JOURNALIZE ALL ENTRIES IN PICTURE PLEASE, WILUPVOTE PLEASE HELP Transaction Description of transaction June $1$: Byte of Accounting, Inc. issued $2,650$ shares of its common stock to Jeremy after $01$ $$31,320$ in cash and computer equipment with a fair market value of $$45,530$ were received. June $1$: Byte of Accounting, Inc. issued $2,165$ shares of its common stock after acquiring from Courtney $$44,950$ in cash, computer equipment with a fair market value of $$16,820$ and office equipment with a fair value of $$1,01502$ June $1$: Byte of Accounting, Inc. acquired $$75,400$ in cash from and issued $2,60003$ shares of its common stock. June $2$: A down payment of $$31,000$ in cash was made on additional computer equipment that was purchased for $$155,000.$ A five$-$year note was executed by Byte for the balance $04.$ June $4$: Additional office equipment costing $$700$ was purchased on credit from Discount Computer Corporation. June $8$: Unsatisfactory office equipment costing $$140$ was returned to Discount Computer for $05.06$ credit to be applied against the outstanding balance owed by Byte. June $10$: Byte paid $$23,750$ on the balance it owed on the June $2$ purchase of computer $07$ equipment. June $14$: A one$-$year insurance policy covering its computer equipment was purchased by Byte for $$4,968$ in cash. The effective date of the policy was June $16.0809$ June $16$: Computer consultation revenue of $$7,000$ was received. June $16$: Byte purchased a building and the land it is on for $$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 $1.10$ June $17$: Cash of $$9,600$ was paid for rent for June, July, August and September. Put the total amount into the Prepaid Rent account. $11$ June $17$: Received a bill of $$375$ from the local newspaper for advertising. $12.$ June $21$: Billed various miscellaneous local customers $$4,300$ for consulting services performed. $13$ June $21$: A fax machine for the office was purchased for $$800$ cash. June $21$: Accounts payable in the amount of $$560$ were paid. $1415$ June $22$: Paid the advertising bill that was received on June $17.16$ June $22$: Received a bill for $$1,215$ from Computer Parts and Repair Co$.$ for repairs to the computer equipment. $17.$ June $22$: Paid salaries of $$810$ to equipment operators for the week ending June $1818$ June $23$: Cash in the amount of $$3,445$ was received on billings. $19.$ June $23$: Purchased office supplies for $$705$ on credit. Record the purchase as an increase to the assets twenty. twenty$-$one. June $28$: Billed $$5,700$ to miscellaneous customers for services performed to June $25.22.$ June $29$: Cash in the amount of $$5,400$ was received for billings. $23.$ June $29$: Paid the bill received on June $22,$ from Computer Parts and Repairs Co$.24.$ June $29$: Paid salaries of $$810$ to equipment operators for the week ending June $25.25$ June $30$: Received a bill for the amount of $$890$ from O & G Oil and Gas Co$.$ June $30$: Paid a cash dividend of $$0\mathrm{.}19$ 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.$]26.$ Adjusting Entries $-$ Round to two decimal places. The rent payment made on June $17$ was for June, July, August and September. Expense the $27.$ amount associated with one month's rent A physical inventory showed that only $$292\mathrm{.}00$ worth of office supplies remained on hand as of June $30.28$ The annual interest rate on the mortgage payable was $8\mathrm{.}75$ percent. Interest expense for one$-$half month should be computed because the building and land were purchased and the liability incurred on June $1629$ Information relating to the prepaid insurance may be obtained from the transaction recorded on $30.$ June $14.$ Expense the amount associated with one half month's insurance. A review of Byte's job worksheets show that there are unbilled revenues in the amount of $$5,625$ for the period of June $28-30.31.32.$ The fixed assets have estimated useful lives as follows: Building$-31\mathrm{.}5$ years Computer Equipment $-5\mathrm{.}0$ years Office Equipment $-7\mathrm{.}0$ years Use the straight$-$line method of depreciation. Management has decided that assets purchased no scrap value. Calculate the depreciation for one month. during a month are treated as if purchased on the first day of the month. The building's scrap value is $$7,000.$ The office equipment has a scrap value of $$300.$ The computer equipment has A review of the payroll records show that unpaid salaries in the amount of $$486$ are owed by Byte for three days, June $28-30.33$ 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.