow filled cells. 2 3 Transaction Date Account Name Description Debit Credit 4 5 6 7 01 01 01 Jun 01 Jun 01 Jun 01 1110 Cash 1311 Computer Equip 3100 Hudson Bloom, Capital Hudson Bloom Investment Hudson Bloom Investment Hudson Bloom Investment 161,952.00 37,440.00 199,392.001 8 9 912.00 02 02 Jun 01 Jun 01 1211 Office Equip. 1110 Cash Office Equipment Office Equipment 912.00 11,520.00 03 03 Jun 01 Jun 01 1311 Computer Equip 1110 Cash Computer Equipment Computer Equipment 11,520.00 180,000.00 04 04 04 Jun 02 Jun 02 Jun 02 1311 Computer Equip 1110 Cash 2202 Notes Payable Royce Computers Royce Computers Royce Computers 36,000.00 144,000.00 700.00 05 05 Jun 04 Jun 04 1211 Office Equip. 2101 Accounts Payable Purchased on Credit Purchased on Credit 700.00 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 140.00 06 06 Jun 08 Jun 08 2101 Accounts Payable 1211 Office Equip. Invoice Number 98432 was retum Invoice Number 98432 was retum 140.00 27,500.00 07 07 Jun 10 Jun 10 2202 Notes Payable 1110 Cash Check #5003 Royce Computers Check #5003 Royce Computers 27,500.00 5,640.00 08 08 Jun 14 Jun 14 1130 Prepaid Insurance 1110 Cash Seth's Insurance Seth's Insurance 5,640.00 Welcome Chart of Accounts Transactions General Journal Worksheet Income Statement Changes in Owner's Equity Balance Sheet How to Create a Pivot Table BER 3 + 100% 1 2 A Byte of Accounting General Journal Note: You can only enter data into the yellow filled cells. 3 Debit 4 Transaction Date Account Credit 09 09 Name Description 1110 Cash Pitman Pictures 4100 Computer & Consulting R Pitman Pictures Jun 16 Jun 16 7,000.00 7,000.00 143,000.00 23,000.00 10 10 10 10 Jun 16 Jun 16 Jun 16 Jun 16 1510 Land 1411 Building 1110 Cash 2201 Mortgage Payable Land and Building Purchased Land and Building Purchased Land and Building Purchased Land and Building Purchased 14,300.00 151,700.00 5,400.00 11 11 Jun 17 Jun 17 1140 Prepaid Rent 1110 Cash Prepaid rent check #5006 Prepaid rent check #5006 5,400.00 350.00 12 12 Jun 17 Jun 17 5030 Advertising Expense 2101 Accounts Payable Advertising invoice #26354 Advertising invoice #26354 350.00 4,200.00 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 13 13 Jun 21 Jun 2 1120 Accounts Receivable 1110 Cash Micellaneous Micellaneous 4,200.00 650.00 14 14 Jun 21 Jun 21 1211 Office Equip 1110 Cash Check #5008 for fax machine Check #5008 for fax machine 650.00 560.00 15 15 Jun 21 Jun 21 2101 Accounts Payable 1110 Cash accounts payable accounts payable 560.00 350.00 16 16 Jun 22 Jun 22 2101 Accounts Payable 1110 Cash Advertising bill Advertising bill 350.00 17 17 1,090.00 Jun 22 Jun 22 5040 Repairs & Maint. Expense Computer Parts and Repair Co. 2101 Accounts Payable Computer Parts and Repair Co. 1,090.00 1 2. A Byte of Accounting General Journal Note: You can only enter data into the yellow filled cells. 3 Debit Credit Transaction Date Account Name Description 18 810.00 Jun 22 Jun 22 5020 Salary Expense 1110 Cash Equipment Operators Equipment Operators 18 810.00 19 19 Jun 23 Jun 23 3,365.00 1110 Cash 1120 Accounts Receivable Cash received for buildings Cash received for buildings 3,365.00 580.00 20 20 Jun 23 Jun 23 1150 Office Supplies 2101 Accounts Payable Staples Office Supplies Staples Office Supplies 580.00 6,120.00 21 21 Jun 28 Jun 28 1120 Accounts Receivable 1110 Cash Micellaneous Micellaneous 6,120.00 yu 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 123 5,799.00 22 22 Jun 29 Jun 29 2101 Accounts Payable 1110 Cash Billings Billings 5,799.00 1,090.00 23 23 Jun 29 Jun 29 1120 Accounts Receivable 1110 Cash Computer Parts and Repair Co. Computer Parts and Repair Co. 1,090.00 810.00 24 24 Jun 29 Jun 29 5020 Salary Expense 1110 Cash Equipment Operators Equipment Operators 810.00 840.00 25 25 Jun 30 Jun 30 5050 Oil & Gas Expense 2101 Accounts Payable Fuel Expense Fuel Expense 840.00 2,300.00 26 26 Jun 30 Jun 30 3300 Hudson Bloom, Withdrawa Airline ticket check #5013 1110 Cash Airline ticket check #5013 2,300.00 1 A Byte of Accounting General Journal 2 3 Note: You can only enter data into the yellow filled cells. Debit fransaction Date Account Name Description Credit 27 Jun 30 5010 Rent Expense 28 29 30 31 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 32 33 34 35 1 2 A Byte of Accounting General Journal Note: You can only enter data into the yellow filled cells. 3 ansaction Debit Credit 4 Date Account Name Description TO 176 35 177 178 179 180 181 36 182 183 184 185 186 187 188 189 190 191 192 37 193 194 195 196 197 38 198 199 200 201 A B D H J K L 1 E G A Byte of Accounting, Inc. Worksheet For Period Ending June 30, 2020 2 3 Income Statement Debit Credit Balance Sheet Debit Credit 48,356.00 8,045.00 5,640.00 5,400.00 580.00 2,122.00 228,960.00 Unadjusted Trial Balance Debit Credit 48,356.00 0.00 8,045.00 0.00 5,640.00 0.00 5,400.00 0.00 580.00 0.00 2.122.00 0.00 0.00 0.00 228,960.00 0.00 0.00 0.00 23,000.00 0.00 0.00 0.00 143,000.00 0.00 3,289.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 151,700.00 0.00 116,500.00 0.00 199,392.00 2,300.00 0.00 Adjusting Entries Adjusted Trial Balance Debit Credit Debit Credit 0.00 0.00 S 48,356.00 0.00 0.00 8.045.00 0.00 0.00 5,640.00 0.00 0.00 5,400.00 0.00 0.00 580.00 0.00 0.00 2,122.00 0.00 0.00 0.001 0.00 228,960.00 0.00 0.00 0.00 0.00 23,000.00 0.00 0.00 0.00 0.00 143,000.00 0.00 0.00 3,289.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 151,700.00 0.00 0.00 116,500.00 0.00 0.00 199,392.00 0.00 0.00 $ 23,000.00 4 5 6 Account 7 Number Name 8 1110 Cash 9 1120 Accounts Receivable 10 1130 Prepaid Insurance 11 1140 Prepaid Rent 12 1150 Office Supplies 13 1211 Office Equip 14 1212 Accum. Depr.-Office Equip 15 1311 Computer Equip 16 1312 Accum. Depr.-Computer Equip. 17 1411 Building Cost 18 1412 Accum. Depr.-Building 19 1510 Land 20 2101 Accounts Payable 21 2102 Advanced Payments 22 2103 Interest Payable 23 2105 Salaries Payable 25 2201 Mortgage Payable 26 2202 Notes Payable 27 3100 Hudson Bloom, Capital 28 3300 Hudson Bloom, Withdrawals 29 30 4100 Computer & Consulting Revenue 31 5010 Rent Expense 32 5020 Salary Expense 33 5030 Advertising Expense 34 5040 Repairs & Maint. Expense 35 5050 Oil & Gas Expense 36 5080 Supplies Expense 37 5090 Interest Expense 38 5100 Insurance Expense 39 5110 Depreciation Expense 40 41 Total 42 NET INCOME 43 Balance 44 45 143,000.00 3.289.00 151 700.00 116,500.00 199,392.00 7.000.00 7,000.00 0.00 0.00 1,620.00 350.00 1,090.00 840.00 0.00 0.00 0.00 0.00 7,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.001 1,620.00 350.00 1,090.00 840.00 1,620.00 350.00 1,090.00 840.00 474,592.00 474,592.00 0.00 0.00 476,003.00 9.442.00 470,881.00