i would like 35-39 answered im stuck on those

01. June : Byte of Accounting, Ine equired $86,400 in cash from Lauryn and issued 3,200 shares of its common stock 02 June 1: Byte of Accounting, Inc. issued 2,570 shares of its common stock to Portia Machingura after $28,620 in cash and computer equipment with a fair market value of $40,770 were received. 03. June 1: Byte of Accounting, Inc. issued 2,205 shares of its common stock after acquiring from Courtney 544,SSO in cash, computer equipment with a fair market value of $14,040 and office equipment with a fair value of $945 10 04. June 2: A down payment of $27,000 in cash was made on additional computer equipment that was purchased for $135,000. A five-year note was executed by Byte for the balance 11 12 os June 4: Additional office equipment costing S400 was purchased on credit from Discount Computer Corporation 13 14 06. June 8: Unsatisfactory office equipment costing S80 was returned to Discount Computer for credit to be applied against the outstanding balance owed by Byte 15 16 07. June 10: Byte paid $20,750 on the balance it owed on the June 2 purchase of computer equipment 17 15 08 June 14: A one-year insurance policy covering is computer equipment was purchased by Byte for 55.976 in cash. The effective date of the policy was June 16 20 21 09. June 16: A check in the amount of 58.250 was received for consulting revenue 10. June 16: Byte purchased a building and the land it is on for 5113,000, 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. 23 Chart of Accounts Transactions General Journal Worksheet Income Stan Ma esc NO B 24 11. June 17: Cash of $6,400 was paid for rent for June July August and September. Put the total amount into the Prepaid Rent account 25 25 27 25 12 June 17: Received a bill of $450 from the local newspaper for advertising. 13. June 21: Accounts payable in the mount of $320 were paid. 29 30 14. June 21: A fax machine for the office was purchased for $875 cash. 32 15. June 21: Billed various miscellaneous local customers 54,900 for consulting services performed. 34 35 36 16. June 22: Paid salaries of $835 to equipment operators for the week ending June 18. 17. June 22: Received a bill for $1.090 from Computer Parts and Repair Co. for repairs to the computer equipment 37 38 39 18 June 22: Paid the advertising bill that was received on June 17. 40 41 19. June 23: Purchased office supplies for 5605 on credit. Record the purchase as an increase to the assets 42 43 20 June 23: Cash in the amount of $3.925 was received on billings. 21 . June 28: Billed $5.490 to miscellaneous customers for services performed to June 25 46 47 22 June 29: Paid the bill received on June 22. from Computer Parts and Repairs Co. 4 23 June 29: Cash in the amount of $5,201 was received for billings. 50 24 June 29: Paid salaries of $835 to equipment operators for the week ending June 25 51 52 53 25 June 30: Received a bill for the amount of 5990 from O&G Oil and Gas Co. 26 June 30: Paid a cash dividend of $0.17 per share to the three shareholders of Byle (IMPORTANT NOTE: The number of shares of capital stock outstanding can be determined from the first three transactions 1 55 Chart of Accounts Transactions General Journal Worksheet Incon Adjusting Entries - Round to two dedmal places 57 53 27 The rent payment made on June 17 was for June July August and September. Expense the amount associated with one month's rest 53 63 28. A physical inventory showed that only $247.00 worth of office supplies remained on hand as of June 30. 01 52 29. The annual interest rate on the mortgage payable was 825 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 54 30. Information relating to the prepaid insurance may be obtained from the transaction recorded on June 14. Expose the amount associated with one half month's insurance. 65 56 31 A review of Byte's job worksheets show that there are unbilled revenues in the amount of $5,625 for the period of June 28-30 67 58 69 70 32 72 The faxed 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 58,000. The office equipment has a scrap value of $350. 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 SS01.00 are owed by Byte for three days, June 28 - 30. 75 76 34 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 $100,000 On June 10, eight days later, 520,750 was repaid, Interest expense must be calculated on the S108,000 for eight days. In addition, interest expense on the $87,250 balance of the loan (5108,000 less 520,750 - 587.250) must be calculated for the 20 days remaining in the month of June. 78 79 30 Chart of Accounts Transactions General Journal Worksheet Incomes M Puso 35. Income taxes are to be computed at the rate of 25 percent of net income before taxes [IMPORTANT NOTE: Since the income taxes we aperont of the set income you will want to prepare the Income Statements through the Net Income Before Tex line. The worksheet contains all of the accounts and their balacoes which you can then transfer to the appropriate financial statement) Closing Entries 36. Close the revenue accounts 37. Close the expense accounts 38 Close the income summary account. 39. Close the dividends account Chart of Accounts Transactions General Journal Workshoot Income Statem Mac! B 2 3 4 5 5 7 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 Number Name 1110 Cash 1120 Accounts Receivable 1130 Prepaid Insurance 1140 Prepaid Rent 1150 Office Supplies 1211 Office Equip 1212 Accum. Depr.- Office Equip 1311 Computer Equip 1312 Accum. Depr.-Computer Equip 1411 Building Cost 1412 Accum. Depr.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 Eamings 3300 Dividends 3400 Income Summary 4100 Computer & Consulting Revenue 5010 Rent Expense 5020 Salary Expense 5030 Advertising Expense 5040 Repairs & Maint. Expense 5050 Ol & Gas Expense 5080 Supplies Expense 5090 Interest Expense 5100 Insurance Expense 5110 Depreciation Expense 5120 Income Tax Expense Normal Balance Dabk Dobk Dabi Debit Deb Dobit Credit Deb Credit Debit Credit Debit Credit Credit Credit Credit Credit Credit Credit Credit Credit DE Credit Credit Debit Debit Debit Debit Debit Debit Debit Debit Debit Debit 44 45 46 47