hi

Im working on journal entries and I need some help journalizing these correctly. Some of my answers seem off.

please do mention transaction number

B26 June 17: Received invoice number 26354 in the amount of $400.00 from the local newspaper for advertising 3 Byte of Accounting shahvez mobin 4022 Transaction Description of transaction June 1: Hudson Bloom invested $158,592.00 cash and computer equipment with a fair market value of 536,960.00 in his new business, Byte of Accounting. June 1: Check # 5000 was used to purchased office equipment costing $912.00 from Office Express. The invoice number was 87417. 09 June 1: Check # 5001 was used to purchased computer equipment costing $13.440.00 from shahvez mobin. The invoice number was 20117. June 2: Check # 5002 was used to make a down payment of $34,000.00 on additional computer equipment 04. that was purchased from Royce Computers, invoice number 76542. The full price of the computer was $170,000.00. A five-year note was executed by Byte for the balance. June 4: Additional office equipment costing $400.00 was purchased on credit from Discount Computer Corporation. The invoice number was 98432. 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 07 June 10: Check # 5003 was used to make a $26,000.00 payment rekucing the prinicpal owed on the June 2 purchase of computer equipment from Royce Computers. June 14: Check # 5004 was used to purchase a one-year insurance policy covering its computer equipment 08. for $5,304.00 from Seth's Insurance. The effective date of the policy was June 16 and the invoice number was 2387. 09. June 16: A check in the amount of $8,000.00 was received for services performed for Pitman Pictures. June 16: Byte purchased a building and the land it is on for 595,000.00 to house its repair facilities and to store computer equipment. The lot on which the building is located is valued at $15,000.00. The balance of the cost is to be allocated to the building. Check # 5005 was used to make the down payment of $9,500.00 A thirty year mortgage with an inital payement due on August 1st, was established for the balance. 24 11. June 17: Check # 5006 for $3,200.00 was paid for rent for June and July. Introduction FAO Welcome Chart or ACCOUNT A Transactions General Journal 12. June 17: Received invoice number 26354 in the amount of $400.00 from the local newspaper for advertising. 13. June 21: Billed various miscellaneous local customers $4,200.00 for consulting services performed June 21: Check W 5008 was used to purchase a fax machine for the office from Office Machines Express for $800.00. The invoice number was 975-328. 15. June 21: Accounts payable in the amount of $320.00 were paid with Check #5007. 16. June 22: Check # 5010 was used to pay the advertising bill that was received on June 17. June 22: Received a bill for $1.290.00 from Computer Parts and Repair Co. for repairs to the computer equipment. The invoice number was 43254. June 22: Check # 5009 was used to pay salaries of $960.00 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 $680.00 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 S011. 4 June 29: Check # 5012 was used to pay salaries of $960.00 to equipment operators for the week ending June 25. Ignore payroll taxes. June 30: Received a bill for the amount of $790.00 from 0 & G Oil and Gas Co. The invoice number was 25. 784537 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. FAO W ome Chart Of ACCS Transactions GA JE 22 The rent payment made on June 17 was for June and July. Expense the amount associated with one month's rent. 28. A physical inventory showed that only $281.00 worth of office supplies remained on hand as of June 30. The annual interest rate on the mortgage payable was 9.00 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. A review of Byte's job worksheets show that there are unbilled revenues in the amount of $5,500 for the 1. period of June 28-30. 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 $500. The office equipment has a scrap value of $400. The computer equipment has no scrap value. Calculate the depreciation for one month. A review of the payroll records show that unpaid salaries in the amount of $576.00 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. Closing Entries 35. Close the revenue accounts 36. Close the expense accounts. 37. Close the income summary account. 38. Close the withdrawals account. Introduction FAQ Welcome Chart of Accounts Transactions General Journe A Byte of Accounting General Journal Note: You can only enter data into the yellow filled cells. Transaction Name Description o 01 011 011 Jun 01 Jun 011 Jun 011 1 110 Cash 1 311| Computer Equip 3100 Hudson Bloom, Capital hudson bloom investment T hudson bloom investment hudson bloom investment L 158.592.00 36.960.00 L L 196 55200 TELLI 021 02 Jun 01 Jun 01 1211 Office Equip 1 110 Cash office equipment office equipment 91200 91200 - 03 03 Jun 01 Jun 01 1311 Computer Equip 1 110 Cash T 13.440.000 computer equipment computer equipment 13.440.00 r 170,000.00 04 04 04 Jun 02 Jun 021 Jun 02 1311 Computer Equip 1110 Cash 2 202 Notes Payable ovace computers rovace computers royace computers 34,000.00 136,000.00 400,00 88 Jun 04 Jun 04 1211 Office Equip 2101 Accounts Payable Ipurchased on credit purchased on credit 05 400,00 0 2 80.000 06 Jun 04 4101| Accounts Payable 1 211 Office Equip invoice number 9832 returned invoice number 98432 returned 80.00 28.000,00 07 07 Jun 101 Jun 10 2202 Notes Pavable 1 110 Cash check 5003 royace computers Icheck 5003 rovace.computers 26.000.00 1 5.304.00 08 08 Jun 14 Jun 14 1 130 Prepaid Insurance 1110 Cash seth's Insurance Iseth's insurance 530400 09 091 Jun 161 Jun 161 11100 Cash Jland and building purchased 41001 Computer & Consulting Rdland and building purchased 8.000.000 L T 8.000.00 1 veneral Joumal Note: You can only enter det into the yellow filled cells Description Jun 16 80 000.00 15.000.00 1510 Land 1411 Building 1110 Cash 2201 Mora Payable Land and building purchased Land and building purchased land and building purchased land and building purchased Jun 16 85.500.00 3.200.00 Jun 17 Jun 17 1140 Prepaid Rent 1110 Cash Jadvertising expense Jadvertising expense 3.200.00 1991 FF FF FF FFT 400.00 Jun 17 Jun 17|| 5 030 Advertising Expense 2101 Accounts Payable ladvertising expense Jadvertising expense 4200.00 Jun 21 Jun 21 1 1201 Accounts Receivable accounts payabi 4 1001 Computer & Consulting R accounts payab 11 Jun 21 1211 Omice Equip 23 1110 Cash lotice machine expe loffice machine expense 88888888888888888898aSallN8898828 R 98889882999 15 Jun 21 Jun 21 2101 Accounts Payable 1110 Cash billed service performed lled service perfor are per Jun 22 Jun 22 2101 Acco 1110 C HP HEEF Jun 22 Jun 22 5 0401 Repairs & Mat Expense computer parts and repair ce 2101 Accounts Payable loomputer parts and repair 1,290.00 Jun 22 Jadvertising expense 5020 Salary Expense 1110l Cash 11101Cash e el purchase office suco purchase once sul Jun 23 1150 Omce Scolios 2101 Accounts Payable Icash from billing cash from billing 6.120.00 Jun 28 Jun 2 1 120 Accounts Receivable 4 100 Computer & Consulting services performed Services performed Name Description 110) 111 112 Jun 29 Jun 29 1110 Cash 2101 Accounts Payable computer parts and repair CO computer parts and repair CO 5.799 00 113 114 115 116 Jun 29 2101 Accounts Payable 1120 Accounts Receivable Icash from willing Icash from biting 717 1 290.00 Jun 29 Ioald salaries 980.00 5 020 Salary Expense 1110 Cash 790.00 5050 Oil & Gas Expense 2101 Accounts Payable 591 lo & Golondon.co. lo & Goil and gass.CO RR1111111 Juno Jun 30 3300 Hudson Bloom Withdrawe owwer's drawing 1 110 Cash lownwer's drawing 2300.00 338888888 292.00 Jun 30 Jun 30 5010 Rent Expense 1140 Prepaid Rent Trent expense Trent expense 292.00 281.00 Jun 301 Jun 30 5 080 Supplies Expense 1150l Office Supplies physical invertory physical inventor Jun 30 Jun 30 5090 Interest Expense 2103 Interest Payable interest on mortgage interest on mortgage 5800 Insurance Expense SE Precaid insurance interest on mortage interest on mortgage 520000 Jun 30 Jun 30 1 120 Accounts Receivable 4 100 Computer & Consulting R Nooda Description 5.500.00 28 118 11 EST 2.800.000 2.800.00 Jun 30 Jun 30 Jun 30 Jun 30 5110 Depreciation Experte depreciation or remor 1412 Accum. Depr.Building depreciation for one month 1312 Accum. Dep.Computer depreciation for one month 1212 Accum. Dewcomce Fould depreciation for one month 576.000 Jun 30 Jun 30 5 020 Salary Expenso 2 103 Interest Payable unpaid salarios unpaid salaries 578.00 veneral Journal Hote: You can only enter det into the yellow filled cells interest on morto Interest on morte 2103 Into Parede 5100 Insurance Expense MS Precurence MEHR INILFIT EFTER FISTI 4100 Compiez.com Need Decription 5110 Depreciation Evense depreciation for one mon 1412 Accum. Depr Building depreciation for one mont 112 Accum Deor.computer screen for one mont 1212 Accum. Depr .Office Equddepreciation for one month 50 Sauce so interest Expense 300 income Summary interest from royce computer Jinterest from computer EEEEEEEEE TI 4100 Computer & Consulting 3AG Incomum. closing revenue account AURO 3400 Income Summer casinet 5020 Salary. Expense Iclosings account 500L Advertung Ex c losing usenetacco 5040 Repair & Maintend e re accourt 5010 Rent Expanse 5110 Depreciation Expense Iclosing en account 509 trenerse SOROS E SO closing e n account EOLOG. Eupense Iclosing etse account 510 lic ense 3400 Income Summary 10 Hudson boom. Ce na window closing withome care F29 Number Name 1110 Cash 1120 Accounts Receivable 1130 Prepaid Insurance 1140 Prepaid Rent 1150 Office Supplies 1211 Office Equip. 1212 Accum. Depr.-Office Equip. 1311 Computer Equip. 1312 Accum. Depr.-Computer Equip. 1411 Building 1412 Accum. Depr.-Building 1510 Land 2101 Accounts Payable 2102 Advanced Payments 2103 Interest Payable 2105 Salaries Payable 2106 Income Taxes Payable 2201 Mortgage Payable 2202 Notes Payable 3100 Hudson Bloom, Capital 3300 Hudson Bloom, Withdrawals 3400 Income Summary 4100 Computer & Consulting Revenue 5010 Rent Expense 5020 Salary Expense 5030 Advertising Expense 5040 Repairs & Maint. Expense 5050 Oil & Gas Expense 5080 Supplies Expense 5090 Interest Expense 5100 Insurance Expense 5110 Depreciation Expense Normal Balance Debit Debit Debit Debit Debit Debit Credit Debit Credit Debit Credit Debit Credit Credit Credit Credit Credit Credit Credit Credit Debit Credit Credit Debit Debit Debit Debit Debit Debit Debit Debit Debit