Answered step by step
Verified Expert Solution
Question
1 Approved Answer
journalize entries 10. June 16: Checks in the amount of $8,760.00 were received for services performed for cash customers. June 16: Byte purchased a building
journalize entries
10. June 16: Checks in the amount of $8,760.00 were received for services performed for cash customers. June 16: Byte purchased a building and the land it is on for $113,000.00 to house its repair facilities and to store computer equipment. The lot on which the building is located is valued at $18,000.00. The balance of the cost is to 11. be allocated to the building. Check # 5005 was used to make the down payment of $11,300.00. A thirty year mortgage with an inital payement due on August 1st, was established for the balance. 12. June 17: Check # 5006 for $7,500.00 was paid for rent of the office space for June, July and August. 13. June 17: Received invoice number 26354 in the amount of $425.00 from the local newspaper for advertising. 14. June 21: Accounts payable in the amount of $320.00 were paid with Check # 5007. 15 June 21: Check # 5008 was used to purchase a fax machine for the office from Office Machines Express for $850.00. The invoice number was 975-328. 16. June 21: Billed various miscellaneous local customers $4,800.00 for consulting services performed. 17. June 22: Check # 5009 was used to pay salaries of $835.00 to equipment operators for the week ending June 18. Ignore payroll taxes. 18 June 22: Received a bill for $1,090.00 from Computer Parts and Repair Co. for repairs to the computer equipment. The invoice number was 43254. 19. June 22: Check # 5010 was used to pay the advertising bill that was received on June 17. 20. June 23: Purchased office supplies for $925.00 from Staples on account. The invoice number was 65498. Included in the purchase was 10 units of Super RoutePro at a cost of $31.00 eachStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started