Must complete general journal, balance sheet and income statement.

% . Paste Clipboard Arial 10 Conditional FC = = Format as Tab BI DA Number , Cell Styles Font Alignment Styles fx [IMPORTANT NOTE: Since the income taxes are a percent of the net income you will wa B Byte of Accounting, Inc. B82 A 1 2 3 Transaction Description of transaction 4 01. June 1: Byte of Accounting, Inc. acquired 570,200 in cash from Lauryn and issued 2,600 shares of its common stock CON 02. June 1: Byte of Accounting, Inc. issued 2,540 shares of its common stock in cash and computer equipment with a fair market value of $40,770 were received after $27,810 7 03. June 1: Byte of Accounting, Inc. issued 1,976 shares of its common stock after acquiring from Courtney $36,450 in cash, computer equipment with a fair market value of $16,200 and office equipment with a fair value of $702 9 10 04. June 2: A down payment of $34,000 in cash was made on additional computer equipment that was purchased for $170,000. A five-year note was executed by Byte for the balance. 11 12 05. June 4: Additional office equipment costing $700 was purchased on credit from Discount Computer Corporation 13 14 06. June 8: Unsatisfactory office equipment costing $140 was returned to Discount Computer for credit to be applied against the outstanding balance owed by Byte. 15 16 07. June 10: Byte paid $26,000 on the balance it owed on the June 2 purchase of computer equipment 17 18 08. June 14: A one-year insurance policy covering its computer equipment was purchased by Byte for 55,976 in cash. The effective date of the policy was June 16. 19 20 21 22 09. June 16: A check in the amount of $6,500 was received for consulting revenue. Transactions General Journal Worksheet Income Statement D Changes in Rete Ready LO Paste y = = = 70 Format as Table avau Number Cell Styles Font Alignment Styles x & fx [IMPORTANT NOTE: Since the income taxes are a percent of the net income you will war Clipboard B82 A C 22 10. June 16: Byte purchased a building and the land it is on for $131,000, to house its repair facilities and to store computer equipment. The lot on which the building is located is valued at $21,000. The balance of the cost is to be allocated to the building. Byte made a cash down payment of $13,100 and executed a mortgage for the balance. The mortgage is payable in eight equal annual installments beginning July 1. 23 24 11. June 17: Cash of $4,800 was paid for rent for June, July and August. Put the total amount into the Prepaid Rent account. 25 26 12. June 17. Received a bill of $275 from the local newspaper for advertising 27 28 13. June 21: Accounts payable in the amount of S560 were paid. 29 30 14. June 21: A fax machine for the office was purchased for $850 cash. 31 32 15. June 21: Billed various miscellaneous local customers $4,200 for consulting services performed 33 34 35 36 16. June 22: Paid salaries of $985 to equipment operators for the week ending June 18. 17. June 22: Received a bill for $1,315 from Computer Parts and Repair Co. for repairs to the computer equipment 37 38 39 40 18. June 22: Paid the advertising bill that was received on June 17. 19. 41 42 June 23: Purchased office supplies for $505 on credit. Record the purchase as an increase to the assets. 20 . June 23: Cash in the amount of $3,365 was received on billings. 43 44 45 46 21. June 28: Billed $5,805 to miscellaneous customers for services performed to June 25 47 22. June 29: Paid the bill received on June 22, from Computer Parts and Repairs Co. 9 CAD Transactions General Journal Worksheet Income Statement Changes in Retail Ready Income Statement Changes in Retai Ready 500 1412 . W P 13 X a v V SF Insert Draw Page Layout Formulas Data Review View Tell me Arial = 10 % Conditional E Format as Paste B IU AA Number Cell Styles Clipboard Font Alignment Style B82 4 x fc (IMPORTANT NOTE: Since the income taxes are a percent of the net income you will v B 69 32 The fixed assets have estimated useful lives as follows: 70 Building - 31.5 years 71 Computer Equipment - 5.0 years 72 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 $7,000. The office equipment has a scrap value of $350. The computer equipment has no scrap value. Calculate the 73 depreciation for one month. 74 A review of the payroll records show that unpaid salaries in the amount of $591.00 are owed by Byte for 33. three days, June 28 - 30. 75 76 34. 77 78 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 $136,000 On June 10, cight days later, $26,000 was repaid. Interest expense must be calculated on the $136,000 for eight days. In addition, interest expense on the $110,000 balance of the loan (S136,000 less $26,000 - $110,000) must be calculated for the 20 days remaining in the month of June.) 79 80 81 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.] 82 83 84 Closing Entries 85 85 36, Close the revenue accounts B7 BB 37 Close the expense accounts 89 29 Transactions General Journal A Worksheet Income Statement A Changes in Reto Ready 600 1,612 JUL W 13 A w A Conditional Fo % Format as Tabl Paste B I Y obra. Av Number Cell Styles Clipboard Font Alignment Styles B82 4 x fx [IMPORTANT NOTE: Since the income taxes are a percent of the net income you will wa B 78 On June 10, eight days later, $26,000 was repaid. Interest expense must be calculated on the $136,000 for eight days. In addition, interest expense on the $110,000 balance of the loan ($136,000 less $26,000 - $110,000) must be calculated for the 20 days remaining in the month of June.] 79 80 81 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.) 82 83 84 Closing Entries 85 86 36. Close the revenue accounts. 87 88 37. Close the expense accounts. 89 90 38. Close the income summary account. 39. Close the dividends account 91 92 93 94 95 95 97 98 99 100 101 102 103 104 105 106 107 29 100 Transaction Home Insert Draw Page Layout Formulas Data Review Arial 10 G Wrap Text 101 ille Paste BIU A Merge & Center Alignment H 1 Clipboard Font G141 x fx B C D 1 A Byte of Accounting, Inc. General Journal 3 Note: You can only enter data into the yellow file cas Transaction Date Credit 4 5 Account Name Description Debit 01 01 Jun 01 Jun 01 70,200.00 1110 Cash 3100 Capital Stock Common Stock issued Common Stock issued 70.200.00 02 02 02 Jun 01 Jun 01 Jun 01 1110 Cash 1311 Computer Equip 1211 Office Equip (Being record of computer equipment 27 510.00 Being record of computer equipment 40.770.00 Being record of computer equipment and 2540 share 68.580.00 7 B 9 10 11 12 13 14 15 18 17 18 19 20 21 22 23 24 25 03 03 03 03 Jun 01 Jun 01 Jun 01 Jun 01 1110 Cash 1311 Computer Equip 1211 Office Equip 3100 Capital Stock Being record of computer equipment 38.450.00 Being record of computer equipment 16,200.00 Being mcord of computer equipment 702 00 Being record of computer equipment and 2540 share 53 352.00 04 04 04 Jun 02 Jun 02 Jun 02 1311 Computer Fquip 1110 Cash 2102 Advanced Payments Being purchase of Computer equiem 170,000.00 Being purchase of Computer equipment by cash and Being purchase of Computer equipment by cash and 34,000.00 136.000.00 05 05 Jun 04 Jun 04 1211 Office Equio 2101 Accounts Payable Being purchse of office equipment on Being purchse of office equipment on credit) 22 28 20 700.00 700.00 + Jun 08 05 06 Jun 08 2101 Accounts Payable 1211 Office Equip Beingum of office equipment) Beng mum of office equipment) 140.00 140.00 39 34 35 35 ST je 39 40 41 07 07 Jun 10 Jun 10 2202 Notes Payable 1110 Cash Being payment made to noto) Being payment made to noto 25,000.00 28,000.00 08 DA OB Jun 14 Jun 14 14 5100 Inance Expense 1130 Prepad Insurance 1110 Cash 43 Noe Description Need Desorption 249.00 5.727.00 5,976,00 45 40 09 Jan 101 1110 Cash Being cord of service revenue Transactions General Journal Worksheet 6,500.00 Income Statement Ready Changes in Retained Data Formulas Review View Tell me Insert Draw Page Layout = = = General Arial 10 ' B LUUA 29 Wrap Text Merge & Center = = = $ % Num Alignment Font board 4 x H A B E G For Period Ending June 30, 2021 - - Account Unadjusted Trial Balance Adjusting Entries Adjusted Trial Balance mber Name Debit Credit Debt Credit Debit Credit 1110 Cash 59,655 80 59.655 80 1120 Accounts Receivable 1.140.00 1.140.00 1130 Prepaid Insurance 5,727.00 5,727 00 1140 Prepaid Rent 3,200.00 - 3.200.00 1150 Office Supplies 505.00 - 505 00 1211 Office Equip 68,468.00 66,468.00 1212 Accum Dept-Office Equio 1311 Comouter Equip 226,970.00 226,970.00 1312 Accum. Dept.-Computer Equlo. . 1411 Building Cost 110,000.00 - 110,000.00 1412 Accum. Depr Building 1510 Land 21,000.00 21.000.00 2101 Accounts Payable 2095.00 - 2.095.00 2102 Advanced Payments 135,000.00 - 136,000.00 2103 Interest Payable - 1,096.00 1.096.00 2105 Salaries Payable - 2106 Income Taxes Payable - 2201 Mortgage Payable 118 815.00 - 118 815.00 2202 Notes Payable 26,000.00 - 26.000.00 3100 Capital Stock 123,552.00 123 55200 3200 Retained Eamings 3300 Dividends 1423.20 1.423 20 1 1 4100 Computer & Consulting Revenue - 16 505 00 16 505.00 2. 5010 Rent Expense 1,600.00 1.600.00 53 5020 Salary Expense 1,970.00 1970.00 5030 Advertising Expense 550 00 - 350.00 - 35 5040 Repair & Maint. Expense 2.630.00 - 2.630.00 30 5050 01 & Gas Expense 815 00 - - 815 00 37 SOBO Suppies Expense - 5090 interest Expense 1.000.00 1 098 00 39 5100 Insurance Expense 249.00 249.00 40 5110 Depreciation Expense 41 5120 Income Tax Expense 42 43 44 45 46 47 483 435.00 483 435.00 1098.00 1.00500 45465100 154.531 00 48 49 50 51 Transactions General Journal Worksheet Income Statement Changes in Retained Earning Insert Draw Page Layout Formulas Data Review View X Arial 10 29 Wrap Text BIU SEE Merge & Center Alignment board Font X fx 429394.8 A G B D H E Balance Sheet As of June 30, 2021 Assets Current Assets Cash Accounts Receivable Prepaid Insurance Prepaid Rent Office Supplies Total $ 58,740.80 $ 1.140.00 $ 5,727.00 $ 3.200.00 $ 505.00 $69.312.80 $ 1.262.00 $ 1.262.00 $ 226,970.00 Long-Term Assets Office Equip Accum. Depr.-Office Equip. Computer Equip Accum. Depr.-Computer Equip Building Cost Accum. Depr-Building Land Total Total Assets $ 226,970.00 $ 110,000.00 $ 110,000.00 21,000.00 $360,082.00 $ 429,394.80 Liabilities $ 505.00 Current Liabilities Accounts Payable Advanced Payment Interest Payable Salarios Payable Income Taxos Payable Total 5 $ 1,096.00 2,296 25 3,89725 2 Long-Term Liabilites Mortgage Payable Notes Payable Total Total Liabetes $ 117,900.00 110,000.00 4 5 5 7 227,900.00 5 227,900.00 Stockholder's Equity 30 Transactions General Journal ht Tomat 1 A Byte of Accounting, Inc. Income Statement For Month Ending June 30, 2021 Revenues Computer & Consulting Revenue $ 16,505.00 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 Expenses Rent Expense Salary Expense Advertising Expense Repairs & Maint. Expense Oil & Gas Expense Supplies Expense Interest Expense Insurance Expense Depreciation Expense Total Expenses $ 1.600.00 $1.970.00 $ 275.00 $ 1,315.00 IS 815.00 $ 1,096.00 $ 249.00 7.320.00 Net Income Before Tax $ 9.185.00 18 19 20 21 22 23 24 25 25 27 28 29 30 31 32 Income Tax Expense und we damp 2.296.25 Net Income After Tax $ 6,888.75 % . Paste Clipboard Arial 10 Conditional FC = = Format as Tab BI DA Number , Cell Styles Font Alignment Styles fx [IMPORTANT NOTE: Since the income taxes are a percent of the net income you will wa B Byte of Accounting, Inc. B82 A 1 2 3 Transaction Description of transaction 4 01. June 1: Byte of Accounting, Inc. acquired 570,200 in cash from Lauryn and issued 2,600 shares of its common stock CON 02. June 1: Byte of Accounting, Inc. issued 2,540 shares of its common stock in cash and computer equipment with a fair market value of $40,770 were received after $27,810 7 03. June 1: Byte of Accounting, Inc. issued 1,976 shares of its common stock after acquiring from Courtney $36,450 in cash, computer equipment with a fair market value of $16,200 and office equipment with a fair value of $702 9 10 04. June 2: A down payment of $34,000 in cash was made on additional computer equipment that was purchased for $170,000. A five-year note was executed by Byte for the balance. 11 12 05. June 4: Additional office equipment costing $700 was purchased on credit from Discount Computer Corporation 13 14 06. June 8: Unsatisfactory office equipment costing $140 was returned to Discount Computer for credit to be applied against the outstanding balance owed by Byte. 15 16 07. June 10: Byte paid $26,000 on the balance it owed on the June 2 purchase of computer equipment 17 18 08. June 14: A one-year insurance policy covering its computer equipment was purchased by Byte for 55,976 in cash. The effective date of the policy was June 16. 19 20 21 22 09. June 16: A check in the amount of $6,500 was received for consulting revenue. Transactions General Journal Worksheet Income Statement D Changes in Rete Ready LO Paste y = = = 70 Format as Table avau Number Cell Styles Font Alignment Styles x & fx [IMPORTANT NOTE: Since the income taxes are a percent of the net income you will war Clipboard B82 A C 22 10. June 16: Byte purchased a building and the land it is on for $131,000, to house its repair facilities and to store computer equipment. The lot on which the building is located is valued at $21,000. The balance of the cost is to be allocated to the building. Byte made a cash down payment of $13,100 and executed a mortgage for the balance. The mortgage is payable in eight equal annual installments beginning July 1. 23 24 11. June 17: Cash of $4,800 was paid for rent for June, July and August. Put the total amount into the Prepaid Rent account. 25 26 12. June 17. Received a bill of $275 from the local newspaper for advertising 27 28 13. June 21: Accounts payable in the amount of S560 were paid. 29 30 14. June 21: A fax machine for the office was purchased for $850 cash. 31 32 15. June 21: Billed various miscellaneous local customers $4,200 for consulting services performed 33 34 35 36 16. June 22: Paid salaries of $985 to equipment operators for the week ending June 18. 17. June 22: Received a bill for $1,315 from Computer Parts and Repair Co. for repairs to the computer equipment 37 38 39 40 18. June 22: Paid the advertising bill that was received on June 17. 19. 41 42 June 23: Purchased office supplies for $505 on credit. Record the purchase as an increase to the assets. 20 . June 23: Cash in the amount of $3,365 was received on billings. 43 44 45 46 21. June 28: Billed $5,805 to miscellaneous customers for services performed to June 25 47 22. June 29: Paid the bill received on June 22, from Computer Parts and Repairs Co. 9 CAD Transactions General Journal Worksheet Income Statement Changes in Retail Ready Income Statement Changes in Retai Ready 500 1412 . W P 13 X a v V SF Insert Draw Page Layout Formulas Data Review View Tell me Arial = 10 % Conditional E Format as Paste B IU AA Number Cell Styles Clipboard Font Alignment Style B82 4 x fc (IMPORTANT NOTE: Since the income taxes are a percent of the net income you will v B 69 32 The fixed assets have estimated useful lives as follows: 70 Building - 31.5 years 71 Computer Equipment - 5.0 years 72 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 $7,000. The office equipment has a scrap value of $350. The computer equipment has no scrap value. Calculate the 73 depreciation for one month. 74 A review of the payroll records show that unpaid salaries in the amount of $591.00 are owed by Byte for 33. three days, June 28 - 30. 75 76 34. 77 78 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 $136,000 On June 10, cight days later, $26,000 was repaid. Interest expense must be calculated on the $136,000 for eight days. In addition, interest expense on the $110,000 balance of the loan (S136,000 less $26,000 - $110,000) must be calculated for the 20 days remaining in the month of June.) 79 80 81 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.] 82 83 84 Closing Entries 85 85 36, Close the revenue accounts B7 BB 37 Close the expense accounts 89 29 Transactions General Journal A Worksheet Income Statement A Changes in Reto Ready 600 1,612 JUL W 13 A w A Conditional Fo % Format as Tabl Paste B I Y obra. Av Number Cell Styles Clipboard Font Alignment Styles B82 4 x fx [IMPORTANT NOTE: Since the income taxes are a percent of the net income you will wa B 78 On June 10, eight days later, $26,000 was repaid. Interest expense must be calculated on the $136,000 for eight days. In addition, interest expense on the $110,000 balance of the loan ($136,000 less $26,000 - $110,000) must be calculated for the 20 days remaining in the month of June.] 79 80 81 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.) 82 83 84 Closing Entries 85 86 36. Close the revenue accounts. 87 88 37. Close the expense accounts. 89 90 38. Close the income summary account. 39. Close the dividends account 91 92 93 94 95 95 97 98 99 100 101 102 103 104 105 106 107 29 100 Transaction Home Insert Draw Page Layout Formulas Data Review Arial 10 G Wrap Text 101 ille Paste BIU A Merge & Center Alignment H 1 Clipboard Font G141 x fx B C D 1 A Byte of Accounting, Inc. General Journal 3 Note: You can only enter data into the yellow file cas Transaction Date Credit 4 5 Account Name Description Debit 01 01 Jun 01 Jun 01 70,200.00 1110 Cash 3100 Capital Stock Common Stock issued Common Stock issued 70.200.00 02 02 02 Jun 01 Jun 01 Jun 01 1110 Cash 1311 Computer Equip 1211 Office Equip (Being record of computer equipment 27 510.00 Being record of computer equipment 40.770.00 Being record of computer equipment and 2540 share 68.580.00 7 B 9 10 11 12 13 14 15 18 17 18 19 20 21 22 23 24 25 03 03 03 03 Jun 01 Jun 01 Jun 01 Jun 01 1110 Cash 1311 Computer Equip 1211 Office Equip 3100 Capital Stock Being record of computer equipment 38.450.00 Being record of computer equipment 16,200.00 Being mcord of computer equipment 702 00 Being record of computer equipment and 2540 share 53 352.00 04 04 04 Jun 02 Jun 02 Jun 02 1311 Computer Fquip 1110 Cash 2102 Advanced Payments Being purchase of Computer equiem 170,000.00 Being purchase of Computer equipment by cash and Being purchase of Computer equipment by cash and 34,000.00 136.000.00 05 05 Jun 04 Jun 04 1211 Office Equio 2101 Accounts Payable Being purchse of office equipment on Being purchse of office equipment on credit) 22 28 20 700.00 700.00 + Jun 08 05 06 Jun 08 2101 Accounts Payable 1211 Office Equip Beingum of office equipment) Beng mum of office equipment) 140.00 140.00 39 34 35 35 ST je 39 40 41 07 07 Jun 10 Jun 10 2202 Notes Payable 1110 Cash Being payment made to noto) Being payment made to noto 25,000.00 28,000.00 08 DA OB Jun 14 Jun 14 14 5100 Inance Expense 1130 Prepad Insurance 1110 Cash 43 Noe Description Need Desorption 249.00 5.727.00 5,976,00 45 40 09 Jan 101 1110 Cash Being cord of service revenue Transactions General Journal Worksheet 6,500.00 Income Statement Ready Changes in Retained Data Formulas Review View Tell me Insert Draw Page Layout = = = General Arial 10 ' B LUUA 29 Wrap Text Merge & Center = = = $ % Num Alignment Font board 4 x H A B E G For Period Ending June 30, 2021 - - Account Unadjusted Trial Balance Adjusting Entries Adjusted Trial Balance mber Name Debit Credit Debt Credit Debit Credit 1110 Cash 59,655 80 59.655 80 1120 Accounts Receivable 1.140.00 1.140.00 1130 Prepaid Insurance 5,727.00 5,727 00 1140 Prepaid Rent 3,200.00 - 3.200.00 1150 Office Supplies 505.00 - 505 00 1211 Office Equip 68,468.00 66,468.00 1212 Accum Dept-Office Equio 1311 Comouter Equip 226,970.00 226,970.00 1312 Accum. Dept.-Computer Equlo. . 1411 Building Cost 110,000.00 - 110,000.00 1412 Accum. Depr Building 1510 Land 21,000.00 21.000.00 2101 Accounts Payable 2095.00 - 2.095.00 2102 Advanced Payments 135,000.00 - 136,000.00 2103 Interest Payable - 1,096.00 1.096.00 2105 Salaries Payable - 2106 Income Taxes Payable - 2201 Mortgage Payable 118 815.00 - 118 815.00 2202 Notes Payable 26,000.00 - 26.000.00 3100 Capital Stock 123,552.00 123 55200 3200 Retained Eamings 3300 Dividends 1423.20 1.423 20 1 1 4100 Computer & Consulting Revenue - 16 505 00 16 505.00 2. 5010 Rent Expense 1,600.00 1.600.00 53 5020 Salary Expense 1,970.00 1970.00 5030 Advertising Expense 550 00 - 350.00 - 35 5040 Repair & Maint. Expense 2.630.00 - 2.630.00 30 5050 01 & Gas Expense 815 00 - - 815 00 37 SOBO Suppies Expense - 5090 interest Expense 1.000.00 1 098 00 39 5100 Insurance Expense 249.00 249.00 40 5110 Depreciation Expense 41 5120 Income Tax Expense 42 43 44 45 46 47 483 435.00 483 435.00 1098.00 1.00500 45465100 154.531 00 48 49 50 51 Transactions General Journal Worksheet Income Statement Changes in Retained Earning Insert Draw Page Layout Formulas Data Review View X Arial 10 29 Wrap Text BIU SEE Merge & Center Alignment board Font X fx 429394.8 A G B D H E Balance Sheet As of June 30, 2021 Assets Current Assets Cash Accounts Receivable Prepaid Insurance Prepaid Rent Office Supplies Total $ 58,740.80 $ 1.140.00 $ 5,727.00 $ 3.200.00 $ 505.00 $69.312.80 $ 1.262.00 $ 1.262.00 $ 226,970.00 Long-Term Assets Office Equip Accum. Depr.-Office Equip. Computer Equip Accum. Depr.-Computer Equip Building Cost Accum. Depr-Building Land Total Total Assets $ 226,970.00 $ 110,000.00 $ 110,000.00 21,000.00 $360,082.00 $ 429,394.80 Liabilities $ 505.00 Current Liabilities Accounts Payable Advanced Payment Interest Payable Salarios Payable Income Taxos Payable Total 5 $ 1,096.00 2,296 25 3,89725 2 Long-Term Liabilites Mortgage Payable Notes Payable Total Total Liabetes $ 117,900.00 110,000.00 4 5 5 7 227,900.00 5 227,900.00 Stockholder's Equity 30 Transactions General Journal ht Tomat 1 A Byte of Accounting, Inc. Income Statement For Month Ending June 30, 2021 Revenues Computer & Consulting Revenue $ 16,505.00 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 Expenses Rent Expense Salary Expense Advertising Expense Repairs & Maint. Expense Oil & Gas Expense Supplies Expense Interest Expense Insurance Expense Depreciation Expense Total Expenses $ 1.600.00 $1.970.00 $ 275.00 $ 1,315.00 IS 815.00 $ 1,096.00 $ 249.00 7.320.00 Net Income Before Tax $ 9.185.00 18 19 20 21 22 23 24 25 25 27 28 29 30 31 32 Income Tax Expense und we damp 2.296.25 Net Income After Tax $ 6,888.75