I need all adjusting entries, worksheet, income statement, changes in owners equity, & balance sheet.

thats fine

what question

which one

Peserpon ollransaction June 1: Jeremy made an investment in Byte of Accounting, Ine, by purchasing 2.610 shares of its 01 common stock paying $10.700 in cash and by contributing computer equipment with a fair market value of 556,980. The par value of the common stock was $21 per share June 1: Courtney made an investment in Byte of Accounting, Inc. by purchasing 92 shares of its 02 common stock by contributing computer equipment with a fair market value of $17.020 and office equipment with a fair value of $1,181. The par value of the common stock was 521 per share. June made an investment in llyte of Accounting, Inc. by purchasing 1.750 shares of its common stock for S138,750 cash. The par value of the common stock was 521 per share. June 2: Check # 5002 was used to make a down payment of $35,000.00 on additional computer 04 equipment that was purchased from Royce Computers, invoice number 76542. The full price of the computer was $175,000.00. A five-year was executed by Byte for the balance June 4: Additional office equipment costing $500.00 was purchased on credit from Discount Computer Corporation. The invoice number was 98432 June 8: Unsatisfactory office equipment costing S100.00 from invoice number 98432 was returned to Discount Computer for credit to be applied against the outstanding balance owed by Byte June 10: Check 5003 was used to make a 526,750.00 payment reducing the principal owed on the June 12 purchase of computer equipment from Royce Computers June 10: Purchased office supplies for $1.750.00 from Staples on account. The invoice number was 61298. Included in the purchase was 10 units of Super Routere at a cost of $45.00 each June 14: Check 5004 was used to purchase a one-year insurance policy covering its computer 09. lequipment for SS, NON OD from Seth's Insurance. The effective date of the policy was June 16 and the invoice number was 2187 10. June 16: Checks in the amount of 58,510.00 was received for services formed for cash customers Pune 16 Byte purchased a building and the land it is on for $113,000.00 to house its repair facilities and to store computer equipment. The loc on which the building is located is valued at STR.000.00. The 11 balance of the cost is to be allocated to the building. Check #5005 was used to make the down payment or $11.300.00. A thirty year mortgage with an inital payement due on August 1st, was established for the balance. June 17: Check #5006 for $9.200.00 was paid for rent of the office space for June, July, August and September June 17: Received invoice number 26354 in the amount of $300.00 from the local newspaper for advertising 14 June 21: Billed various miscellaneous local customers 54,800.00 for consulting services performed June 21: Check 5007 was used to purchase a fax machine for the office from Office Machines Express for $725.00. The invoice number was 975-328. 18 June 21: Accounts payable in the amount of $400.00 were paid with Check #5008. 17. June 22: Check 5009 was used to pay the advertising bill that was received on June 17. June 22: Received a bill for $1,315.00 from Computer Parts and Repair Co. for repairs to the computer equipment. The invoice number was 43254 June 22. Check 5010 was used to pay salaries of $1,010,00 to equipment operators for the week ending June 18. Ignore payroll taxes 20 June 23: Cash in the amount of 53.815.00 was received on billings. June 2): Purchased office supplies for $875.00 from Staples on account. The invoice number was 65098 Included in the purchase was 10 units of Super Routere at a cost of 55200 each ile 56.015.00 to miscellaneous customers for nice performed to use le 29: Cash in the amount of 5.699.00 was received for billings June 29 Paid the will received on June 22, from Computer Parts and Repairs Co with Check Son June 29. Check Iming Jun 2 5012 was used to pay salaries of $1,010,00 to equipment operators for the weck we payroll taxes June 20: Received a bill for the amount of $810.00 from 417 & GO and Gas Co. The invoice number 1 June 30. Check 5013 was used to pay for a cash dividend of 50.22 per share to Jeremy, a shareholder By June 30: Check #5014 was used to pay for a cash dividend of 50.22 per share to shangholder of Byte 20 June 30: Check 5015 was used to pay for a cash dividend of 50.22 per share to Courtney, shareholder of Byte Adjusting Entries - Round to the decimal places. The rent payment made on June 17 was for June July August and September. Expense the associated with one month's rent. A physical inventory showed that only 8369.00 worth of general office supplies remained on lund 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 7.00 percent. Interest expense for one-half month should be computed because the building and land were purchased and the liability incurred on June 16. 33. 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 $15.750 for the period of June 28-30 The fixed assets have estimated useful lives as follows: The Building and the Office Equipment have the following estimated useful lives 35 Building - 31.5 years Jonice 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 58,000.00. The office equipment has a salvare value of 15300.00 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 scrap 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. more payroll taxes The note payable to Royce Computers (trangstons 04 and 7) is a f r ee 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 $140,000.00. On June 10, eight days later, 526,750.00 was repaid. Interest expertise must be calculated on the S140,000.00 for eight days. In addition, interest expense on the SI13.250.00 balance of the loan (5140,000.00 less 526,750.00 - $113.250.00) must be calculated for the 20 days remaining in the month of June.) Based on the information on the "Bank Reconciliation sheet prepare the journal entry required to increases cash. Based on the information on the "Bank Reconciliation sheet prepare the journal entry required to decreases cash Our CPA has informed us to estimate that 2.00% of Computer & Consulting Revenue will be uncollectable 42 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 43. Close the revenue accounts. 44. Close the expense accounts. 45. Close the income summary account 46 Close the dividends account. Number Name 1110 Cash 1120 Accounts Receivable 1121 Allowance for Doubtful Accounts 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 Capital Stock 3110 Paid-in Capital in Excess of Par Value 3200 Retained Earnings 3300 Dividends 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 5120 Bad Debt Expense 5130 Bank Expense 5140 Telephone Expense 5150 Income Tax Expense Normal Balance Debit Debit Credit Debit Debit Debit Debit Credit Debit Credit Debit Credit Debit Credit Credit Credit Credit Credit Credit Credit Credit Credit Credit Debit Credit Credit Debit Debit Debit Debit Debit Debit Debit Debit Debit Debit Debit Debit Debit Peserpon ollransaction June 1: Jeremy made an investment in Byte of Accounting, Ine, by purchasing 2.610 shares of its 01 common stock paying $10.700 in cash and by contributing computer equipment with a fair market value of 556,980. The par value of the common stock was $21 per share June 1: Courtney made an investment in Byte of Accounting, Inc. by purchasing 92 shares of its 02 common stock by contributing computer equipment with a fair market value of $17.020 and office equipment with a fair value of $1,181. The par value of the common stock was 521 per share. June made an investment in llyte of Accounting, Inc. by purchasing 1.750 shares of its common stock for S138,750 cash. The par value of the common stock was 521 per share. June 2: Check # 5002 was used to make a down payment of $35,000.00 on additional computer 04 equipment that was purchased from Royce Computers, invoice number 76542. The full price of the computer was $175,000.00. A five-year was executed by Byte for the balance June 4: Additional office equipment costing $500.00 was purchased on credit from Discount Computer Corporation. The invoice number was 98432 June 8: Unsatisfactory office equipment costing S100.00 from invoice number 98432 was returned to Discount Computer for credit to be applied against the outstanding balance owed by Byte June 10: Check 5003 was used to make a 526,750.00 payment reducing the principal owed on the June 12 purchase of computer equipment from Royce Computers June 10: Purchased office supplies for $1.750.00 from Staples on account. The invoice number was 61298. Included in the purchase was 10 units of Super Routere at a cost of $45.00 each June 14: Check 5004 was used to purchase a one-year insurance policy covering its computer 09. lequipment for SS, NON OD from Seth's Insurance. The effective date of the policy was June 16 and the invoice number was 2187 10. June 16: Checks in the amount of 58,510.00 was received for services formed for cash customers Pune 16 Byte purchased a building and the land it is on for $113,000.00 to house its repair facilities and to store computer equipment. The loc on which the building is located is valued at STR.000.00. The 11 balance of the cost is to be allocated to the building. Check #5005 was used to make the down payment or $11.300.00. A thirty year mortgage with an inital payement due on August 1st, was established for the balance. June 17: Check #5006 for $9.200.00 was paid for rent of the office space for June, July, August and September June 17: Received invoice number 26354 in the amount of $300.00 from the local newspaper for advertising 14 June 21: Billed various miscellaneous local customers 54,800.00 for consulting services performed June 21: Check 5007 was used to purchase a fax machine for the office from Office Machines Express for $725.00. The invoice number was 975-328. 18 June 21: Accounts payable in the amount of $400.00 were paid with Check #5008. 17. June 22: Check 5009 was used to pay the advertising bill that was received on June 17. June 22: Received a bill for $1,315.00 from Computer Parts and Repair Co. for repairs to the computer equipment. The invoice number was 43254 June 22. Check 5010 was used to pay salaries of $1,010,00 to equipment operators for the week ending June 18. Ignore payroll taxes 20 June 23: Cash in the amount of 53.815.00 was received on billings. June 2): Purchased office supplies for $875.00 from Staples on account. The invoice number was 65098 Included in the purchase was 10 units of Super Routere at a cost of 55200 each ile 56.015.00 to miscellaneous customers for nice performed to use le 29: Cash in the amount of 5.699.00 was received for billings June 29 Paid the will received on June 22, from Computer Parts and Repairs Co with Check Son June 29. Check Iming Jun 2 5012 was used to pay salaries of $1,010,00 to equipment operators for the weck we payroll taxes June 20: Received a bill for the amount of $810.00 from 417 & GO and Gas Co. The invoice number 1 June 30. Check 5013 was used to pay for a cash dividend of 50.22 per share to Jeremy, a shareholder By June 30: Check #5014 was used to pay for a cash dividend of 50.22 per share to shangholder of Byte 20 June 30: Check 5015 was used to pay for a cash dividend of 50.22 per share to Courtney, shareholder of Byte Adjusting Entries - Round to the decimal places. The rent payment made on June 17 was for June July August and September. Expense the associated with one month's rent. A physical inventory showed that only 8369.00 worth of general office supplies remained on lund 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 7.00 percent. Interest expense for one-half month should be computed because the building and land were purchased and the liability incurred on June 16. 33. 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 $15.750 for the period of June 28-30 The fixed assets have estimated useful lives as follows: The Building and the Office Equipment have the following estimated useful lives 35 Building - 31.5 years Jonice 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 58,000.00. The office equipment has a salvare value of 15300.00 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 scrap 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. more payroll taxes The note payable to Royce Computers (trangstons 04 and 7) is a f r ee 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 $140,000.00. On June 10, eight days later, 526,750.00 was repaid. Interest expertise must be calculated on the S140,000.00 for eight days. In addition, interest expense on the SI13.250.00 balance of the loan (5140,000.00 less 526,750.00 - $113.250.00) must be calculated for the 20 days remaining in the month of June.) Based on the information on the "Bank Reconciliation sheet prepare the journal entry required to increases cash. Based on the information on the "Bank Reconciliation sheet prepare the journal entry required to decreases cash Our CPA has informed us to estimate that 2.00% of Computer & Consulting Revenue will be uncollectable 42 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 43. Close the revenue accounts. 44. Close the expense accounts. 45. Close the income summary account 46 Close the dividends account. Number Name 1110 Cash 1120 Accounts Receivable 1121 Allowance for Doubtful Accounts 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 Capital Stock 3110 Paid-in Capital in Excess of Par Value 3200 Retained Earnings 3300 Dividends 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 5120 Bad Debt Expense 5130 Bank Expense 5140 Telephone Expense 5150 Income Tax Expense Normal Balance Debit Debit Credit Debit Debit Debit Debit Credit Debit Credit Debit Credit Debit Credit Credit Credit Credit Credit Credit Credit Credit Credit Credit Debit Credit Credit Debit Debit Debit Debit Debit Debit Debit Debit Debit Debit Debit Debit Debit