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I need an income statement and a balance sheet made from this information. 1 2 3 A Byte of Accounting, Inc. General Journal Note: You
I need an income statement and a balance sheet made from this information.
1 2 3 A Byte of Accounting, Inc. General Journal Note: You can only enter data into the yellow filled celle Transaction Credit Date Account Name 4 5 6 Description Debit 01 01 01 Jun 01 Jun 01 Jun 01 1110 Cash 1311 Computer Equip 3100 Capital Stock Issue of common stock Issue of common stock Issue of common stock 22,880.00 34,100.00 56.980.00 02 02 02 02 Jun 01 Jun 01 Jun 01 Jun 01 1110 Cash 1311 Computer Equip 1211 Office Equip 3100 Capital Stock Issue of common stock Issue of common stock Issue of common stock Issue of common stock 45,100.00 10.120.00 1,034.00 56,254.00 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 03 03 Jun 01 Jun 01 1110 Cash 3100 Capital Stock Issue of common stock Issue of common stock 66,000.00 66,000.00 150,000.00 04 04 04 Jun 02 Jun 02 Jun 02 1311 Computer Equip 1110 Cash 2202 Notes Payable Purchase of computer Purchase of computer Purchase of computer 30,000.00 120,000.00 25 26 05 05 Jun 04 Jun 04 27 28 1211 Office Equip 2101 Accounts Payable Purchase of Office Equipment Purchase of Office Equipment 600.00 600.00 06 06 Jun 08 Jun 08 2101 Accounts Payable 1211 Office Equip Retum Office Equipment Retum Office Equipment 120.00 120.00 29 30 31 32 33 34 35 36 37 38 39 40 07 Jun 10 Jun 10 2202 Notes Payable 1110 Cash 23,000.00 Payment of computer equipment Payment of computer equipment 23,000.00 08 110 Prepaid insurance Andrade PAAL Computerinsun 5.808.00 1 2 A Byte of Accounting, Inc. General Journal Note: You can only enter data into the yellow filled cells. 3 Debit 4 Transaction Date Account Credit 08 08 Jun 14 Jun 14 Name 1130 Prepaid Insurance 1110 Cash Description Computer insurance Computer insurance 5,808.00 5,808.00 09 Jun 16 Jun 16 1110 Cash Computer consultancy revenue 4100 Computer & Consulting Computer consultancy revenue 7,250.00 09 7,250.00 olololo Jun 16 Jun 16 Jun 16 Jun 16 1510 Land 1411 Building Cost 1110 Cash 2101 Accounts Payable Purchase of land & building Purchase of land & building Purchase of land & building Purchase of land & building 80,000.00 15,000.00 9,500.00 85,500.00 11 11 Jun 17 Jun 17 1140 Prepaid Rent 1110 Cash 10,000.00 41 42 43 44 45 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 Payment of rent Payment of rent Need An Account Number 2,500.00 7,500.00 12 12 Jun 17 Jun 17 5030 Advertising Expense 2101 Accounts Payable Advertising expense Advertising expense 450.00 450.00 13 13 Jun 21 Jun 21 1120 Accounts Receivable Consulting revenue 4100 Computer & Consulting Consulting revenue 4.500.00 4,500.00 14 14 Jun 21 Jun 21 1211 Office Equip 1110 Cash Purchase of fax machine Purchase of fax machine 850.00 850.00 15 Jun 21 2101 Accounts Payable Payment of Accounts Payable 480.00 AAA 1 2 A Byte of Accounting, Inc. General Journal Note: You can only enter data into the yellow filled celle 3 4 Transaction Date Account Debit Credit 15 15 Jun 21 Jun 21 Name 2101 Accounts Payable 1110 Cash Description Payment of Accounts Payable Payment of Accounts Payable 480.00 480.00 16 16 Jun 22 Jun 22 2101 Accounts Payable 1110 Cash Payment of Advertising expense Payment of Advertising expense 450.00 450.00 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 17 17 Jun 22 Jun 22 5040 Repairs & Maint. Expen Computer repairing fee 2101 Accounts Payable Computer repairing fee 1,215.00 1.215.00 18 18 Jun 22 Jun 22 5020 Salary Expense 1110 Cash Salary payment Salary payment 1,035.00 1.035.00 19 19 Jun 23 Jun 23 1110 Cash 1120 Accounts Receivable Receive payment Receive payment 3,605.00 98 3,605.00 20 20 Jun 23 Jun 23 1150 Office Supplies 2101 Accounts Payable Purchase of Office Supples Purchase of Office Supplies 580.00 580.00 99 100 101 102 103 104 105 106 107 108 109 110 111 21 21 Jun 28 Jun 28 1120 Accounts Receivable Record of revenue 4100 Computer & Consulting Record of revenue 5,595.00 5,595,00 22 Jun 29 1110 Cash Receive Payment 5,300.00 1 2 A Byte of Accounting, Inc. General Journal Note: You can only enter data into the yellow filled celle 3 Transaction Date Account 111 Debit Credit Name 1110 Cash 1120 Accounts Receivable 22 22 Jun 29 Jun 29 112 Description Receive Payment Receive Payment 5,300.00 5,300.00 23 23 Jun 29 Jun 29 2101 Accounts Payable 1110 Cash Payment of computer repair Payment of computer repair 1,215.00 1,215.00 24 24 Jun 29 Jun 29 5020 Salary Expense 1110 Cash Salary payment Salary payment 1,035.00 1,035.00 25 25 Jun 30 Jun 30 5050 Oil & Gas Expense 2101 Accounts Payable Oil & Gas expense Oil & Gas expense 990.00 990.00 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 442 26 26 Jun 30 Jun 30 3300 Dividends 1110 Cash Dividends paid Dividends paid 1.466.46 1,466 46 27 27 Jun 30 Jun 30 5010 Rent Expense 1140 Prepaid Rent Rent payment Rent payment 2.500.000 2,500.00 28 28 Jun 30 Jun 30 5080 Supplies Expense 1150 Office Supplies Supplies payment Supplies payment 344.00 344.00 29 Jun 30 5090 Interest Expense Interest payment 276.00 NA 1 2 A Byte of Accounting, Inc. General Journal Note: You can only enter data into the yellow filled calls 3 Transaction Date Account Debit Credit 29 29 Jun 30 Jun 30 Name 5090 Interest Expense 2103 Interest Payable Description Interest payment Interest payment 276.00 278.00 30 30 Jun 30 Jun 30 5100 Insurance Expense 1130 Prepaid Insurance Insurance payment Insurance payment 242.00 242.00 31 31 Jun 30 Jun 30 1120 Accounts Receivable Consulting revenue 4100 Computer & Consulting Consulting revenue 5.125.00 5,125.00 1,477.00 32 32 32 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 Jun 30 Jun 30 Jun 30 Jun 30 5110 Depreciation Expense Depreciation expense 1412 Accum. Depr.-Building Depreciation expense 1312 Accum. Depr. Compute Depreciation expense 1212 Accum. Depr.-Office Eq Depreciation expenso 5020 Salary Expense Salary payment 2105 Salaries Payable Salary payment 212.00 1237.00 28.00 Jun 30 Jun 30 621.00 821.00 34 34 Jun 30 Jun 30 5090 Interest Expense 2103 Interest Payable Interest payment Interest payment 967.00 967.00 35 35 Jun 30 Jun 30 5120 Income Tax Expense Income tax payment 2106 Income Taxes Payable Income tax payment 3,731.00 3,731.00 36 Jun 30 4100 Computer & Consulting Revenue accounts closed 26.075.00 1 2 A Byte of Accounting, Inc. General Journal Note: You can only enter data into the yellow filled celle 3 Date 4 Transaction Credit Account Name Description 2106 Income Taxes Payable Income tax payment Debit 35 Jun 30 3,731.00 36 36 Jun 30 Jun 30 4100 Computer & Consulting Revenue accounts closed 3400 Income Summary Revenue accounts closed 26,075.00 26,075.00 14,883.00 AAIAAIA 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 37 37 37 37 37 37 37 37 Jun 30 Jun 30 Jun 30 Jun 30 Jun 30 Jun 30 Jun 30 Jun 30 Jun 30 Jun 30 Jun 30 3400 Income Summary Expense accounts closed 5100 Insurance Expense Expense accounts closed 5110 Depreciation Expense Expense accounts closed 5010 Rent Expense Expense accounts closed 5050 Oil & Gas Expense Expense accounts closed 5080 Supplies Expense Expense accounts closed 5090 Interest Expense Expense accounts closed 5020 Salary Expense Expense accounts closed 5030 Advertising Expense Expense accounts closed 5040 Repairs & Maint. Expen Expense accounts closed 5120 Income Tax Expense Expense accounts closed 242.00 1,477.00 2,500.00 990.00 344.00 1,243.00 2,691.00 450.00 1,215.00 3,731.00 38 38 Jun 30 Jun 30 3400 Income Summary 3200 Retained Eamings Income summary account closed Income summary account closed 11.192.00 11. 192.00 39 39 Jun 30 Jun 30 3200 Retained Eamings 3300 Dividends 1.466.46 Dividends account closed Dividends account closed 1,466.46 Step by Step Solution
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