Number	Name	Normal Balance
1110	Cash	Debit
1120	Accounts Receivable	Debit
1130	Prepaid Insurance	Debit
1140	Prepaid Rent	Debit
1150	Office Supplies	Debit
1211	Office Equip.	Debit
1212	Accum. Depr.-Office Equip.	Credit
1311	Computer Equip.	Debit
1312	Accum. Depr.-Computer Equip.	Credit
1411	Building Cost	Debit
1412	Accum. Depr.-Building	Credit
1510	Land	Debit
2101	Accounts Payable	Credit
2102	Advanced Payments	Credit
2103	Interest Payable	Credit
2105	Salaries Payable	Credit
2106	Income Taxes Payable	Credit
2201	Mortgage Payable	Credit
2202	Notes Payable	Credit
3100	Capital Stock	Credit
3200	Retained Earnings	Credit
3300	Dividends	Debit
3400	Income Summary	Credit
4100	Computer & Consulting Revenue	Credit
5010	Rent Expense	Debit
5020	Salary Expense	Debit
5030	Advertising Expense	Debit
5040	Repairs & Maint. Expense	Debit
5050	Oil & Gas Expense	Debit
5080	Supplies Expense	Debit
5090	Interest Expense	Debit
5100	Insurance Expense	Debit
5110	Depreciation Expense	Debit
5120	Income Tax Expense	Debit

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, July, August and September. Expense the amount associated with one month's rent.
28.	A physical inventory showed that only $292.00 worth of office supplies remained on hand as of June 30.
29.	The annual interest rate on the mortgage payable was 9.25 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 Bytes job worksheets show that there are unbilled revenues in the amount of $8,750 for the period of June 28-30.
32.	The expense for depreciation follows:
	Building - $243.00
	Computer Equipment - $3,048.00
	Office Equipment - $23.00
33.	A review of the payroll records show that unpaid salaries in the amount of $546 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. The June interest expense from this note is $1,063.67.
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.