i need the income statement, changes in retained earnings, and balance sheet completed using the following information and I also posted pictures of the questions on the sheets that i need completed them selves and the answer locations are blank and yellow.

what information is needed ?

the information that is missing is what i need i gave everything that was given to me and i andwered some my self

10. June 16: Byte purchased a building and the land it is on for $107,000, to house its repair facilities and to store computer equipment. The lot on which the building is located is valued at $17,000. The balance of the cost is to be allocated to the building. Byte made a cash down payment of $10,700 and executed a mortgage for the balance. The mortgage is payable in eight equal annual installments beginning July 1. 11. June 17: Cash of $10,000 was paid for rent for June, July, August and September. Put the total amount into the Prepaid Rent account. 12. June 17: Received a bill of $450 from the local newspaper for advertising 13. June 21: Billed various miscellaneous local customers $4,900 for consulting services performed. 14. June 21: A fax machine for the office was purchased for $825 cash. 1 15. June 21: Accounts payable in the amount of $320 were paid. 3 4 16. June 22. Paid the advertising bill that was received on June 17. 15 17. June 22: Received a bill for $1.115 from Computer Parts and Repair Co. for repairs to the computer equipment 18 36 37 38 39 40 41 June 22: Paid salaries of $835 to equipment operators for the week ending June 18. 19. June 23: Cash in the amount of $3,925 was received on billings. June 23: Purchased office supplies for $505 on credit. Record the purchase as an increase to the 20. assets. 42 21. June 28: Billed $6,120 to miscellaneous customers for services performed to June 25. 44 45 46 22. June 29: Cash in the amount of $5,799 was received for billings. 47 48 49 23. June 29: Paid the bill received on June 22, from Computer Parts and Repairs Co. 24. June 29: Paid salaries of $835 to equipment operators for the week ending June 25. 50 51 52 53 25. June 30: Received a bill for the amount of $915 from O&G Oil and Gas Co. 26 June 30: Paid a cash dividend of $0.23 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 Adjusting Entries - Round to two decimal places. 56 57 27 The rent payment made on June 17 was for June July August and September. Expense the amount associated with one month's rent 58 59 28 A physical inventory showed that only $202.00 worth of office supplies remained on hand as of June 30. 60 51 29. 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. 62 63 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 54 65 55 31. A review of Byte's job worksheets show that there are unbilled revenues in the amount of $8,750 for the period of June 28-30. 32 56 57 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 $7,500. The office equipment has a scrap value of $400. 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 on a 360 day year. [IMPORTANT NOTE: The original note on the computer equipment purchased on June 2 was $144,000. On June 10, eight days later, $27,500 was repaid. Interest expense must be calculated on the $144,000 for eight days. In addition, interest expense on the $116,500 balance of the loan ($144,000 less $27,500 = $116,500) must be calculated for the 20 days remaining in the month of June 1 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.1 81 82 IMPORTANT NOTE: The original note on the computer equipment purchased on June 2 was $144,000. On June 10, eight days later, $27,500 was repaid. Interest expense must be calculated on the $144,000 for eight days. In addition, interest expense on the $116,500 balance of the loan ($144,000 less $27,500 = $116,500) 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.) 81 82 83 Closing Entries 84 85 86 36. Close the revenue accounts. 87 37. Close the expense accounts. 38. Close the income summary account. 39. 88 B9 90 91 92 93 94 95 96 Close the dividends account 97 98 G B D E A Byte of Accounting, Inc. General Journal Note: You can only enter data into the yellow fed colle Transaction Date Account De bit Credit Name Description 616161 Jun 011 Jun 01 Jun 01 1110 Cash 1311 Computer Equip 3100 Capital Stock issue of common stock issue of common stock issue of common stock 23,310.00 32,760.00 56,070.00 02 02 02 02 Jun 01 Jun 01 Jun 01 Jun 01 1110 Cash 1311 Computer Equip 121) Office Equip 3100 Capital Stock issue of common stock issue of common stook issue of common stook issue of common stock 45,150.00 12,600.00 609.00 58 359.00 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 71400,00 Jun 01 Jun 01 1110 Cash 3100 Capital Stock issue of common stook issue of common stock 71400.00 180,000.00 04 04 04 Jun 02 Jun 02 Jun 02 1311 Computer Equip 1110 Cash 2202 Notes Payable purchase of computer equipment purchase of computer equipment purchase of computer equipment 36,000.00 144,000.00 400.00 05 05 Jun 04 Jun 04 1211 Office Equip 2101 Accounts Payable purchase of office equipment purchase of office equipment 400.00 27 28 29 30 80.00 1818 Jun 08 Jun 08 2101 Accounts Payable 1211 Office Equip return office equipment return office equipment 80.00 35 36 27 500.00 07 07 Jun 10 Jun 10 2202 Notes Payable 1110 Cash payment of computer equipment payment of computer equipment 27.500.00 39 40 08 08 Jun 14 Jun 14 1130 Prepaid Insurance 1110 Cash 6 144.00 computer insurance computer insurance 6.144.00 09 09 Jun 16 Jun 16 6,500.00 1110 Cash computer consukanoy revenue 4100 Computer & Consultin computer consultanoy revenue 6.500.00 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 10 10 10 10 Jun 16 Jun 16 Jun 16 Jun 16 17.000.00 107.000.000 1510 Land 1411 Building Cost 1110 Cash 2201 Mortgage Payable purchase of land and building purchase of land and building purchase of land and building purchase of land and building 10.700.00 113,300.00 11 11 Jun 17 Jun 17 1140 Prepaid Rent 1110 Cash 10.000.000 payment of rent payment of rent 10.000.00 57 58 59 60 61 82 63 450.00 12 12 Jun 17 Jun 17 5030 Advertising Expense advertising expense 2101 Accounts Payable advertising expense 450.00 w 55 4,900.00 13 73 Jun 21 Jun 21 1120 Accounts Receivable consulting revenue 4100 Computer & Consultin consulting revenue 4.900.000 66 67 88 69 70 71 72 73 74 825.00 74 14 Jun 21 Jun 21 1211 Office Equip 1110 Cash purchase of lax machine purchase of fax machine 825.00 75 Transad Date Account Name Debit Description Credit 15 15 Jun 21 Jun 21 2101 Accounts Payable 1110 Cash 320.00 payment of accounts payable payment of accounts payable 320.00 450.00 16 16 Jun 221 Jun 22 2101 Accounts Payable 1110 Cash payment of advertising expense payment of advertising expense 450.00 1.115.00 17 17 Jun 22 Jun 22 5040 Repairs & Maint. Expe computer repairing fee 2101 Accounts Payable computer repairing fee 1.115.00 835.00 18 18 Jun 22 Jun 22 5020 Salary Expense 1110 Cash salary payment salary payment 835.00 3,925.00 19 19 Jun 23 Jun 23 1110 Cash receive payment 1120 Accounts Receivable receive payment 3,925.00 3 3 0 1 2 33 34 35 96 97 98 99 100 101 102 103 104 105 106 107 308 109 505.00 20 20 Jun 23 Jun 23 1150 Office Supplies 2101 Accounts Payable purchase of office supplies purchase of office supplies 505.00 6.120.00 21 21 Jun 28 Jun 28 1120 Accounts Receivable record of tevenue 4100 Computer & Consultin record of revenue 6,120.00 G H 1 D E A Byte of Accounting, Inc. General Journal Note: You can only enter data into the yellow filled colle 2 3 Transadion Account 4 Date Name Description Debit Credit 109 110 111 22 22 112 Jun 29 Jun 29 1110 Cash receive payment 1120 Accounts Receivable tecelve payment 5.799.00 5,799.00 23 23 Jun 291 Jun 29 2101 Accounts Payable 1110 Cash 1.115.00 payment of computer repair payment of computer repair 1.115.00 24 24 Jun 291 Jun 29 5020 Salary Expense 1110 Cash salary payment salary payment 835.00 835.00 25 25 Jun 30 Jun 30 5050 01& Gas Expense 2101 Accounts Payable ol and gas expense oil and gas empente 915.001 113 114 115 116 117 118 119 120 121 122 123 124 125 128 127 128 129 130 191 132 133 134 135 136 137 138 199 140 741 1142 143 915.00 Jun 30 dun 30 3300 Dividends 1110 Cash 2.035,27 dividends paid dividends paid 2.035.271 5.000.000 27 27 Jun 30 Jun 30 5010 Rent Expense 1140 Prepaid Rent tent expense recognized renterperse tecognized 5000.00 303.001 28 28 Jun 30 Jun 30 45080 Supplies Expense 1150 Ofice Supplies supplies expense supplies expense 303.00 145 2 General Journal 3 Note: You can only enter data into the yellow med alle Transaction Date Account Name Description Dobit Credit 29 29 Jun 30 Jun 30 5090 Interest Expense 2103 Interest Payable interest adjustment interest adjustment 330 46 330.46 30 30 Jun 30 Jun 30 5100 Insurance Expense 1130 Prepaid Insurance insurance adjustment insurance adjustment 256.00 256.00 31 31 Jun 30 Jun 30 1120 Accounts Receivable unbilled revenue 4100 Computer & Consultin unbilled revenue 8.750.00 8.750 00 4 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 180 161 162 163 164 165 166 167 158 169 1770 171 172 173 774 175 175 177 178 3.990,37 32 32 32 321 Jun 30 Jun 30 Jun 30 Jun 30 5110 Depreciation Expense depreciation expense 1312 Aocum. Dep-Compu depreciation expense 1212 Aocum. Dept.-Office depreciation expense 1412 Accum. Depr.-Buildin depreciation expense 218.25 3.756.00 16.12 33 33 501.00 Jun 30 Jun 30 5020 Salary Expense 2105 Salaries Payable salary expense salary expense 50100 1160.67 34 34 Jun 30 Jun 30 5090 Interest Expense 2103 Interest Payable interest adjustment interest adjustment 1160.67 3,182 411 351 35 Jun 30 Jun 30 5120 Income Tax Expense income tax expense 2106 Income Taxes Payable income tax expense 3.182.41 179 1 A Byte of Accounting, Inc. 2 General Journal 3 Note: You can only enter data into the yellow filled colle Transadion Date Account Debit Credit 4 176 Name Description 5120 Income Tax Expense income tax expense 2106 Income Taxes Payabl. income tax expense 35 35 3,182 41 177 Jun 30 3,182.41 24.430.00 36 36 Jun 30 Jun 30 4900 Computer & Consultin closing revenge 3400 Income Summary olosing revenue 24,430.00 14 882.78 178 179 180 181 182 183 180 185 186 187 188 189 190 191 192 193 194 195 196 197 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 5010 Rent Expense closing expense 5020 Salary Expense closing expense 5030 Advertising Expense closing expense 5040 Repairs & Maint. Expe closing expense 505001& Gas Expense closing expense 5080 Supplies Expense closing expense 5030 Interest Expense oloring expense 5100 Insurance Expense Tolosing experte 5110 Depreciation Empentolosing expense 5120 Income Tant Expense closing expense 2,500,00 2.171.00 450.00 915.00 303.00 256.00 859.00 256.00 3.980.37 3,18241 198 9.54722 38 Jun 30 Jun 30 3400 Income Summary 3200 Retained Earnings closing income summary Colosing Income summary 9.547 22 2,035 27 199 200 201 202 203 204 205 206 207 200 39 39 Jun 30 Jun 30 3200 Retained Earnings 3300 Dividends closing dividends closing dividends 2035 27 225,360.00 225,360.00 218.25 218 25 107,000.00 107 000.00 16 12 16.12 17,000.00 17,000,00 5 1.420.00 1.420.00 1311 Computer Equip 1312 Accum. Depr.-Computer Equip 1411 Building Cost 1412 Accum Dopr-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 3200 Retained Earnings 3300 Dividends 1491.13 501.00 3.18241 3 4 5 26 27 113,300.00 116.500.00 185.829.00 1.49113 501.00 3,18241 113,300.00 116,500.00 18582900 2035 27 2,035 27 29 30 31 17520.00 8.750.00 26,270.00 5,000.00 501.00 33 34 4100 Computer & Consulting Revenue 50:10 Rent Expense 5020 Salary Expense 5030 Advertising Expense 5040 Repairs & Expense 5050 Oil & Gas Expense 5080 Supplies Expense 5090 interest Expense 5100 Insurance Expense 5510 Depreciation Expense 5120 income Tax Expense 1,670.00 450.00 1.115.00 915.00 36 37 38 39 40 41 42 3 44 45 45 ET 5,000.00 2171.00 450.00 1.115.00 915.00 303.00 1491.13 256.00 3.990.37 318241 303.00 1491.13 256.00 3,990.37 3.18241 TOTAL 434 569.00 2434,569 00 23.473.91 23.473 91 452 48391 452 48191 50 52 53 Transactions General Journal Worksheet Income Statement B E F G D A Byte of Accounting, Inc. Income Statement For Month Ending June 30, 2021 Revenues Computer & Consulting Revenue $ 24,430,00 Expenses Rent Expense Salary Expense Advertising Expense Repairs & Maint. Expense Oil & Gas Expense Supplies Expense Interest Expense Insurance Expense Depreciation Expense Total Expenses $ 2,500.00 $ 2.171.00 $ 450.00 $ 1,115.00 $ 915.00 $ 303.00 $ 859.00 $ 256.00 $ 3,990.37 12,559.37 Net Income Before Tax $ 11,870.63 Income Tax Expense (Round to two decimal places) Net Income After Tax Transactions General Journal Worksheet Income Statement C A B D 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 1 X fi B F G H D E 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 1 0 1 2 3 14 15 16 17 18 0 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 26 27 28 29 30 31 32 33 34 35 36 37 38 Current Liabilities Accounts Payable Advanced Payment Interest Payable Salaries Payable Income Taxes Payable B D E F G H Land Total 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 3 4 5 6 17 18 49 30 51 52 53 Stockholder's Equity Capital Stock Retained Eamings Total Total Liabilities and Stockholder's Equity 54 55 56 10. June 16: Byte purchased a building and the land it is on for $107,000, to house its repair facilities and to store computer equipment. The lot on which the building is located is valued at $17,000. The balance of the cost is to be allocated to the building. Byte made a cash down payment of $10,700 and executed a mortgage for the balance. The mortgage is payable in eight equal annual installments beginning July 1. 11. June 17: Cash of $10,000 was paid for rent for June, July, August and September. Put the total amount into the Prepaid Rent account. 12. June 17: Received a bill of $450 from the local newspaper for advertising 13. June 21: Billed various miscellaneous local customers $4,900 for consulting services performed. 14. June 21: A fax machine for the office was purchased for $825 cash. 1 15. June 21: Accounts payable in the amount of $320 were paid. 3 4 16. June 22. Paid the advertising bill that was received on June 17. 15 17. June 22: Received a bill for $1.115 from Computer Parts and Repair Co. for repairs to the computer equipment 18 36 37 38 39 40 41 June 22: Paid salaries of $835 to equipment operators for the week ending June 18. 19. June 23: Cash in the amount of $3,925 was received on billings. June 23: Purchased office supplies for $505 on credit. Record the purchase as an increase to the 20. assets. 42 21. June 28: Billed $6,120 to miscellaneous customers for services performed to June 25. 44 45 46 22. June 29: Cash in the amount of $5,799 was received for billings. 47 48 49 23. June 29: Paid the bill received on June 22, from Computer Parts and Repairs Co. 24. June 29: Paid salaries of $835 to equipment operators for the week ending June 25. 50 51 52 53 25. June 30: Received a bill for the amount of $915 from O&G Oil and Gas Co. 26 June 30: Paid a cash dividend of $0.23 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 Adjusting Entries - Round to two decimal places. 56 57 27 The rent payment made on June 17 was for June July August and September. Expense the amount associated with one month's rent 58 59 28 A physical inventory showed that only $202.00 worth of office supplies remained on hand as of June 30. 60 51 29. 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. 62 63 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 54 65 55 31. A review of Byte's job worksheets show that there are unbilled revenues in the amount of $8,750 for the period of June 28-30. 32 56 57 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 $7,500. The office equipment has a scrap value of $400. 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 on a 360 day year. [IMPORTANT NOTE: The original note on the computer equipment purchased on June 2 was $144,000. On June 10, eight days later, $27,500 was repaid. Interest expense must be calculated on the $144,000 for eight days. In addition, interest expense on the $116,500 balance of the loan ($144,000 less $27,500 = $116,500) must be calculated for the 20 days remaining in the month of June 1 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.1 81 82 IMPORTANT NOTE: The original note on the computer equipment purchased on June 2 was $144,000. On June 10, eight days later, $27,500 was repaid. Interest expense must be calculated on the $144,000 for eight days. In addition, interest expense on the $116,500 balance of the loan ($144,000 less $27,500 = $116,500) 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.) 81 82 83 Closing Entries 84 85 86 36. Close the revenue accounts. 87 37. Close the expense accounts. 38. Close the income summary account. 39. 88 B9 90 91 92 93 94 95 96 Close the dividends account 97 98 G B D E A Byte of Accounting, Inc. General Journal Note: You can only enter data into the yellow fed colle Transaction Date Account De bit Credit Name Description 616161 Jun 011 Jun 01 Jun 01 1110 Cash 1311 Computer Equip 3100 Capital Stock issue of common stock issue of common stock issue of common stock 23,310.00 32,760.00 56,070.00 02 02 02 02 Jun 01 Jun 01 Jun 01 Jun 01 1110 Cash 1311 Computer Equip 121) Office Equip 3100 Capital Stock issue of common stock issue of common stook issue of common stook issue of common stock 45,150.00 12,600.00 609.00 58 359.00 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 71400,00 Jun 01 Jun 01 1110 Cash 3100 Capital Stock issue of common stook issue of common stock 71400.00 180,000.00 04 04 04 Jun 02 Jun 02 Jun 02 1311 Computer Equip 1110 Cash 2202 Notes Payable purchase of computer equipment purchase of computer equipment purchase of computer equipment 36,000.00 144,000.00 400.00 05 05 Jun 04 Jun 04 1211 Office Equip 2101 Accounts Payable purchase of office equipment purchase of office equipment 400.00 27 28 29 30 80.00 1818 Jun 08 Jun 08 2101 Accounts Payable 1211 Office Equip return office equipment return office equipment 80.00 35 36 27 500.00 07 07 Jun 10 Jun 10 2202 Notes Payable 1110 Cash payment of computer equipment payment of computer equipment 27.500.00 39 40 08 08 Jun 14 Jun 14 1130 Prepaid Insurance 1110 Cash 6 144.00 computer insurance computer insurance 6.144.00 09 09 Jun 16 Jun 16 6,500.00 1110 Cash computer consukanoy revenue 4100 Computer & Consultin computer consultanoy revenue 6.500.00 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 10 10 10 10 Jun 16 Jun 16 Jun 16 Jun 16 17.000.00 107.000.000 1510 Land 1411 Building Cost 1110 Cash 2201 Mortgage Payable purchase of land and building purchase of land and building purchase of land and building purchase of land and building 10.700.00 113,300.00 11 11 Jun 17 Jun 17 1140 Prepaid Rent 1110 Cash 10.000.000 payment of rent payment of rent 10.000.00 57 58 59 60 61 82 63 450.00 12 12 Jun 17 Jun 17 5030 Advertising Expense advertising expense 2101 Accounts Payable advertising expense 450.00 w 55 4,900.00 13 73 Jun 21 Jun 21 1120 Accounts Receivable consulting revenue 4100 Computer & Consultin consulting revenue 4.900.000 66 67 88 69 70 71 72 73 74 825.00 74 14 Jun 21 Jun 21 1211 Office Equip 1110 Cash purchase of lax machine purchase of fax machine 825.00 75 Transad Date Account Name Debit Description Credit 15 15 Jun 21 Jun 21 2101 Accounts Payable 1110 Cash 320.00 payment of accounts payable payment of accounts payable 320.00 450.00 16 16 Jun 221 Jun 22 2101 Accounts Payable 1110 Cash payment of advertising expense payment of advertising expense 450.00 1.115.00 17 17 Jun 22 Jun 22 5040 Repairs & Maint. Expe computer repairing fee 2101 Accounts Payable computer repairing fee 1.115.00 835.00 18 18 Jun 22 Jun 22 5020 Salary Expense 1110 Cash salary payment salary payment 835.00 3,925.00 19 19 Jun 23 Jun 23 1110 Cash receive payment 1120 Accounts Receivable receive payment 3,925.00 3 3 0 1 2 33 34 35 96 97 98 99 100 101 102 103 104 105 106 107 308 109 505.00 20 20 Jun 23 Jun 23 1150 Office Supplies 2101 Accounts Payable purchase of office supplies purchase of office supplies 505.00 6.120.00 21 21 Jun 28 Jun 28 1120 Accounts Receivable record of tevenue 4100 Computer & Consultin record of revenue 6,120.00 G H 1 D E A Byte of Accounting, Inc. General Journal Note: You can only enter data into the yellow filled colle 2 3 Transadion Account 4 Date Name Description Debit Credit 109 110 111 22 22 112 Jun 29 Jun 29 1110 Cash receive payment 1120 Accounts Receivable tecelve payment 5.799.00 5,799.00 23 23 Jun 291 Jun 29 2101 Accounts Payable 1110 Cash 1.115.00 payment of computer repair payment of computer repair 1.115.00 24 24 Jun 291 Jun 29 5020 Salary Expense 1110 Cash salary payment salary payment 835.00 835.00 25 25 Jun 30 Jun 30 5050 01& Gas Expense 2101 Accounts Payable ol and gas expense oil and gas empente 915.001 113 114 115 116 117 118 119 120 121 122 123 124 125 128 127 128 129 130 191 132 133 134 135 136 137 138 199 140 741 1142 143 915.00 Jun 30 dun 30 3300 Dividends 1110 Cash 2.035,27 dividends paid dividends paid 2.035.271 5.000.000 27 27 Jun 30 Jun 30 5010 Rent Expense 1140 Prepaid Rent tent expense recognized renterperse tecognized 5000.00 303.001 28 28 Jun 30 Jun 30 45080 Supplies Expense 1150 Ofice Supplies supplies expense supplies expense 303.00 145 2 General Journal 3 Note: You can only enter data into the yellow med alle Transaction Date Account Name Description Dobit Credit 29 29 Jun 30 Jun 30 5090 Interest Expense 2103 Interest Payable interest adjustment interest adjustment 330 46 330.46 30 30 Jun 30 Jun 30 5100 Insurance Expense 1130 Prepaid Insurance insurance adjustment insurance adjustment 256.00 256.00 31 31 Jun 30 Jun 30 1120 Accounts Receivable unbilled revenue 4100 Computer & Consultin unbilled revenue 8.750.00 8.750 00 4 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 180 161 162 163 164 165 166 167 158 169 1770 171 172 173 774 175 175 177 178 3.990,37 32 32 32 321 Jun 30 Jun 30 Jun 30 Jun 30 5110 Depreciation Expense depreciation expense 1312 Aocum. Dep-Compu depreciation expense 1212 Aocum. Dept.-Office depreciation expense 1412 Accum. Depr.-Buildin depreciation expense 218.25 3.756.00 16.12 33 33 501.00 Jun 30 Jun 30 5020 Salary Expense 2105 Salaries Payable salary expense salary expense 50100 1160.67 34 34 Jun 30 Jun 30 5090 Interest Expense 2103 Interest Payable interest adjustment interest adjustment 1160.67 3,182 411 351 35 Jun 30 Jun 30 5120 Income Tax Expense income tax expense 2106 Income Taxes Payable income tax expense 3.182.41 179 1 A Byte of Accounting, Inc. 2 General Journal 3 Note: You can only enter data into the yellow filled colle Transadion Date Account Debit Credit 4 176 Name Description 5120 Income Tax Expense income tax expense 2106 Income Taxes Payabl. income tax expense 35 35 3,182 41 177 Jun 30 3,182.41 24.430.00 36 36 Jun 30 Jun 30 4900 Computer & Consultin closing revenge 3400 Income Summary olosing revenue 24,430.00 14 882.78 178 179 180 181 182 183 180 185 186 187 188 189 190 191 192 193 194 195 196 197 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 5010 Rent Expense closing expense 5020 Salary Expense closing expense 5030 Advertising Expense closing expense 5040 Repairs & Maint. Expe closing expense 505001& Gas Expense closing expense 5080 Supplies Expense closing expense 5030 Interest Expense oloring expense 5100 Insurance Expense Tolosing experte 5110 Depreciation Empentolosing expense 5120 Income Tant Expense closing expense 2,500,00 2.171.00 450.00 915.00 303.00 256.00 859.00 256.00 3.980.37 3,18241 198 9.54722 38 Jun 30 Jun 30 3400 Income Summary 3200 Retained Earnings closing income summary Colosing Income summary 9.547 22 2,035 27 199 200 201 202 203 204 205 206 207 200 39 39 Jun 30 Jun 30 3200 Retained Earnings 3300 Dividends closing dividends closing dividends 2035 27 225,360.00 225,360.00 218.25 218 25 107,000.00 107 000.00 16 12 16.12 17,000.00 17,000,00 5 1.420.00 1.420.00 1311 Computer Equip 1312 Accum. Depr.-Computer Equip 1411 Building Cost 1412 Accum Dopr-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 3200 Retained Earnings 3300 Dividends 1491.13 501.00 3.18241 3 4 5 26 27 113,300.00 116.500.00 185.829.00 1.49113 501.00 3,18241 113,300.00 116,500.00 18582900 2035 27 2,035 27 29 30 31 17520.00 8.750.00 26,270.00 5,000.00 501.00 33 34 4100 Computer & Consulting Revenue 50:10 Rent Expense 5020 Salary Expense 5030 Advertising Expense 5040 Repairs & Expense 5050 Oil & Gas Expense 5080 Supplies Expense 5090 interest Expense 5100 Insurance Expense 5510 Depreciation Expense 5120 income Tax Expense 1,670.00 450.00 1.115.00 915.00 36 37 38 39 40 41 42 3 44 45 45 ET 5,000.00 2171.00 450.00 1.115.00 915.00 303.00 1491.13 256.00 3.990.37 318241 303.00 1491.13 256.00 3,990.37 3.18241 TOTAL 434 569.00 2434,569 00 23.473.91 23.473 91 452 48391 452 48191 50 52 53 Transactions General Journal Worksheet Income Statement B E F G D A Byte of Accounting, Inc. Income Statement For Month Ending June 30, 2021 Revenues Computer & Consulting Revenue $ 24,430,00 Expenses Rent Expense Salary Expense Advertising Expense Repairs & Maint. Expense Oil & Gas Expense Supplies Expense Interest Expense Insurance Expense Depreciation Expense Total Expenses $ 2,500.00 $ 2.171.00 $ 450.00 $ 1,115.00 $ 915.00 $ 303.00 $ 859.00 $ 256.00 $ 3,990.37 12,559.37 Net Income Before Tax $ 11,870.63 Income Tax Expense (Round to two decimal places) Net Income After Tax Transactions General Journal Worksheet Income Statement C A B D 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 1 X fi B F G H D E 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 1 0 1 2 3 14 15 16 17 18 0 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 26 27 28 29 30 31 32 33 34 35 36 37 38 Current Liabilities Accounts Payable Advanced Payment Interest Payable Salaries Payable Income Taxes Payable B D E F G H Land Total 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 3 4 5 6 17 18 49 30 51 52 53 Stockholder's Equity Capital Stock Retained Eamings Total Total Liabilities and Stockholder's Equity 54 55 56