i need help on 32,35,37!

12 A B Number Name 2 1110 Cash 3 1120 Accounts Receivable 1130 Prepaid Insurance 5 1140 Prepaid Rent 6 1150 Office Supplies 7 1211 Office Equip. 8 1212 Accum. Depr.-Office Equip 1311 Computer Equip. 10 1312 Accum. Depr.-Computer Equip. 11 1411 Building Cost 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 Oll & Gas Expense 5080 Supplies Expense 32 5090 Interest Expense 33 5100 Insurance Expense 34 5110 Depreciation Expense 35 5120 Income Tax Expense 36 C Normal 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 31 37 38 39 have a score of 1, 2 One or more errors have been found in the following transaction(s): Transaction 32 One or more of the credit amounts are wrong 35 One or more of the debit amounts are wrong 37 The account numbers are incorrect One or more of the credit amounts are wrong FINANCIAL STATEMENTS Points per error 2 Income Statement Revenues: Computer Revenue 0 Expenses: Rent Expense WRONG 2 Salary Expense WRONG 2 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. 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. Traneanti 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 32. 1 2 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 $8,000. The office equipment has a scrap value of $500. The computer equipment has no scrap value. Calculate the depreciation for one month 73 74 33 A review of the payroll records show that unpaid salaries in the amount of $546.00 are owed by Byte for three days, June 28 - 30. 75 76 34 77 78 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 $116,000 On June 10, eight days later, $22,250 was repaid. Interest expense must be calculated on the $116,000 for eight days. In addition, interest expense on the $93,750 balance of the loan ($116,000 less $22,250 - $93,750) must be calculated for the 20 days remaining in the month of June.] 79 80 81 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.) 82 83 84 Closing Entries 85 86 36. Close the revenue accounts 87 88 37. Close the expense accounts. 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 ou can only enter data into the yellow filled cells. tion Date Account Name Description Debit Credit 1 01 Jun 01 Jun 01 50,600.00 1110 Cash 3100 Capital Stock Being Record of Issus of 220 shares Being Record of Issus of 220 shares 50,600.00 02 02 02 Jun 01 Jun 01 Jun 01 1110 Cash 1311 Computer Equip. 3100 Capital Stock Being record of 2,620 Being record of 2,620 Being record of 2,620 25,760.00 34,500.00 60,260.00 03 03 03 03 Jun 01 Jun 01 Jun 01 Jun 01 1110 Cash 1311 Computer Equip 1211 Office Equip 3100 Capital Stock Being record of 2,362 shares 40,250.00 Being record of 2,362 shares 13,340.00 Being record of 2,362 shares 736.00 Being record of 2,362 shares Being purchase of computer equipmer 145,000.00 Being purchase of computer equipment by cash and Being purchase of computer equipment by cash and 54,326.00 04 04 04 Jun 02 Jun 02 Jun 02 1311 Computer Equip 1110 Cash 2202 Notes Payable 29,000.00 116,000.00 ala) Jun 04 Jun 04 1211 Office Equip 2101 Accounts Payable Being purchase of computer equipmen 300.00 Being purchase of computer equipment on credit 300.00 A Byte of Accounting, General Journal Note: You can only enter data into the yellow filled cells. Transaction Date Account Debit Credit 06 06 Jun 08 Jun 08 Name 2101 Accounts Payable 1211 Office Equip 60.00 Description Being equipment retumed Being equipment returned 60.00 07 07 Jun 10 Jun 10 2202 Notes Payable 1110 Cash Being payment made to note payable Being payment made to note payable 22,250,00 22,250.00 -1 2 3 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 08 08 Jun 14 Jun 14 1130 Prepaid Insurance 1110 Cash Being payment for insurance policy Being payment for insurance policy 6,480.00 6,480.00 09 09 Jun 16 Jun 16 1110 Cash Being record of consulting revenue on 6,000.00 4100 Computer & Consulting Being record of consulting revenue on cash 6,000.00 29M 52 10 10 10 10 53 54 55 56 Jun 16 Jun 16 Jun 16 Jun 16 1510 Land 1411 Building Cost 1110 Cash 2201 Mortgage Payable Being record of Land & Building Being record of Land & Building Being record of Land & Building Being record of Land & Building 18,000.00 95,000.00 11,300.00 101,700.00 101 Jun 17 Transactions 1140 Prepaid Rent General Journal Being navment for prepaid rent Worksheet IN 4.200,00 Note: You can only enter data into the yellow filled cells. Transaction Account Date Name Debit Credit 11 11 Jun 17 Jun 17 1140 Prepaid Rent 1110 Cash Description Being payment for prepaid rent Being payment for prepaid rent 4,200.00 4,200.00 3 3 0 12 12 Jun 17 Jun 17 5030 Advertising Expense Being bill received for advertising 2101 Accounts Payable Being bill received for advertising 400.00 400.00 13 13 Jun 21 Jun 21 2101 Accounts Payable 1110 Cash 240.00 Being payment to supplier Being payment to supplier 240.00 12 33 34 55 66 67 68 69 70 71 72 73 74 75 14 14 Jun 21 Jun 21 1211 Office Equip 1110 Cash To record fax machine purchased To record fax machine purchased 825.00 825.00 B% 76 15 15 Jun 21 Jun 21 1120 Accounts Receivable To record billed customers for providin 4,200.00 4100 Computer & Consulting To record billed customers for providing consulting ser 4,200.00 77 78 79 80 General Journal 2 3 Note: You can only enter data into the yellow filled cells Transaction Account Debit Date Credit Description To record salary paid To record salary paid 910.00 Name 5020 Salary Expense 1110 Cash 16 16 910.00 Jun 22 Jun 22 84 1.115.00 86 87 17 17 Jun 22 Jun 22 5040 Repairs & Maint. Expert To record received bill for compute rep 2101 Accounts Payable To record received bill for compute repair 1.115.00 90 91 92 18 18 Jun 22 Jun 22 2101 Accounts Payable 1110 Cash To record due amount for advertising 400.00 To record due amount for advertising expense 400.00 28898988 655.00 19 19 Jun 23 Jun 23 1150 Office Supplies 2101 Accounts Payable To record office supplies on account To record office supplies on account 655.00 100 3,365.00 20 20 Jun 23 Jun 23 1110 Cash 1120 Accounts Receivable To record cash received from custom To record cash received from customer 102 3,365.00 106 Jun 28 1120 Accounts Receivable To record consulting service provided 5.225.00 1 A Byte of Accounting, Inc. 2 General Journal 3 Note: You can only enter data into the yellow filled cells. Transaction Account Debit Date Credit Name Description 1120 Accounts Receivable To record consulting service provided 4100 Computer & Consulting To record consulting service provided 6,225.00 6,225.00 21 21 Jun 28 Jun 28 1.115,00 4 105 106 107 108 109 110 111 112 113 114 115 116 117 22 22 Jun 29 Jun 29 2101 Accounts Payable 1110 Cash Computer repair bill Computer repair bill 1.115.00 5,899.00 23 23 Jun 29 Jun 29 1110 Cash 1120 Accounts Receivable To record cash collected on account To record cash collected on account 5,899.00 118 910.00 24 24 Jun 29 Jun 29 5020 Salary Expense 1110 Cash Weekly Salaries Weekly Salaries 910.00 119 120 121 122 123 124 125 126 127 12B 129 130 990.00 25 25 Jun 30 Jun 30 5050 Oil & Gas Expense 2101 Accounts Payable Oil & gas expense Oil & gas expense 990.00 Transactions General Journal Worksheet Income Statement Changes in Retained Earnings D E A Byte of Accounting, Inc. General Journal Note: You can only enter data into the yellow filled cells Transaction Account Debit Date Credit Description To record dividends paid To record dividends paid 1.723.68 26 26 Jun 30 Jun 30 Name 3300 Dividends 1110 Cash 1,723.68 2,100.00 4 ww 31 32 133 134 135 136 137 138 139 140 141 142 143 27 27 Jun 30 Jun 30 5010 Rent Expense 1140 Prepaid Rent Being recorded of one month rent Being recorded of one month rent 2,100.00 385.00 28 28 Jun 30 Jun 30 5080 Supplies Expense 1150 Office Supplies Being record of supplies expense Being record of supplies expense 385.00 144 29 29 Jun 30 Jun 30 5090 Interest Expense 2103 Interest Payable Being interest of 7.50% recorded form 317.81 Being interest of 7.50% recorded for mortgage 317.81 145 146 147 148 149 150 151 152 153 154 155 156 270.00 30 30 Jun 30 Jun 30 5100 Insurance Expense 1130 Prepaid Insurance Being record of half month insurance Being ord of half month insurance 270.00 Annal Transactions 1120 Accounts Receivable Being record of service.rehenne A General Journal Worksheet Income Statement 5.750.001 Changes in Retained Earnings Ready A Byte of Accounting, Inc. General Journal Note: You can only enter data into the yellow filled cells. Transaction Date Account Debit Name Description Credit 5,750.00 31 31 Jun 30 Jun 30 1120 Accounts Receivable Being record of service rebenue 4100 Computer & Consulting Being record of service rebenue 5,750.00 3,464,07 32 32 32 32 Jun 30 Jun 30 Jun 30 Jun 30 5110 Depreciation Expense Being record of depreciation 1212 Accum. Depr.-Office EqBeing record of depreciation 1312 Accum. Depr.-Compute Being record of depreciation 1412 Accum. Depr.-Building Being record of depreciation 5020 Salary Expense Being record of salaries & wages 2105 Salaries Payable Being record of salaries & wages 17.27 3,214.00 232.80 546.00 33 33 Jun 30 Jun 30 546.00 1 2 3 34 35 66 67 68 169 170 171 172 173 174 175 176 177 178 179 180 934.33 34 34 Jun 30 Jun 30 5090 Interest Expense 2103 Interest Payable Being record of interest expenses Being record of interest expenses 934.33 35 35 Jun 30 Jun 30 2,465.69 5120 Income Tax Expense to close income tax payable 2106 Income Taxes Payable to close income tax payable 2,465.69 9 Transactions A General Journal Worksheet Income Statement Changes in Retained Earnings A Byte of Accounting, Inc. 2 General Journal 3 Note: You can only enter data into the yellow filled cells. Transaction Date Account Debit Credit 36 36 22,175.00 Name Description 4100 Computer & Consulting Closing revenus account 3400 Income Summary Closing revenus account Jun 30 Jun 30 22.175.00 14.777.92 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 37 37 37 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 Closing expense account 5090 Interest Expense Closing expense account 1150 Office Supplies Closing expense account 5010 Rent Expense Closing expense account 5020 Salary Expense Closing expense account 5030 Advertising Expense Closing expense account 5040 Repairs & Maint. ExperClosing expense account 5050 Oil & Gas Expense Closing expense account 5100 Insurance Expense Closing expense account 5110 Depreciation Expense Closing expense account 5120 Income Tax Expense Closing expense account 3400 Income Summary Closing income summary account 3200 Retained Earings Closing income summary account 1,252.15 385.00 2,100.00 2,336.00 400.00 1,115.00 990.00 270.00 3,464.08 2,465.69 38 38 Jun 30 Jun 30 7,397.08 7.397.08 188 39 39 Jun 30 Jun 30 3200 Retained Earnings 3300 Dividends Closing dividend account Closing dividend account 1.723.68 723.68 Transactions General Journal Worksheet Income Statement Changes in Retained Earnings Dal A Byte of Accounting, Inc. General Journal Note: You can only enter data into the yellow filled cells. Transaction Date Account Debit Credit 37 37 37 37 Jun 30 Jun 30 Jun 30 Jun 30 Name Description 5050 Oil & Gas Expense Closing expense account 5100 Insurance Expense Closing expense account 5110 Depreciation Expense Closing expense account 5120 Income Tax Expense Closing expense account 990.00 270.00 3,464.08 2,465.69 5 8 7 18 19 7,397.08 38 38 Jun 30 Jun 30 3400 Income Summary 3200 Retained Earings Closing income summary account Closing incomo summary account 7,397.08 86 88883 1,723.68 39 39 Jun 30 Jun 30 3200 Retained Eamings 3300 Dividends 03 04 205 206 Closing dividend account Closing dividend account 1,723.68 12 A B Number Name 2 1110 Cash 3 1120 Accounts Receivable 1130 Prepaid Insurance 5 1140 Prepaid Rent 6 1150 Office Supplies 7 1211 Office Equip. 8 1212 Accum. Depr.-Office Equip 1311 Computer Equip. 10 1312 Accum. Depr.-Computer Equip. 11 1411 Building Cost 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 Oll & Gas Expense 5080 Supplies Expense 32 5090 Interest Expense 33 5100 Insurance Expense 34 5110 Depreciation Expense 35 5120 Income Tax Expense 36 C Normal 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 31 37 38 39 have a score of 1, 2 One or more errors have been found in the following transaction(s): Transaction 32 One or more of the credit amounts are wrong 35 One or more of the debit amounts are wrong 37 The account numbers are incorrect One or more of the credit amounts are wrong FINANCIAL STATEMENTS Points per error 2 Income Statement Revenues: Computer Revenue 0 Expenses: Rent Expense WRONG 2 Salary Expense WRONG 2 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. 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. Traneanti 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 32. 1 2 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 $8,000. The office equipment has a scrap value of $500. The computer equipment has no scrap value. Calculate the depreciation for one month 73 74 33 A review of the payroll records show that unpaid salaries in the amount of $546.00 are owed by Byte for three days, June 28 - 30. 75 76 34 77 78 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 $116,000 On June 10, eight days later, $22,250 was repaid. Interest expense must be calculated on the $116,000 for eight days. In addition, interest expense on the $93,750 balance of the loan ($116,000 less $22,250 - $93,750) must be calculated for the 20 days remaining in the month of June.] 79 80 81 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.) 82 83 84 Closing Entries 85 86 36. Close the revenue accounts 87 88 37. Close the expense accounts. 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 ou can only enter data into the yellow filled cells. tion Date Account Name Description Debit Credit 1 01 Jun 01 Jun 01 50,600.00 1110 Cash 3100 Capital Stock Being Record of Issus of 220 shares Being Record of Issus of 220 shares 50,600.00 02 02 02 Jun 01 Jun 01 Jun 01 1110 Cash 1311 Computer Equip. 3100 Capital Stock Being record of 2,620 Being record of 2,620 Being record of 2,620 25,760.00 34,500.00 60,260.00 03 03 03 03 Jun 01 Jun 01 Jun 01 Jun 01 1110 Cash 1311 Computer Equip 1211 Office Equip 3100 Capital Stock Being record of 2,362 shares 40,250.00 Being record of 2,362 shares 13,340.00 Being record of 2,362 shares 736.00 Being record of 2,362 shares Being purchase of computer equipmer 145,000.00 Being purchase of computer equipment by cash and Being purchase of computer equipment by cash and 54,326.00 04 04 04 Jun 02 Jun 02 Jun 02 1311 Computer Equip 1110 Cash 2202 Notes Payable 29,000.00 116,000.00 ala) Jun 04 Jun 04 1211 Office Equip 2101 Accounts Payable Being purchase of computer equipmen 300.00 Being purchase of computer equipment on credit 300.00 A Byte of Accounting, General Journal Note: You can only enter data into the yellow filled cells. Transaction Date Account Debit Credit 06 06 Jun 08 Jun 08 Name 2101 Accounts Payable 1211 Office Equip 60.00 Description Being equipment retumed Being equipment returned 60.00 07 07 Jun 10 Jun 10 2202 Notes Payable 1110 Cash Being payment made to note payable Being payment made to note payable 22,250,00 22,250.00 -1 2 3 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 08 08 Jun 14 Jun 14 1130 Prepaid Insurance 1110 Cash Being payment for insurance policy Being payment for insurance policy 6,480.00 6,480.00 09 09 Jun 16 Jun 16 1110 Cash Being record of consulting revenue on 6,000.00 4100 Computer & Consulting Being record of consulting revenue on cash 6,000.00 29M 52 10 10 10 10 53 54 55 56 Jun 16 Jun 16 Jun 16 Jun 16 1510 Land 1411 Building Cost 1110 Cash 2201 Mortgage Payable Being record of Land & Building Being record of Land & Building Being record of Land & Building Being record of Land & Building 18,000.00 95,000.00 11,300.00 101,700.00 101 Jun 17 Transactions 1140 Prepaid Rent General Journal Being navment for prepaid rent Worksheet IN 4.200,00 Note: You can only enter data into the yellow filled cells. Transaction Account Date Name Debit Credit 11 11 Jun 17 Jun 17 1140 Prepaid Rent 1110 Cash Description Being payment for prepaid rent Being payment for prepaid rent 4,200.00 4,200.00 3 3 0 12 12 Jun 17 Jun 17 5030 Advertising Expense Being bill received for advertising 2101 Accounts Payable Being bill received for advertising 400.00 400.00 13 13 Jun 21 Jun 21 2101 Accounts Payable 1110 Cash 240.00 Being payment to supplier Being payment to supplier 240.00 12 33 34 55 66 67 68 69 70 71 72 73 74 75 14 14 Jun 21 Jun 21 1211 Office Equip 1110 Cash To record fax machine purchased To record fax machine purchased 825.00 825.00 B% 76 15 15 Jun 21 Jun 21 1120 Accounts Receivable To record billed customers for providin 4,200.00 4100 Computer & Consulting To record billed customers for providing consulting ser 4,200.00 77 78 79 80 General Journal 2 3 Note: You can only enter data into the yellow filled cells Transaction Account Debit Date Credit Description To record salary paid To record salary paid 910.00 Name 5020 Salary Expense 1110 Cash 16 16 910.00 Jun 22 Jun 22 84 1.115.00 86 87 17 17 Jun 22 Jun 22 5040 Repairs & Maint. Expert To record received bill for compute rep 2101 Accounts Payable To record received bill for compute repair 1.115.00 90 91 92 18 18 Jun 22 Jun 22 2101 Accounts Payable 1110 Cash To record due amount for advertising 400.00 To record due amount for advertising expense 400.00 28898988 655.00 19 19 Jun 23 Jun 23 1150 Office Supplies 2101 Accounts Payable To record office supplies on account To record office supplies on account 655.00 100 3,365.00 20 20 Jun 23 Jun 23 1110 Cash 1120 Accounts Receivable To record cash received from custom To record cash received from customer 102 3,365.00 106 Jun 28 1120 Accounts Receivable To record consulting service provided 5.225.00 1 A Byte of Accounting, Inc. 2 General Journal 3 Note: You can only enter data into the yellow filled cells. Transaction Account Debit Date Credit Name Description 1120 Accounts Receivable To record consulting service provided 4100 Computer & Consulting To record consulting service provided 6,225.00 6,225.00 21 21 Jun 28 Jun 28 1.115,00 4 105 106 107 108 109 110 111 112 113 114 115 116 117 22 22 Jun 29 Jun 29 2101 Accounts Payable 1110 Cash Computer repair bill Computer repair bill 1.115.00 5,899.00 23 23 Jun 29 Jun 29 1110 Cash 1120 Accounts Receivable To record cash collected on account To record cash collected on account 5,899.00 118 910.00 24 24 Jun 29 Jun 29 5020 Salary Expense 1110 Cash Weekly Salaries Weekly Salaries 910.00 119 120 121 122 123 124 125 126 127 12B 129 130 990.00 25 25 Jun 30 Jun 30 5050 Oil & Gas Expense 2101 Accounts Payable Oil & gas expense Oil & gas expense 990.00 Transactions General Journal Worksheet Income Statement Changes in Retained Earnings D E A Byte of Accounting, Inc. General Journal Note: You can only enter data into the yellow filled cells Transaction Account Debit Date Credit Description To record dividends paid To record dividends paid 1.723.68 26 26 Jun 30 Jun 30 Name 3300 Dividends 1110 Cash 1,723.68 2,100.00 4 ww 31 32 133 134 135 136 137 138 139 140 141 142 143 27 27 Jun 30 Jun 30 5010 Rent Expense 1140 Prepaid Rent Being recorded of one month rent Being recorded of one month rent 2,100.00 385.00 28 28 Jun 30 Jun 30 5080 Supplies Expense 1150 Office Supplies Being record of supplies expense Being record of supplies expense 385.00 144 29 29 Jun 30 Jun 30 5090 Interest Expense 2103 Interest Payable Being interest of 7.50% recorded form 317.81 Being interest of 7.50% recorded for mortgage 317.81 145 146 147 148 149 150 151 152 153 154 155 156 270.00 30 30 Jun 30 Jun 30 5100 Insurance Expense 1130 Prepaid Insurance Being record of half month insurance Being ord of half month insurance 270.00 Annal Transactions 1120 Accounts Receivable Being record of service.rehenne A General Journal Worksheet Income Statement 5.750.001 Changes in Retained Earnings Ready A Byte of Accounting, Inc. General Journal Note: You can only enter data into the yellow filled cells. Transaction Date Account Debit Name Description Credit 5,750.00 31 31 Jun 30 Jun 30 1120 Accounts Receivable Being record of service rebenue 4100 Computer & Consulting Being record of service rebenue 5,750.00 3,464,07 32 32 32 32 Jun 30 Jun 30 Jun 30 Jun 30 5110 Depreciation Expense Being record of depreciation 1212 Accum. Depr.-Office EqBeing record of depreciation 1312 Accum. Depr.-Compute Being record of depreciation 1412 Accum. Depr.-Building Being record of depreciation 5020 Salary Expense Being record of salaries & wages 2105 Salaries Payable Being record of salaries & wages 17.27 3,214.00 232.80 546.00 33 33 Jun 30 Jun 30 546.00 1 2 3 34 35 66 67 68 169 170 171 172 173 174 175 176 177 178 179 180 934.33 34 34 Jun 30 Jun 30 5090 Interest Expense 2103 Interest Payable Being record of interest expenses Being record of interest expenses 934.33 35 35 Jun 30 Jun 30 2,465.69 5120 Income Tax Expense to close income tax payable 2106 Income Taxes Payable to close income tax payable 2,465.69 9 Transactions A General Journal Worksheet Income Statement Changes in Retained Earnings A Byte of Accounting, Inc. 2 General Journal 3 Note: You can only enter data into the yellow filled cells. Transaction Date Account Debit Credit 36 36 22,175.00 Name Description 4100 Computer & Consulting Closing revenus account 3400 Income Summary Closing revenus account Jun 30 Jun 30 22.175.00 14.777.92 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 37 37 37 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 Closing expense account 5090 Interest Expense Closing expense account 1150 Office Supplies Closing expense account 5010 Rent Expense Closing expense account 5020 Salary Expense Closing expense account 5030 Advertising Expense Closing expense account 5040 Repairs & Maint. ExperClosing expense account 5050 Oil & Gas Expense Closing expense account 5100 Insurance Expense Closing expense account 5110 Depreciation Expense Closing expense account 5120 Income Tax Expense Closing expense account 3400 Income Summary Closing income summary account 3200 Retained Earings Closing income summary account 1,252.15 385.00 2,100.00 2,336.00 400.00 1,115.00 990.00 270.00 3,464.08 2,465.69 38 38 Jun 30 Jun 30 7,397.08 7.397.08 188 39 39 Jun 30 Jun 30 3200 Retained Earnings 3300 Dividends Closing dividend account Closing dividend account 1.723.68 723.68 Transactions General Journal Worksheet Income Statement Changes in Retained Earnings Dal A Byte of Accounting, Inc. General Journal Note: You can only enter data into the yellow filled cells. Transaction Date Account Debit Credit 37 37 37 37 Jun 30 Jun 30 Jun 30 Jun 30 Name Description 5050 Oil & Gas Expense Closing expense account 5100 Insurance Expense Closing expense account 5110 Depreciation Expense Closing expense account 5120 Income Tax Expense Closing expense account 990.00 270.00 3,464.08 2,465.69 5 8 7 18 19 7,397.08 38 38 Jun 30 Jun 30 3400 Income Summary 3200 Retained Earings Closing income summary account Closing incomo summary account 7,397.08 86 88883 1,723.68 39 39 Jun 30 Jun 30 3200 Retained Eamings 3300 Dividends 03 04 205 206 Closing dividend account Closing dividend account 1,723.68