just need the rest if the journal entries. 30-39. included the description of transactions and previous entries.

+7 A x fx B Byte of Accounting, Inc. Bray Makowski 9849 Description of transaction June 1: Byte of Accounting, Inc, issued 2,650 shares of its common stock to Jeremy after $31,610 in cash and computer equipment with a fair market value of $45,240 were received. Transaction 01. 02. June 1: Byte of Accounting, Inc. issued 1,951 shares of its common stock after acquiring from Courtney $39,150 in cash, computer equipment with a fair market value of S16,240 and office equipment with a fair value of $1,189. 03. June 1: Byte of Accounting, Inc. acquired S63,800 in cash from Bray Makowski and issued 2,200 shares of its common stock. 04. June 2: A down payment of $32,000 in cash was made on additional computer equipment that was purchased for $160,000. A five-year note was executed by Byte for the balance. OS June 4: Additional office equipment costing S600 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 S24,500 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 $6,480 in cash. The effective date of the policy was June 16. 09 June 16: Computer consultation revenue of $7,500 was received. 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. Byle 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 S4,600 was paid for rent for June and July. Put the total amount into the Prepaid Rent account 12. June 17: Received a bill of $400 from the local newspaper for advertising 27 ex fe 13. June 21: Billed various miscellaneous local customers $4,100 for consulting services performed. 14. June 21: A fax machine for the office was purchased for $775 cash. 15. June 21: Accounts payable in the amount of S480 were paid. 16. June 22: Paid the advertising bill that was received on June 17. 17. June 22: Received a bill for $1,215 from Computer Parts and Repair Co. for repairs to the computer equipment 18. June 22: Paid salaries of S835 to equipment operators for the week ending June 18. 19. June 23: Cash in the amount of $3,285 was received on billings 20. June 23: Purchased office supplies for $655 on credit. Record the purchase as an increase to the assets. 21. June 28: Billed S5,490 to miscellaneous customers for services performed to June 25. 22. June 29: Cash in the amount of $5,201 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 S835 to equipment operators for the week ending June 25. 25. June 30: Received a bill for the amount of 5815 from O&G Oil and Gas Co. 26. June 30: Paid a cash dividend of S0.17 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. The rent payment made on June 17 was for June and July. Expense the amount associated with one 27 month's rent 28 A physical inventory showed that only $270.00 worth of office supplies remained on hand as of Juno 30 Introduction FAQ A Welcome A Chart of unts Transactio ady A 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 $5,375 for the period of June 28-30 8 B 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 $8,000. The office equipment has a scrap value of $500. 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 S501 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 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 $128,000. On June 10, eight days later, $24,500 was repaid. Interest expense must be calculated on the S128,000 for eight days. In addition, interest expense on the $103,500 balance of the loan ($128,000 less $24,500 - $103,500) 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. 5 34. 8 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 $128,000. On June 10, eight days later, $24,500 was repaid. Interest expense must be calculated on the $128,000 for eight days. In addition, interest expense on the $103,500 balance of the loan ($128,000 less S24,500 - $103,500) must be calculated for the 20 days remaining in the month of June.) 3 3 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. B D E F G G H A Byte of Accounting, Inc. General Journal lote: You can only enter data into the yellow filled cells. Transaction Date Account Name Description Debit Credit 999 Jun 01 Jun 01 Jun 01 1110 Cash 1311 Computer Equip. 3100 Capital Stock common stock issues to Jeremy common stock issues to jeremy common stock issues to jeremy 31,610.00 45,240.00 76,850.00 02 02 02 02 Jun 01 Jun 01 Jun 01 Jun 01 1110 Cash 1311 Computer Equip. 1211 Office Equip. 3100 Capital Stock common stock issued common stock issued common stock issued common stock issued 39.150.00 16,240.00 1,189.00 56,579.00 Jun 01 Jun 01 1110 Cash 3100 Capital Stock 03 common stock issued common stock issued 63,800.00 63,800.00 04 04 04 Jun 02 Jun 02 Jun 02 1311 Computer Equip 1110 Cash 2202 Notes Payable computer bough in cash and notes pay 160,000.00 computer bough in cash and notes payable computer bough in cash and notes payable 32,000.00 128,000.00 05 05 Jun 04 Jun 04 1211 Office Equip. 2101 Accounts Payable equpment bought on credit equpment bought on credit 600.00 600.00 06 06 Jun 08 Jun 08 2101 Accounts Payable 1211 Office Equip. unsatisfactory office equipment unsatisfactory office equipment 120.00 120.00 07 07 Jun 10 Jun 101 Transactions 2202 Notes Payable 1110 Cash General Journal byte paid the balance it owed on Juni 24,500.00 byte paid the balance it owed on Jun 2 purchase of cd 24,500.00 Worksheet Income Statement Changes in Retained Earnings T A Byte of Accounting, Inc. General Journal Note: You can only enter data into the yellow filled cells. Transaction Date Account Name Description Debit Credit 08 08 Jun 14 Jun 14 2202 Notes Payable 1110 Cash a one year insurance policy covering it 6,480.00 a one year insurance policy covering its computer equipment Need An Account Number 6.480.00 09 09 Jun 16 Jun 16 1110 Cash cash was received for consulting rever 4100 Computer & Consulting cash was received for consulting revenue 7,500.00 7,500.00 10 10 10 10 Jun 16 Jun 16 Jun 16 Jun 16 1510 Land 1411 Building Cost 1110 Cash 2201 Mortgage Payable land and building purchased land and building purchased land and building purchased land and building purchased 107,000.00 17,000.00 10.700.00 113,300.00 11 11 Jun 171 Jun 17 1140 Prepaid Rent 1110 Cash paid prepaid rent paid prepaid rent 4,600.00 4,600.00 12 12 Jun 17 Jun 17 5030 Advertising Expense 2101 Accounts Payable received bill for advertising received bill for advertising 400.00 400.00 13 13. Jun 21 Jun 21 1211 Office Equip 1110 Cash billed customers for consulting service billed customers for consulting services 4.100.00 4,100.00 14 14 Jun 21 In 211 Transactions 2101 Accounts Payable 111nroeh A General Journal fax machine purchased Ifav machine nurbocor Worksheet Income Statement 775.00 775 ml Changes in Retained Earning A Byte of Accounting, Inc. General Journal Hote: You can only enter data into the yellow filled cells. Transaction Date Account Credit Debit 21 21 Jun 28 Jun 28 Name Description 1120 Accounts Receivable billed customers for consulting service 4100 Computer & Consulting billed customers for consulting services 5,490.00 5,490.00 22 22 | Jun 29 Jun 29 1110 Cash 1120 Accounts Receivable cash received cash received 5,201.00 5,201.00 23 23 Jun 29 Jun 29 2101 Accounts Payable 1110 Cash 1.215.00 paid bill paid bill Need An Account Number 1,215.00 24 24 Jun 29 Jun 29 5020 Salary Expense 1110 Cash 835.00 paid salaries to equpment operators paid salaries to equpment operators 835.00 25 25 Jun 30 Jun 30 5050 Oil & Gas Expense 2101 Accounts Payable received bill from O&G and Gas Co. received bill from O&G and Gas Co. 815.00 815.00 26 26 Jun 30 Jun 30 3300 Dividends 1110 Cash paid dividend of $0.17 per share paid dividend of $0.17 per share NINI 27 27 Jun 30 Jun 30 5010 Rent Expense 1140 Prepaid Rent General Journal one months rent expensed one months rent expensed Worksheet Income Statement 1.150.00 1,150.00 Changes in Retained Earnin Transactions ili BIU a. A 11 $ % 98 99 2. Formatas Table 12 Cell Styles IM x fx A B B D E F H A Byte of Accounting, Inc. General Journal ote: You can only enter data into the yellow filled cells. Transaction Date Name Account Debit Credit 14 14 Description fax machine purchased fax machine purchased Jun 21 Jun 21 2101 Accounts Payable 1110 Cash 775.00 775.00 15 15 Jun 21 Jun 21 1211 Office Equip 1110 Cash 480.00 accounts payable paid accounts payable paid + 480.00 16 16 Jun 22 Jun 22 2101 Accounts Payable 1110 Cash 400.00 paid the advertising bill received June paid the advertising bill received June 17 400.00 17 17 Jun 22 Jun 22 5040 Repairs & Maint. Exper received the bill for computer equipme 1,215.00 2101 Accounts Payable received the bill for computer equipment repairs 1.215.00 835.00 18 18 Jun 22 Jun 22 5020 Salary Expense 1110 Cash paid salaries to equpment operations paid salaries to equpment operations 835.00 3,285.00 19 19 Jun 23 Jun 23 1110 Cash 1120 Accounts Receivable acash received from customers acash received from customers 3,285.00 20 20 Jun 23 Jun 23 Transactions 1150 Office Supplies purchased office supplies on credit 1120 Accounts Receivable purchased office supplies on credit General Journal Worksheet Income Statement 655.00 655.00 A Changes in Retained Earnings ste 3 BIU ilil IA IN $ % 9 8 28 Formatas Tal 2 Col Styles 1 x fx C F G B D E A Byte of Accounting, Inc. General Journal Ste: You can only enter data into the yellow filled cells. ransaction Date Account Name Description Debit Credit 27 27 Jun 30 Jun 30 5010 Rent Expense 1140 Prepaid Rent one months rent expensed months rent expensed 1,150.00 1,150.00 28 28 Jun 30 Jun 30 5080 Supplies Expense 1150 Office Supplies 270.00 supplies expensed supplies expensed 270.00 29 29 Jun 30 Jun 30 5090 Interest Expense 2103 Interest Payable interest expense for one half month or 377.70 interest expense for one half month on mortgage 377.70 30 30 Jun 30 Jun 30 5100 Insurance Expense 1130 Prepaid Insurance prepaid insurance account charged prepaid insurance account charged 31 32 33 Transactions General Journal A Worksheet Income Statement Changes in Retained Earn