If someone could check this over and make sure all the entries are correct and if they arent show which ones to fix so I can correctly fill out the rest of the accounts. Thank you so much!!!

A Byte of Accounting, Inc. General Journal Note: You can only enter data into the yellow filled cells. Transaction Name Description 01 01 01 Jun 01 Jun 01 Jun 01 1110 Cash 1 311 Computer Equip 3100 Capital Stock Jeremy bought stock Jeremy bought stock Jeremy bought stock 23.980.00 34,540.00 58,520.00 02 02 02 02 Jun 01 Jun 01 Jun 01 Jun 01 1110 Cash 1 311 Computer Equip 1211 Office Equip. 3100 Capital Stock Courtney bought stock Courtney bought stock Courtney bought stock Courtney bought stock 38,500.00 11,000.00 572.00 50.072.00 52,800.00 03 03 Jun 01 Jun 01 1110 Cash 3 100 Capital Stock Marlaina Voelker Buys Stock Marlaina Voelker Buys Stock I 52,800.00 175,000.00 04 04 04 Jun 02 Jun 02 Jun 02 1311 Computer Equip. 1110 Cash 2 202 Notes Payable Down Payment on Computer Equip IDown Payment on Computer Equip Down Payment on Computer Equip Dow | 35,000.00 140,000.00 600.00 05 05 Jun 04 Jun 041 1 211 Office Equip 2 101 Accounts Payable Office Equip purchased on credit Office Equip purchased on credit 600.00 120.00 | 06 061 Jun 081 Jun 08 2 101 | Accounts Payable 1 211 office Equip Retumed equipment Retumed equipment 120.00 26,750.00 07 07 Jun 10 Jun 10 2202 Notes Payable 1 110 Cash Paid Balance from Jun 2 Paid Balance from Jun 2 26,750.00 6,144.00 08 08 Jun 14 Jun 14 1130 Prepaid Insurance 1 110 Cash Purchased insurance policy Purchased insurance policy 6,144.00 8.000.00 091 091 Jun 161 Jun 16 1110 Cash Computer revenue 4100 Computer & Consulting Computer revenue 8,000.00 20.000.000 105.000.00 101 101 101 10 Jun 16 Jun 16 Jun 16 Jun 16 1510 Land 1411 Building Cost 1110 Cash 2 201 Mortgage Payable Purchased a building and land Purchased a building and land Purchased a building and land Purchased a building and land 12.500.00 112.500.00 3.400.00 11 11) Jun 17 Jun 17 1140 Prepaid Rent 1 110 Cash Pald Jun and July rent Paid Jun and July rent 3,400.00 12 325.00 Jun 17 Jun 17 5030 Advertising Expense 2101 Accounts Payable Advrtizing Expense Advrtizing Expense 325.00 4.200.00 13 131 Jun 21 Jun 21 2101 | Accounts Payable 1 110 Cash Paid Customers Paid Customers 4,200.00 725.00 14 14 Jun 21 Jun 21 1150 Office Supplies 1110 Cash Purchased a fax machine Purchased a fax machine 725.00 15 15 Jun 21 Jun 21 2101 Accounts Payable 1110 Cash T 480.00 Pald Accounts Payable Paid Accounts Payable 480.00 325.00 16 16 Jun 22 Jun 22 2101 Accounts Payable 1110 Cash Pald Advertising Bill Paid Advertising Bill 325.00 1.290.00 Jun 22 Jun 22 5040 Repairs & Maint. Expen Bill for computer parts and repair 2101 Accounts Payable Bill for computer parts and repair 171 1,290.00 985.00 18 18 Jun 22 Jun 22 5020 Salary Expense 1110 Cash Paid Salaries week ending jun 18 Paid Salaries week ending jun 18 985.00 3,365.00 19 19 Jun 23 Jun 23 1110 Cash 1120 Accounts Receivable Cash received on billings Cash received on billings 3,365.00 20 20 Jun 23 Jun 230 1150 Office Supplies 2101 Accounts Payable Purchased office supplies on credit Purchased office supplies on credit 580.00 I 580.00, 5 21 211 Jun 28 Jun 28 1120 Accounts Receivable Billed customers for services on jun 25 4100 | Computer & Consulting Billed customers for services on jun 25 ,280.00 T 5,280.00 5,001.00 22 22 Jun 29 Jun 29| 1110 Cash 1120 Accounts Receivable Cash received on billings Cash received on billings 5,001.00 1,290.00 23 23 Jun 29 Jun 29 2101 Accounts Payable 1110 Cash Paid bill received on Jun 22 Paid bill received on Jun 22 1,290.00 985.00 24 24 Jun 29 Jun 29 5020 Salary Expense 1110 Cash Paid salaries week ending jun 25 Paid salaries week ending jun 25 985.00 965.00 25 25 Jun 30 Jun 30 5040 Repairs & Maint. Expen Received bill for Oil and Gas CO 2101 | Accounts Payable Received bill for Oil and Gas CO 965.00 1.100.40 26 26 Jun 30 Jun 30 | 3 300 Dividends 1110 Cash Pald Cash Dividend Paid Cash Dividend 1,100.40 1,700.00 27 27 Jun 30 Jun 30 5010 Rent Expense 1140 Prepaid Rent Rent Expense Recognized Rent Expense Recognized | 1,700.00 344.00 28 28 Jun 30 Jun 30 5080 Supplies Expense 1150 Office Supplies Supplies Expense Supplies Expense 344.00 373.33 29 29 Jun 30 Jun 30 5090 Interest Expense 2103 Interest Payable Interest Adjustment Interest Adjustment 373.33 256.00 30 30 Jun 30 Jun 30 5 100 Insurance Expense 1130 Prepaid Insurance Insurance Adjustment Insurance Adjustment 256.00 1 9,000.00 31] 31] Jun 30 Jun 30| 1120 Accounts Receivable Unbilled Revenue 4100|Computer & Consulting | Unbilled Revenue 9,000.00 32 32 32 32 Jun 30 Jun 30 Jun 30 Jun 30 5 110 Depreciation Expense Adjust Depreciation 1412 Accum. Depr.-Building Adjust Depreciation 1212 Accum. Depr.-Office Eq Adjust Depreciation 1312 Accum. Depr.-Computer Adjust Depreciation 257.94 7.52 3,675.67 591.00 33. 33 Jun 30 Jun 30 5020 Salary Expense 2105 Salaries Payable Salary Expense Salary Expense 591.00 755.00 34. 34 Jun 30 Jun 30 5090 Interest Expense 2 103 Interest Payable interest Adjustment Interest Adjustment 755.00 35 Jun 30 Jun 30 5 120 Income Tax Expense Income Tax 2106 Income Taxes Payable Income Tax 5,040.77 1 5,040.77 22,001.00 36 36 Jun 30 Jun 30 4100 Computer & Consulting Revenue 3400 Income Summary Revenue 22,001.00 16,960.23 37 37 37 37 371 37 37 37 37 371 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 Expenses 5010 Rent Expense Closing Expenses 5020 Salary Expense #REF! 5030 | Advertising Expense Closing Expenses 5040 Repairs & Maint. Expen #REF! 5050 Oil & Gas Expense Closing Expenses 5080 Supplies Expense #REF! 5090 Interest Expense Closing Expenses 5100 Insurance Expense Closing Expenses 5110 Depreciation Expense #REF! 5 120 Income Tax Expense Closing Expenses 1,700.00 1,970.00 325.00 1,290.00 965.00 344.00 1,128.33 256.00 3,941.13 5,040.77 51101 37 5,040.77| 38 38 Jun 30 Jun 30 3400 Income Summary 3200 Retained Earings Closing Income Summary Closing Income Summary 5,040.77 | 1,100.40 39 39 Jun 30 Jun 30 3200 Retained Earings 3300 Dividends Closing Dividends Closing Dividends 1,100.40 Transaction Description of transaction 01. June 1: Byte of Accounting, Inc, issued 2,660 shares of its common stock to Jeremy after $23,980 in cash and computer equipment with a fair market value of $34,540 were received. 02. June 1: Byte of Accounting, Inc. issued 2,276 shares of its common stock after acquiring from Courtney $38,500 in cash, computer equipment with a fair market value of $11,000 and office equipment with a fair value of $572. 03. June 1: Byte of Accounting, Inc, acquired $52,800 in cash from Marlaina Voelker and issued 2,400 shares of its common stock. 04. June 2: A down payment of $35,000 in cash was made on additional computer equipment that was purchased for $175,000. A five-year note was executed by Byte for the balance, 05. June 4: Additional office equipment costing $600 was purchased on credit from Discount Computer Corporation. 06. June 8: Unsatisfactory office equipment costing $120 was returned to Discount Computer for credit to be applied against the outstanding balance owed by Byte. 07. June 10: Byte paid $26,750 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 $6,144 in cash. The effective date of the policy was June 16. 09. June 16: Computer consultation revenue of $8,000 was received. 10. June 16: Byte purchased a building and the land it is on for $125,000, to house its repair facilities and to store computer equipment. The lot on which the building is located is valued at $20,000. The balance of the cost is to be allocated to the building. Byte made a cash down payment of $12,500 and executed a mortgage for the balance. The mortgage is payable in eight oqual annual installments beginning July 1. 11. June 17: Cash of $3,400 was paid for rent for June and July. Put the total amount into the Prepaid Rent account. 12. June 17: Received a bill of $325 from the local newspaper for advertising. 13. June 21: Billed various miscellaneous local customers $4,200 for consulting services performed. 14. June 21: A fax machine for the office was purchased for $725 cash. 15. |June 21; Accounts payable in the amount of 5480 were paid. 16. June 22: Paid the advertising bill that was received on June 17. 17. June 22: Received a bill for $1,290 from Computer Parts and Repair Co, for repairs to the computer equipment. 18. June 22: Paid salaries of $985 to equipment operators for the week ending June 18. 19. June 23: Cash in the amount of S3,365 was received on billings. 20. June 23: Purchased office supplies for $580 on credit. Record the purchase as an increase to the assets. 21. June 28: Billed $5,280 to miscellaneous customers for services performed to June 25. 22. 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 $985 lo equipment operators for the week ending June 25. 25. June 30: Received a bill for the amount of $965 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.] 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. 28. A physical inventory showed that only $236.00 worth of office supplies remained on hand as of June 30. 29. The annual interest rate on the mortgage payable was 8.25 percent. Interest expense for one-half month should be computed because the building and land were purchased and the liability incurred on June 16. 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. 31. A review of Byte's job worksheets show that there are unbilled revenues in the amount of $9,000 for the period of June 28-30. 32. 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. 33. A review of the payroll records show that unpaid salaries in the amount of $591 are owed by Byte for three days, June 28 - 30. 34. The note payable relating to the June 2, and 10 transactions is a five-year nole, 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 $140,000. On June 10, eight days later, $26,750 was repaid. Interest expense must be calculated on the $140,000 for eight days. In addition, interest expense on the $113,250 balance of the loan ($140,000 less $26,750 - $113,250) 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.] Closing Entries 36. Close the revenue accounts. 37. Close the expense accounts. 38. Close the income summary account. 39. Close the dividends account