Please help fill out what's in yellow. no matter what I balance something is wrong and I dont know where.

A4 * fx Byte of Accounting, Inc. Test D escription of transacti Ol. June 1: Byte of Accounting, Inc. scquired $55,000 in cash from Lauryn and issued 2,200 shares of its common stock June 1: Byte of Accounting, Inc. issued 2,640 shares of its common stock cash and computeroquipment with a fair market value of 38,000 were received $28,000 8 June 1: Hyte of Accounting, Inc. wad 2,448 shares of its common stock after quiring from Courtney 548,750 in cash, computer equipment with a fair market value of $11,500 and office equipment with a fle value of $950. June 2: Adw e nt of $31,000 in cash was made on al comple purchased for $155.000. A five-year note was cond by Byte for the balance m ent that was June 4: Additional office equipment costing 5300 was purchased on credit from Discount Computer Corporation June 8: Unsatisfactory office equipment costing $60 was returned to Discount Computer for credit to be plied against the outstanding balance owed by Byte. 07 June 10: Byte paid $23,750 on the balance it owed on the June 2 purchase of computer equipment. June 14 A one year insurance policy covering is computer equipment was purchased by Byte for 56,480 in cash. The effective date of the policy was June 16. June 16 A check in the amount of $6,500 was received for consulting revue June 16: Byte purchased a building and the land it is on for $125,000, to house its repair facilities and to store computer equipment. The lot on which the building is located is valued at $20,000. The balance of the cost is to be allocated to the building Byte made a cash down payment of $12.500 and executed a mortgage for the balance. The mortgage is payable in eight equal anual installments beginning July 1. June 17: Cash of $5,000 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 hvertising 13. June 21: Accounts payable in the amount of $240 were paid 14 June 21: A fax machine for the office was purchased for $675 cash. 15 June 21: Billed various miscellaneous local customers 54,400 for consulting services performed 34 35 16. June 22: Paid salaries of $860 to equipment operators for the week ending June 18. Welcome Chart of Accounts Transactions General Journal Worksheet Ince Ready 17. June 22: Received a bill for $1,265 from Computer Parts and Repair Co. for repairs to the computer equipment. 18 June 22: Paid the advertising bill that was received on June 17 19. June 23: Purchased office supplies for $605 on credit. Record the purchase as an increase to the assets. 20 June 23: Cash in the amount of S3,525 was received on billings. 21 June 28: Billed $6,225 to miscellaneous customers for services performed to June 25 22 June 29: Paid the bill received on June 22, from Computer Parts and Repairs Co. 23. June 29: Cash in the amount of $5,899 was received for billings. 24 June 29: Paid salaries of $860 to equipment operators for the week ending June 25. 25. June 30: Received a bill for the amount of $990 from O&G Oil and Gas Co. Pune 30: Paid a cash dividend of 5024 per share to the three shareholdes of Blyte [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 month's rent A physical inventory showed that only $247.00 worth of office supplies remained on hand as of June 30. The annual interest rate on the mortgage payable was 8.00 percent. Interest expense for one-half month should be computed because the building and land were purchased and the liability incurred on June 16. 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 A review of Byte's job worksheets show that there are unbilled revenues in the amount of $5,500 for the period of June 28-30. 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 serp value is $8,000. The office equipment has a serp value of $500. The computer equipment has no serap value. Calculate the depreciation for one month A review of the payroll records show that three days, June 28 - 30. paid salaries in the amount of 5516.00 are owed by Byte for Welcome Chart of Accounts Transactions General Journal Worksheet The rent payment made on June 17 was for June and July. Expense the amount associated with one month's rent ER A physical inventory showed that only $347.00 worth of office supplies remained on hand as of June 30, The annual interest rate on the mortgage payable was 8.00 percent. Interest expense for one-half month should be computed because the building and land were purchased and the liability incurred on June 16. 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 A review of Byte's job worksheets show that there are unbilled revenues in the amount of $5,500 for the period of June 28-30 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 we 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. A review of the payroll records show that unpaid salaries in the amount of $516.00 are owed by Byte for three days, June 28 - 30. The no b le relating to the June 2wd 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 $124,000 On June 10, cight days later, 523,750 was repid Interest expense must be calculated on the 5124,000 for cight days. In addition, interest expense on the $100,250 balance of the loan (5124,000 less $23,750 - $100,250) 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. 00 38. Close the income summary account 02 39. Close the dividends account Welcome A Chart of Accounts Transactions General Journal Workshd Ready A Byte of Accounting, Inc. General Journal the yellow filled at Note: You can only one data in Description 55,000.00 0111110 Cash Jun 01 3100 Capital Stock Las investment Lauryn's Investment 55,000.00 c 11101Cau 1311 Computer Equip 3100 Capital Stock ah Revolved Cash Received Cash Received 28,000.00 38 000 00 66.000.00 Jun 01 Jun 01 Jun 01 1110 Cash 1311 Computer Equip 1211 Office Equip 3100cal Cash Received Cash Received Cash Received Checked 48,750.00 11,500.00 950.00 61.2000 155,000.00 1311 Computer Equip. 1110 Cash 2202 Notes Payable Additional computer equipment Additional computer equipment Additional computer equipment 31.000.00 124.000.00 T8888888888 HH HH 300.00 1211 Office Equip 2101 Accounts Payable Equipment purchased Equipment purchased 2101 Accounts Payable 1211 Office Equip Once Equipment retumed Office Equipment retumed 10 23.750.00 2 202 Notes Payable 1110 Cash Pald balance of equipment Paw balance of equipm 23.750 OC 1130 Prepaid insurance Insurance of equipment ce of E Check for consult Ur & Consulting Check for contin Jun 15 Purchase 20.000.00 Purchase of Building 12,500.00 112.500.00 els LEFT Jun 1622011 2201 Mortgage Payable TER 1101 Jun 17 2101 Ace Welcome Chart of Accounts Transactions General Journal Worksheet Ready Description 1120 Account 4.400 00 400.00 360.00 360.00 Jun 22 Jun 22 5040 Repair & Maint. Exper Bling for Repair 2101 Accounts Payable Biling for Repair 1265.00 1,265.00 Jun 22 Jun 22 2101 Accounts Payable 1 110 Cash 400.00 Payment of Advertising B Payment of Advertising B 400.00 Jun 23 Jun 23 Purchase 1150 Office Supplies 2 101 Accounts Payable 805.00 Purchased Office Supplies 605.00 20 Jun 23 1 110 Cash 1120 Accounts Receivable Cash received fr 3.525.00 Jun 28 Jun 28 1120 Accounts Receivable Balling for se 4100 Computer & Consulting Bil 6.225.00 PARFAITESTIRAR 1.265.00 860.00 123 Welcome Chart of Accounts Transactions General Journal Workshe Ready Transa Name Description 990.00 25 25 Jun 30 Jun 30 5050 L & Gas Expense 2 101 Accounts Payable Received a bill Received a bill 990.00 1,749.12 126 127 128 129 130 131 132 133 134 135 136 137 26 26 Jun 30 Jun 30 3 300 Dividends 1 110 Cash Paid cash dividend Paid cash dividend 1,749.12 2.500.00 27Jun 30 27 Jun 30 5 010 Rent Expense 1140 Prepaid Rent Rent payment Rent payment 2.500.00 Jun 30 Jun 30 5 0B0 Supplies Expense 1 150 Office Supplies Inventory of office supple Inventory of office supplies 358.00 29 Jun 30 Jun 30 5090 Interest Expense 103 Interest Payable Interest rates Interest rates 375.00 2 375.00 151 152 30 30 5 Jun 30 Jun 30 270.00 100 Insurance Expense 1130 Prepaid Insurance Insurance of Equipment Insurance of Equipment 270.00 31 31 Jun 30 Jun 30 1 120 Accounts Receivable Unbilled revenue 4100 Computer & Consulting Unbilled revenue 5,500.00 5,500.00 32Jun 30 Jun 30 Jun 30 Jun 30 5 110 Depreciation Expense Fixed assets 1412 Accum Depr-Bulding Fored assets 1312 Accum Depr Computer Foxed assets 1212 Accum. Depr.-Office Egl Fored assets 256.61 3.408.33 HESSE Jun 30 516.00 5020 Salary Expense 2105 Salaries Payable Unpaid salaries Unpaid salaries 516.00 Jun 30 Jun 30 999.00 5090 Interest Expense 2103 Interest Payable Annual Interest 999.00 Jun 30 Jun 30 5 120 Income Tax Expense income taxes 2106 Income Taxes Payable income taxes 2,413.95 2.413.95 180 181 182 3 6 36 Jun 30 Jun 30 4100 Computer & Consulting Closing of revenue account 3 400 Income Summary Closing of revenue account 22,825.00 22.625.00 Welcome Chart of Accounts Transactions General Journal Worksh Ready General Journal Note: You can only enter data into the yellow filled cells. Description 516001 33 33 516.00 Jun 30 Jun 30 Unpaid salarie Unpaid salaries 5020 Salary Expense 2105 Salaries Payable 166 167 168 169 170 999.00 Jun 30 171 4 17234 5090 interest Expense 2103 Interest Payable Annual Interest Annual interest 999.00 Jun 30 1731 174 2.413.95 176 177 35 351 Jun 30 Jun 30 5 120 Income Tax Expense Income taxes 2 106 Income Taxes Payable income taxes 2,413.95 179 180 22,825.00 36 Jun 30 Jun 30 4100 Computer & Consulting Cosing of revenue account 3400 Income Summary Closing of revenue account 22,625.00 182 Jun 30 Jun 30 Jun 30 Jun 30 Jun 30 Jun 30 AASAASAASA RR 3400 Income Summary Expense accounts closed 5010 Rent Expense Expense accounts closed 5020 Salary Expense Expense accounts closed 5030 Advertising Expense Expense accounts closed 5040 Repairs & Maint. Expen Expense accounts closed 5050 Oil & Gas Expense Expense accounts closed 5080 Supplies Expense Expense accounts closed 5090 Interest Expense Expense accounts closed 5100 Insurance Expense Expense accounts closed 5110 Depreciation Expense Expense accounts closed 5120 Income Tax Expense Expense accounts closed 2,500.00 2,236.00 400.00 1.265.00 990.00 358.00l 1.374.00 270.00 3.681.191 2.413.95 Jun 30 Jun 30 Jun 30 Jun 30 Jun 30 3400 Income Summary 3200 Retained Eamings Closing of dividend account Closing of dividend account Jun 30 7,241.86 88 Jun 30 Jun 30 3200 Retained Eamings 3300 Dividends 1,749.12 Closing of dividend account Closing of dividend account 1,749.12 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 Welcome A Chart of Accounts Transactions finaal In A Byte of Accounting, Inc. Worksheet For Period Ending June 30, 2020 62 894 88 1 201 00 6,48000 5,000.00 605.00 1865.00 Adjusting Entries Adjusted Trial Balance Debit 62.894.88 5,500.00 6.701.00 270.00 6,210.00 2,500.00 2.000.00 35800 247.00 1.865 00 18.25 204,500.00 3,408 33 - 105.000.00 256 611 256 51 20,000.00 1,595 00 204 500 00 1120 Accounts Receivable 1130Prepaid insurance 1140 Prepaid Rent 1150 Office Supplies 1211 Office Equip 1212 Acum Depr.com Equip 1311 Computer Eque 1312 Acum Dept-Computer Equip 1411 Bucing cost 1412 Acum Depr Building 1510 Land 2101 Accounts Payable 2102 Advanced Payments 2103 Interest Payable 2105 Salaries Payable 2106 Income Taxes Payable 2201 Mortgage Payable 2202 Notes Puyat Capital Stock 00 Retained Eaming 105 000.00 1,374.00 1,374.00 516.00 2241395 112,500.00 100 250.00 162 200.00 140 12 1.74912 4100 Computer & Consulting Revenue 17.125.00 5,500.00 22625.00 . 2.500.00 2,500.00 516,00 172000 223.09 400.00 1.265.00 990.00 400.00 1.265.00 99000 35800 1374 00 35800 1.374 00 270.00 2.413.951 70.00 413 670 00 Chart of Accounts Transactions General Journal Worksheet E25 X fx 2413.95 Income Statement For Month Ending June 30, 2020 $ 22,625.00 Revenues Computer & Consulting Revenue $ S $ $ S Expenses Rent Expense Salary Expense Advertising Expense Repairs & Maint. Expense Ol & Gas Expense Supplies Expense Interest Expense Insurance Expense Depreciation Expense Total 2,500.00 2.236.00 400.00 1.265.00 990.00 358.00 1374.00 270.00 3,681.19 13,074.19 $ 9.550 81 Net Income Before Tax 2.413.95 Income Tax Expenses $ 7.241.86 Net Income After Tax Office Update To keep up-to-date with security updates, fixes, and improvements, choose Check for 012 x x A Byte of Accounting, Inc. Statement of Changes in Retained Earnings For Month Ending June 30, 2020 Total Balance, Beginning of Period Net Income 7241.86 Dividends Balance, End of Period 1.749.12 5,492.74 A Byte of Accounting, Inc. Balance Sheet As of June 30, 2020 Assets Current Assets Cash Accounts Receivable Prepaid Insurance Prepaid Rent Office Supplies Total Long-Term Assets Office Equip Accum. Depr.-Office Equip. Computer Equip Accum. Depr.-Computer Equip Building Cost Accum. Depr.-Building Land Total Total Assets Liabilities Current Liabilities Accounts Payable Advanced Payment Interest Payable Salaries Payable Income Taxes Payable Total Long-Term Liabilities Mortgage Payable Notes Payable Total Total Liabilities 45 46 Stockholder's Equity Capital Stock Retained Eamings Total Total Liabilities and Stockholder's Equity