I need help on 32, 33, and more after that.

1 Number Name 2 1110 Cash 3 1120 Accounts Receivable 4 1130 Prepaid Insurance 5 1140 Prepaid Rent 6 1150 Office Supplies 7 1211 Office Equip. 8 1212 Accum. Depr.-Office Equip. 9 1311 Computer Equip. 10 1312 Accum. Depr.-Computer Equip. 11 1411 Building Cost 12 1412 Accum. Depr.-Building 13 1510 Land 14 2101 Accounts Payable 15 2102 Advanced Payments 16 2103 Interest Payable 17 2105 Salaries Payable 18 2106 Income Taxes Payable 19 2201 Mortgage Payable 20 2202 Notes Payable 21 3100 Capital Stock 22 3200 Retained Eamings 23 3300 Dividends 24 3400 Income Summary 25 4100 Computer & Consulting Revenue 26 5010 Rent Expense 27 5020 Salary Expense 28 5030 Advertising Expense 29 5040 Repairs & Maint. Expense 30 5050 Oil & Gas Expense 31 5080 Supplies Expense 32 5090 Interest Expense 33 5100 Insurance Expense 34 5110 Depreciation Expense 35 5120 Income Tax Expense 36 37 38 39 40 41 Nomal Balance Debit Debit Debit Debit Debit Debit Credit Debit Credit Debit Credit Debit Credit Credit Credit Credit Credit Credit Credit Credit Credit Debit Credit Credit Debit Debit Debit Debit Debit Debit Debit Debit Debit Debit A Byte of Accounting, Inc. General Journal Note: You can only enter data into the yellow filled cells. Transaction Date Account Debit Credit 3,461.42 230.15 3,214.00 17.27 546.00 546.00 Name Description 159 160 161 32 Jun 30 5110 Depreciation Expense Being record of depreciation 162 32 Jun 30 1412 Accum. Depr.-Building Being record of depreciation 163 32 Jun 30 1312 Accum. Depr.-Compute Being record of depreciation 164 32 Jun 30 1212 Accum. Depr.-Office EqBeing record of depreciation 165 166 33 Jun 30 5020 Salary Expense Being record of salaries & wages 167 33 Jun 30 2105 Salaries Payable Being record of salaries & wages 168 169 170 171 34 Jun 30 5090 Interest Expense Being record of interest expenses 172 34 Jun 30 2103 Interest Payable Being record of interest expenses 173 174 175 176 35 Jun 30 5120 Income Tax Expense to close income tax payable 177 35 Jun 30 2106 Income Taxes Payable to close income tax payable 178 179 180 181 36 182 183 1RA 9 Chart of Accounts Transactions General Journal Worksheet Ready 138 934.33 934.33 1,272.70 1,272.70 Income Statement Changes in Journal Hote: You can only enter data into the yellow filled cells. Transaction Date Account Name Description Debit Credit 37 38 8 7 38 29 00 01 02 203 204 205 206 207 208 2001 39 n Description of transaction June 1: Byte of Accounting, Inc, acquired $50,600 in cash from Lauryn and issued 2,200 shares of its common stock after 2. June 1: Byte of Accounting, Inc. issued 2,620 shares of its common stock to $25,760 in cash and computer equipment with a fair market value of $34,500 were received. a 33. June 1: Byte of Accounting, Inc. issued 2,362 shares of its common stock after acquiring from Courtney $40,250 in cash, computer equipment with a fair market value of $13,340 and office equipment with a fair value of $736. 04. June 2: A down payment of $29,000 in cash was made on additional computer equipment that was purchased for $145,000. A five-year note was executed by Byte for the balance. 05. June 4: Additional office equipment costing $300 was purchased on credit from Discount Computer Corporation 06. June 8: Unsatisfactory office equipment costing $60 was returned to Discount Computer for credit to be applied against the outstanding balance owed by Byte. 07. June 10: Byte paid $22,250 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 $6,480 in cash. The effective date of the policy was June 16. 09. June 16; A check in the amount of $6,000 was received for consulting revenue. Transactions General Journal Worksheet Ready Income Statement Change B 0. 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 $4,200 was paid for rent for June and July. Put the total amount into the Prepaid Rent 11. account. 12. June 17: Received a bill of $400 from the local newspaper for advertising. 13. June 21: Accounts payable in the amount of $240 were paid. 14. June 21: A fax machine for the office was purchased for $825 cash. 15. June 21: Billed various miscellaneous local customers $4,200 for consulting services performed. 16. June 22: Paid salaries of $910 to equipment operators for the week ending June 18. 17. June 22: Received a bill for $1,115 from Computer Parts and Repair Co, for repairs to the computer equipment 18. June 22: Paid the advertising bill that was received on June 17. 19. June 23: Purchased office supplies for $655 on credit. Record the purchase as an increase to the assets. 20. June 23: Cash in the amount of $3,365 was received on billings. 21. June 28: Billed $6,225 to miscellaneous customers for services performed to June 25. 3 -6 37 22. June 29: Paid the bill received on June 22, from Computer Parts and Repairs Co. Transactions General Journal Worksheet Income Statement Changes in Re Readive 23. June 29: Cash in the amount of $5,899 was received for billings. 0 24. June 29: Paid salaries of $910 to equipment operators for the week ending June 25. 51 52 53 54 25 June 30: Received a bill for the amount of $990 from O & G Oil and Gas Co. 26. June 30: Paid a cash dividend of $0.24 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.] 55 56 57 58 Adjusting Entries - Round to two decimal places. 27. The rent payment made on June 17 was for June and July. Expense the amount associated with one month's rent. 59 60 28 A physical inventory showed that only $270.00 worth of office supplies remained on hand as of June 30. 61 62 29 The annual interest rate on the mortgage payable was 7.50 percent. Interest expense for one-half month should be computed because the building and land were purchased and the liability incurred on June 16. 63 64 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. 65 66 31. A review of Byte's job worksheets show that there are unbilled revenues in the amount of $5,750 for the period of June 28-30. 32 67 68 69 70 74 72 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 Transactions General Journal Worksheet B calculated on the $116,000 for eight days. In addition, interest expense on the $93,750 balance of the loan (5116,000 less $22,250 = $93,750) 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.) 32 33 84 Closing Entries 85 86 36. Close the revenue accounts. 87 88 37. Close the expense accounts. 89 90 38. Close the income summary account 39. Close the dividends account. 91 92 93 94 95 96 97 E F B D A Byte of Accounting, Inc. Income Statement For Month Ending June 30, 2021 Revenues Computer & Consulting Revenue Expenses Rent Expense Salary Expense Advertising Expense Repairs & Maint. Expense Oil & Gas Expense Supplies Expense Interest Expense Insurance Expense Depreciation Expense Total Expenses Net Income Before Tax Income Tax Expense (Round to two decimal places) Net Income After Tax D B A Byte of Accounting, Inc. Statement of Changes in Retained Earnings For Month Ending June 30, 2021 Total Balance, Beginning of Period Net Income Dividends Balance, End of Period D E F G OD B A Byte of Accounting, Inc. Balance Sheet As of June 30, 2021 Assets Current Assets Cash Accounts Receivable Prepaid Insurance Prepaid Rent Office Supplies Total Long-Term Assets Office Equip Accum. Depr.-Office Equip. 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 Transton D E F C B 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 Eamings Total Total Liabilities and Stockholder's Equity