I need help with #32-39 on the general ledger. It also says that the debits are wrong for 10, 27, and 30. After that if I can get help for the income statement, statement of RE, and the balance sheet. Please, please help!!

1 A Byte of Accounting, Inc. General Journal 3 Note: You can only enter data into the yellow filled cells. N Transaction Date Name Account Debit Credit 4 5 6 7 8 9 10 11 01 01 01 Jun 01 Jun 01 Jun 01 1110 Cash 1311 Computer Equip. 3100 Capital Stock Description common stock issued to jeremy common stock issued to jeremy common stock issued to jeremy 31,360.000 43,680.00 75,040.00 OWN O O 02 02 02 02 Jun 01 Jun 01 Jun 01 Jun 01 1110 Cash 1311 Computer Equip. 1211 Office Equip 3100 Capital Stock common stock issued common stock issued common stock issued common stock issued 57,400.00 15,120.00 1,232.00 73,752.00 03 03 Jun 01 Jun 01 50,400.00 1110 Cash 3100 Capital Stock common stock issued common stock issued 50,400.00 04 04 04 Jun 02 Jun 02 Jun 02 1311 Computer Equip. 1110 Cash 2202 Notes Payable computer bought with cash and note 170,000.00 computer bought with cash and notes payable computer bought with cash and notes payable 34,000.00 136,000.00 05 05 Jun 04 Jun 04 300.00 1211 Office Equip 2202 Notes Payable equipment purchased on credit equipment purchased on credit 300.00 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 60.00 06 06 Jun 04 Jun 04 2101 Accounts Payable 1211 Office Equip returned office equipment returned office equipment 60.00 07 07 26,000.00 Jun 10 Jun 10 2202 Notes Payable 1110 Cash byte paid balance byte paid balance 26,000.00 08 Jun 14 4,968.00 1130 Prepaid Insurance Chart of Accounts one year computer insurance Transactions General Journal Welcome Worksheet Income Statem 1 2. A Byte of Accounting, Inc. General Journal Note: You can only enter data into the yellow filled cells. 3 Transaction Date Name Account Description Debit Credit 09 Jun 16 Jun 16 09 1110 Cash cash recieved for computer consul 7,750.00 4100 Computer & Consulti cash recieved for computer consultaion 7,750.00 4 45 46 47 48 49 50 51 52 53 54 10 10 10 10 120,000.00 23,000.00 Jun 16 Jun 16 Jun 16 Jun 16 1510 Land 1411 Building Cost 1110 Cash 2201 Mortgage Payable purchased land and building purchased land and building purchased land and building purchased land and building 14,300.00 128,700.00 55 11 11 6,600.00 Jun 17 Jun 17 1140 Prepaid Rent 1110 Cash paid prepaid rent paid prepaid rent 6,600.00 56 57 58 59 60 61 475.00 12 12 Jun 17 Jun 17 5030 Advertising Expense recieved bill for advertising 2101 Accounts Payable recieved bill for advertising 62 475.00 13 13 Jun 21 Jun 21 1120 Accounts Receivable billed customers for consulting sel 4,800.00 4100 Computer & Consulti billed customers for consulting services perform 4,800.00 63 64 65 66 67 68 69 70 71 72 73 14 14 Jun 21 Jun 21 1211 Office Equip. 1110 Cash 775.00 purchased fax machine purchased fax machine 775.00 74 240.00 15 15 Jun 21 Jun 21 2101 Accounts Payable 1110 Cash paid accounts payable paid accounts payable 240.00 75 76 77 78 79 80 81 82 83 84 85 86 87 475.00 16 16 Jun 22 Jun 22 2101 Accounts Payable 1110 Cash paid advertising bill recieved June paid advertising bill recieved June 17 475.00 17 17 Jun 22 5040 Repairs & Maint. Exp recieved bill for repairs to compute 1,165.00 Jun 22 2101 Accounts Payable recieved bill for repairs to computer equipment 1,165.00 Welcome Chart of Accounts Transactions General Journal Worksheet In H.. 1 A Byte of Accounting, Inc. General Journal 3 Note: You can only enter data into the yellow filled cells. 2 Transaction Date Account Debit Credit 17 17 Jun 22 Jun 22 Name Description 5040 Repairs & Maint. Exp recieved bill for repairs to compute 1,165.00 2101 Accounts Payable recieved bill for repairs to computer equipment 1,165.00 835.00 18 18 Jun 22 Jun 22 5020 Salary Expense 1110 Cash salaries paid to equipment operat| salaries paid to equipment operators 835.00 19 19 Jun 23 Jun 23 1110 Cash recieved cash from customers 1120 Accounts Receivable recieved cash from customers 3,845.00 3,845.00 530.00 20 20 Jun 23 Jun 23 1150 Office Supplies 2101 Accounts Payable purchased office supplies on cred purchased office supplies on credit 530.00 4 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 21 21 Jun 28 Jun 28 1120 Accounts Receivable billed customers for consulting sel 5,280.00 4100 Computer & Consulti billed customers for consulting services 5,280.00 5,001.00 22 22 Jun 29 Jun 29 1110 Cash cash recieved for billing 1120 Accounts Receivable cash recieved for billing 5,001.00 23 23 1,165.00 Jun 29 Jun 29 2101 Accounts Payable 1110 Cash paid bill recieved on june 22 paid bill recieved on June 22 1,165.00 835.00 24 24 Jun 29 Jun 291 5020 Salary Expense 1110 Cash paid salaries to equipment operat| paid salaries to equipment operators 835.00 25 Jun 30 Jun 30 790.00 5050 Oil & Gas Expense recieved bill from oil and gas co 2101 Accounts Payable recieved bill from oil and gas co 25 790.00 Welcome Chart of Accounts Transactions General Journal Worksheet Incc H.. A B D E F G 1 2 A Byte of Accounting, Inc. General Journal Note: You can only enter data into the yellow filled cells. 3 Transaction Date Name Account Description Debit Credit 790.00 25 25 Jun 30 Jun 30 5050 Oil & Gas Expense recieved bill from oil and gas co 2101 Accounts Payable recieved bill from oil and gas co 790.00 26 26 Jun 30 Jun 30 3300 Dividends 1110 Cash paid cash dividend of $0.15 per SH 1,067.10 paid cash dividend of $0.15 per share 1,067.10 1,650.00 27 27 Jun 30 Jun 30 5010 Rent Expense 1140 Prepaid Rent one month rent expense one month rent expense 1,650.00 316.00 28 28 Jun 30 Jun 30 5080 Supplies Expense 1150 Office Supplies supplies expense supplies expense 316.00 4 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 482.63 29 29 Jun 30 Jun 30 5090 Interest Expense 2103 Interest Payable interest payment interest payment 482.63 322.92 30 301 Jun 30 Jun 30 5100 Insurance Expense charged prepaid insurance 1130 Prepaid Insurance charged prepaid insurance 322.92 31 31 Jun 30 Jun 30 5,250.00 1120 Accounts Receivable recorded unbilled revenue 4100 Computer & Consulti recorded unbilled revenue 5,250.00 32 32 32 Jun 30 Jun 30 Jun 30 Jun 30 5110 Depreciation Expense 1412 Accum. Depr.-Buildin Need a Description 1312 Accum. Depr.-Comp. Need a Description 1212 Accum. Depr.-Office Need a Description 32 33 Welcome Chart of Accounts Transactions General Journal Worksheet Inc 1 2. A Byte of Accounting, Inc. General Journal 3 Note: You can only enter data into the yellow filled cells. Credit Transaction Date Name Account Description Debit 33 34 35 36 4 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 37 38 39 Welcome Chart of Accounts Transactions General Journal Worksheet in ... Byte of Accounting, Inc. 1 2 3 Transaction 01. 4 5 Description of transaction June 1: Byte of Accounting, Inc. issued 2,680 shares of its common stock to Jeremy after $31,360 in cash and computer equipment with a fair market value of $43,680 were received. June 1: Byte of Accounting, Inc. issued 2,634 shares of its common stock after acquiring from Courtney $57,400 in cash, computer equipment with a fair market value of $15,120 and office equipment with a fair value of $1,232. 02. 6 7 03. June 1: Byte of Accounting, Inc. acquired $50.400 in cash from Michael Coton and issued 1,800 shares of its common stock. 00 0 04. June 2: down payment of S34.000 in cash was made on additional computer equipment that was purchased for $170,000. A five-year note was executed by Byte for the balance. 10 11 05. June 4: Additional office equipment costing S300 was purchased on credit from Discount Computer Corporation 12 13 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. 14 15 07. June 10: Byte paid $26,000 on the balance it owed on the June 2 purchase of computer equipment 16 17 08. June 14: A one-year insurance policy covering its computer equipment was purchased by Byte for $4,968 in cash. The effective date of the policy was June 16. 18 19 20 21 09. June 16: Computer consultation revenue of S7,750 was received. 10. June 16: Byte purchased a building and the land it is on for $143,000, to house its repair facilities and to store computer equipment. The lot on which the building is located is valued at $23,000. The balance of the cost is to be allocated to the building. Byte made a cash down payment of $14,300 and executed a mortgage for the balance. The mortgage is payable in eight equal annual installments beginning July 1. June 17: Cash of 56,600 was paid for rent for June July and August. Put the total amount into the Prepaid Rent account. 22 23 11. 12. June 17: Received a bill of $475 from the local newspaper for advertising. 24 25 26 27 28 29 30 31 13. June 21: Billed various miscellaneous local customers 54.800 for consulting services 14. June 21: A fax machine for the office was purchased for $775 cash. Welcome Chart of Accounts Transactions General Journal Workshe H.. A B 25 12. June 17: Received a bill of $475 from the local newspaper for advertising. 26 27 28 29 13. June 21: Billed various miscellaneous local customers $4.800 for consulting services 30 14. June 21: A fax machine for the office was purchased for $775 cash. 31 15. June 21: Accounts payable in the amount of $240 were paid. 32 33 34 35 16. June 22: Paid the advertising bill that was received on June 17. 17. June 22: Received a bill for $1,165 from Computer Parts and Repair Co. for repairs to the computer equipment. 18. 36 37 38 39 40 41 June 22: Paid salaries of S835 to equipment operators for the week ending June 18. 19. June 23: Cash in the amount of $3,845 was received on billings. 20. June 23: Purchased office supplies for $530 on credit. Record the purchase as an increase to the assets. 42 43 44 21. |June 28: Billed $5,280 to miscellaneous customers for services performed to June 25. 22 45 46 47 48 |June 29: Cash in the amount of $5,001 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 5835 to equipment operators for the week ending June 25. 49 50 51 52 53 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 $0.15 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.] 54 55 56 57 Adjusting Entries - Round to two decimal places. The rent payment made on June 17 was for June July and August. Expense the amount associated with one month's rent. 27. 58 59 28. A physical inventory showed that only $214.00 worth of office supplies remained on hand as of June 30. 60 61 29. The annual interest rate on the mortgage payable was 9.00 percent. Interest expense for one-half month should be computed because the building and land were purchased and Welcome Chart of Accounts Transactions General Journal Worksh A B 65 31. A review of Byte's job worksheets show that there are unbilled revenues in the amount of $5,250 for the period of June 28-30. 32. . 66 67 68 69 70 71 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 $500. The office equipment has a scrap value of $300. The computer equipment has no scrap value. Calculate the depreciation for one month. 72 73 33. A review of the payroll records show that unpaid salaries in the amount of $501 are owed by Byte for three days, June 28 - 30. 74 75 34. 76 77 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 [IMPORTANT NOTE: The original note on the computer equipment purchased on June 2 was $136,000. On June 10, eight days later, $26,000 was repaid. Interest expense must calculated on the $136,000 for eight days. In addition, interest expense on the $110,000 balance of the loan (5136,000 less $26,000 = $110.000) must be calculated for the 20 days remaining in the month of June.] 78 79 80 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. 81 82 83 84 85 86 87 88 89 90 91 37. Close the expense accounts. 38. Close the income summary account. 39. Close the dividends account. 92 93 94 95 96 97 98 Welcome Chart of Accounts Transactions General Journal Worksh B D E 1 A Byte of Accounting, Inc. Income Statement For Month Ending June 30, 2021 N 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 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 Income Tax Expense (Rond to two decinal places) Net Income After Tax Welcome Chart of Accounts Transactions General Jour 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 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 Welcome Chart of Accounts Transactions General Journal H.. A B E F G 1 2 3 D A Byte of Accounting, Inc. Balance Sheet As of June 30, 2021 Assets 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 Current Assets Cash Accounts Receivable Prepaid Insurance Prepaid Rent Office Supplies Total 20 21 Long-Term Assets Office Equip Accum. Depr.-Office Equip. Computer Equip. Accum. Depr.-Computer Equip. Building Cost Accum. Depr.- Building Land Total Total Assets 23 24 Liabilities Current Liabilities Accounts Payable Advanced Payment Interest Payable Salaries Payable Income Taxes Payable Total 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 Long-Term Liabilities Mortgage Payable Notes Payable Total Total Liabilities Stockholder's Equity Capital Stock Retained Earnings Total Total Liabilities and Stockholder's Equity I 56 Welcome Chart of Accounts Transactions General Jou H