I am filling out a journal but need help with some areas, and need

help with the balance sheet. anything helps, thanks in advance!

Byte of Accounting, Inc. Transaction 01. 02. 03. Description of transaction June 1: Byte of Accounting, Inc. issued 2,630 shares of its common stock to Jeremy after $28,620 in cash and computer equipment with a fair market value of $42,390 were received. June 1: Byte of Accounting, Inc. issued 2.457 shares of its common stock after acquiring from Courtney $49,950 in cash, computer equipment with a fair market value of $15,120 and office equipment with a fair value of $1.269. June 1: Byte of Accounting, Inc. acquired $97,200 in cash from and issued 3.600 shares of its common stock June 2: A down payment of $27,000 in cash was made on additional computer equipment that was purchased for $135.000. A five-year note was executed by Byte for the balance. June 4: Additional office equipment costing $400 was purchased on credit from Discount Computer Corporation June 8: Unsatisfactory office equipment costing S80 was returned to Discount Computer for credit to be applied against the outstanding balance owed by Byte. 04. 05. 06. 07. June 10: Byte paid $20,750 on the balance it owed on the June 2 purchase of computer equipment 08. June 14: A one-year insurance policy covering its computer equipment was purchased by Byte for $5,304 in cash. The effective date of the policy was June 16. 09. June 16: Computer consultation revenue of $7,750 was received, 10. June 16: Byte purchased a building and the land it is on for $113,000, to house its repair facilities and to store computer equipment. The lot on which the building is located is valued at $18,000. The balance of the cost is to be allocated to the building. Byte made a cash down payment of $11,300 and executed a mortgage for the balance. The mortgage is payable in eight equal annual installments beginning July 1. June 17: Cash of $8,800 was paid for rent for June, July, August and September. Put the total amount into the Prepaid Rent account. 11. 12. June 17A Received a bill of $300 from the local newspaper for advertising, 13. June 21: Billed various miscellaneous local customers $4,500 for consulting services performed. 14 June 21: A fax machine for the office was purchased for $725 cash. 15. June 21: Accounts payable in the amount of $320 were paid. Transaction 16. Description of transaction June 22: Paid the advertising bill that was received on June 17. 17. June 22: Received a bill for $1.290 from Computer Parts and Repair Co. for repairs to the computer equipment. 18. June 22: Paid salaries of $1,035 to equipment operators for the week ending June 18. 19. June 23: Cash in the amount of $3,605 was received on billings. 20. June 23: Purchased office supplies for $605 on credit. Record the purchase as an increase to the assets. 21. June 28: Billed $6,120 to miscellaneous customers for services performed to June 25. 22. June 29: Cash in the amount of $5,799 was received for billings. 23. June 29: Paid the bill received on June 22, from Computer Parts and Repairs Co. 24. June 29: Paid salaries of $1,035 to equipment operators for the week ending June 25. 25. June 30: Received a bill for the amount of $790 from O&G Oil and Gas Co. 26. June 30: Paid a cash dividend of $0.23 per Share to the three shareholders of Byte. [IMPORTANT NOTE: The number of shares of capital stock outstanding can be determined from the first three transactions. Adjusting Entries - Round to two decimal places. 27. The rent payment made on June 17 was for June, July, August and September. Expense the amount associated with one month's rent. 28. A physical inventory showed that only $247.00 worth of office supplies remained on hand as of June 30. 29. 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. 30. 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. 31. A review of Byte's job worksheets show that there are unbilled revenues in the amount of $5,125 for the period of June 28-30. Transaction 16. Description of transaction June 22: Paid the advertising bill that was received on June 17. 17. June 22: Received a bill for $1.290 from Computer Parts and Repair Co. for repairs to the computer equipment. 18. June 22: Paid salaries of $1,035 to equipment operators for the week ending June 18. 19. June 23: Cash in the amount of $3,605 was received on billings. 20. June 23: Purchased office supplies for $605 on credit. Record the purchase as an increase to the assets. 21. June 28: Billed $6,120 to miscellaneous customers for services performed to June 25. 22. June 29: Cash in the amount of $5,799 was received for billings. 23. June 29: Paid the bill received on June 22, from Computer Parts and Repairs Co. 24. June 29: Paid salaries of $1,035 to equipment operators for the week ending June 25. 25. June 30: Received a bill for the amount of $790 from O&G Oil and Gas Co. 26. June 30: Paid a cash dividend of $0.23 per Share to the three shareholders of Byte. [IMPORTANT NOTE: The number of shares of capital stock outstanding can be determined from the first three transactions. Adjusting Entries - Round to two decimal places. 27. The rent payment made on June 17 was for June, July, August and September. Expense the amount associated with one month's rent. 28. A physical inventory showed that only $247.00 worth of office supplies remained on hand as of June 30. 29. 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. 30. 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. 31. A review of Byte's job worksheets show that there are unbilled revenues in the amount of $5,125 for the period of June 28-30. A Byte of Accounting, Inc. General Journal Note: You can only enter data into the yellow filed cells Credit Transaction Date Account Name Description Debit 01 01 01 Jun 01 Jun 01 Jun 01 1110 Cash 1311 Computer Equip 3100 Capital Stock Issued stock & received equipment Issued stock & received equipment Issued stock & received equipment 28,620.00 42.390.00 71.010.00 021 02 02 02 Jun 01 Jun 01 Jun 011 Jun 01 1110 Cash 1311 Computer Equip. 1211 Office Equip 3100 Capital Stock issued stock & received equipment Issued stock & received equipment Issued stock & received equipment Issued stock & received equipment 49,950.00 15,120.00 1.269.00 66,339.00 03 03 Jun 011 Jun 01 1110 Cash 31001 Capital Stock Common Stock acquired from Common Stock acquired from 135,000.00 04 04 04 Jun 02 Jun 02 Jun 02 1311 Computer Equip 1110 Cash 2202 Notes Payable Down payment for office equipment Down payment for office equipment Down payment for office equipment 27,000.00 108,000.00 400.00 05 05 Jun 04 Jun 04 1211 Office Equip 2101 Accounts Payable Purchase of office equipment Purchase of office equipment 400 00 80.00 061 06 Jun 08 Jun 08 2101 Accounts Payable 1211 Office Equip Return of unsatisfactory equipment Return of unsatisfactory equipment 80.00 20,750.00 07 07 Jun 10 Jun 10 2202 Notes Payable 1110 Cash Balanace paid for computer purchase Balanace paid for computer purchase 20.750.00 5,304.00 08 Jun 14 Jun 14 1130 Prepaid Insurance 1110 Cash One year insurance policy One year insurance policy 5,304.00 7,750.00 09 09 Jun 16 Jun 16 1110 Cash Money received for service 4100 Computer & Consulting Money received for service 7,750.00 18,000.00 95,000.00 10 10 10 101 Jun 16 Jun 16 Jun 16 Jun 161 1510 Land 1411 Building Cost 1110 Cash 2201 Mortgage Payable Purchase of land & building Purchase of land & building Purchase of land & building Purchase of land & building 11,300.00 101,700.00 8,800.00 11 11 Jun 17 Jun 17 1140 Prepaid Rent 1110 Cash Rent payment Rent payment 8,800.00 300.00 12 12 Jun 17 Jun 17 5030 Advertising Expense Received a bill 2101 Accounts Payable Received a bill 300.00 4,500.00 13 13 Jun 21 Jun 21 1120 Accounts Receivable Customers billed for services 4100 Computer & Consulting Customers billed for services 4,500.00 725.00 141 14 Jun 21 Jun 21 1211 Office Equip 1110 Cash Fax machine purchase Fax machine purchase 725.00 15 15 Jun 21 320.00 2101 Accounts Payable 1110 Cash Accounts payable were paid Accounts payable were paid Jun 21 320.00 320.00 15 15 Jun 21 Jun 21 2101 Accounts Payable 1110 Cash Accounts payable were paid Accounts payable were paid 320.00 300.00 16 16 Jun 22 Jun 22 2101 Accounts Payable 1110 Cash Paid a bill Paid a bill 300.00 1.290.00 17 17 Jun 22 Jun 22 5040 Repairs & Maint. Expe Recevied a bill 2101 Accounts Payable Recevied a bill 1,290.00 1,035.00 18 18 Jun 22 Jun 22 5020 Salary Expense 1110 Cash Paid salaries Paid salaries 1,035 00 3,605.00 19 19 Jun 23 Jun 23 1110 Cash Recevied in billings 1120 Accounts Receivable Recevied in billings 3,605.00 605.00 20 20 Jun 23 Jun 23 1150 Office Supplies 2101 Accounts Payable Purchase office supplies Purchase office supplies 605.00 6.120.00 21 21 Jun 28 Jun 28 1120 Accounts Receivable Billed customers for services 4100 Computer & Consulting Billed customers for services 6,120.00 Tran Cre Acco Debi 22 22 Name Description 1110 Cash Recevied in billings 1120 Accounts Receivable Recevied in billings 5,799.00 5,799.00 23 23 Jun 29 Jun 29 1,290.00 2101 Accounts Payable 1110 Cash Paid bill Paid bill 1,290 00 24 24 Jun 29 Jun 29 5020 Salary Expense 1110 Cash 1.035.00 Paid salaries Paid salaries 1,035.00 790.00 25 25 Jun 30 Jun 30 50500l & Gas Expense 2101 Accounts Payable Recevied Bill Recevied Bill 790.00 26 26 Jun 30 Jun 30 1,717.41 3300 Dividends 1110 Cash Paid a cash dividend Paid a cash dividend 1.717.41 27 27 Jun 30 Jun 30 5010 Rent Expense 1140 Prepaid Rent 2,200.00 Rent payment Rent payment 2 200.00 358.00 28 28 Jun 30 Jun 30 5080 Supplies Expense 1150 Office Supplies Office supplies Office supplies 358.00 29 29 Jun 30 Jun 30 479.00 29 Not in Balance by S479.00 Annual interest rate Annual interest rate 5090 Interest Expense 2103 Interest Payable 30 30 Jun 30 Jun 30 5100 Insurance Expense 1130 Prepaid Insurance Prepaid insurance info Prepaid insurance into 31 31 Jun 30 Jun 30 1120 Accounts Receivable Unbiled revenues 4100 Computer & Consulting Unbeled revenues 5,125.00 5,125.00 4,060.84 Hound to two decimal place #32 Not in Balance by-522003.961 32 Jun 30 5110 Depreciation Expense Fixed assets 32 Jun 30 1412 Accum. Depr.-Building Round To TWO Decimal Places 32 Jun 30 1312 Acoum. Depe.-Comput Fixed assets 321 Jun 301 1212 Acoum Deor.-Office E Fixed assets 22,232 80 3,831.00 21.00 33 33 621.00 Jun 30 Jun 30 5020 Salary Expense 2105 Salaries Payable Unpaid salaries Unpaid salaries 62100 621.00 33 33 Jun 30 Jun 30 5020 Salary Expense 2105 Salaries Payable Unpaid salaries Unpaid salaries 621.00 921.66 34 34 Jun 30 Jun 30 5090 Interest Expense 2103 Interest Payable Interest expenses Interest expenses 921.66 35 35 Jun 30 Jun 30 5120 Income Tax Expense Income taxes 2106 Income Taxes Payable Income taxes 36 36 Jun 30 Jun 30 3400 Income Summary Revenue accounts 4100 Computer & Consulting Revenue accounts 37 37 37 37 37 37 37 37 Jun 30 Jun 30 Jun 30 Jun 30 Jun 30 Jun 30 Jun 30 Jun 30 3400 income Summary Expense account 5010 Rent Expense Expense account 5020 Salary Expense Expense account 5030 Advertising Expense Expense account 5040 Repairs & Maint. Expe Expense account 5080 Supplies Expense Expense account 5090 Interest Expense Expense account 5110 Depreciation Expense Expense account 38 38 Jun 30 Jun 30 3200 Retained Earnings 3400 Income Summary Income summary account Income summary account 39 39 Jun 30 Jun 30 3200 Retained Earnings 3300 Dividends Dividends account Dividends account A Byte of Accounting, Inc. Balance Sheet As of June 30, 2020 Assets Current Assets Cash Accounts Receivable Prepaid Insurance Prepaid Rent Office Supplies Total Long-Term Assets Office Equip Accum. Depr.-Office Eq Computer Equip Accum. Depr.-Computer Equip Building Cost Accum. Depr.-Building Land Total Total Assets Liabilities Current Liabilities Accounts Payable Advanced Payment Interest Payable Salaries Payable Income Taxes Payable Total Long-Term Liabilities Mortgage Payable Notes Payable Total Total Liabilities Stockholder's Equity Capital Stock Retained Earnings Total Liabilities and Stockholder's Equity Total 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 serap value of $400. 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 S621 are owed by Byte for three days, June 28 - 30 34. The note payable relating to the June 2, and 10 transactions 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 S108,000. On June 10, eight days later, $20,750 was repaid. Interest expense must be calculated on the $108,000 for eight days. In addition, interest expense on the 587.250 balance of the loan ($108.000 less $20,750 - 587,250) must be calculated for the 20 days remaining in the month of June. 35. Income taxes are to be computed at the rate of 25 percent of net income before taxes. IMPORTANT NOTE: Since the income taxes are a percent of the net income you will want to prepare the income Statements through the Net Income Before Tax line. The worksheet contains all of the accounts and their balances which you can then transfer to the appropriate financial statement Closing Entries 36. Close the revenue accounts 37 Close the expense accounts 38 Close the income summary account 39. Close the dividends account