please help me make a balance sheet using these pictures attached.

Byte of Accounting The Byte of Accounting Corporation (Byte) sells turn-key computer systems to midsize businesses on account. Byte was started by Lauryn on January 1 of last year when she was issued 2,200 shares of stock Business Operations: Clients' orders are drop shipped directly from the suppliers to the client's location. Upon delivery of the hardware, Byte is notified and Byte's employees install, modify and test the new items. Significant Accounting Policies: The business has adopted the following accounting policies: Items that cost less than $2,000.00 are expensed Inventory is valued using a perpetual inventory system. Specific identification is used to determine the cost of computers sold since the units are drop shipped directly to the clients. In response to customers, Byte will now start to inventory and install Super Toners at our clients locations. Perpetual FIFO will be used for the Super Toners. . The allowance method is used to account for bad debts. Rent payments are expensed in the period in which they are incurred. . When calculating depreciation, assets purchased during a month are treated as if purchased on the first day of the month. . Description of transaction Transaction 01. December 1: Zachary Church, a new investor, made an investment in Byte by purchasing 2,700 shares of its common stock paying S86,400.00 in cash. The par value of the common stock was $22.00 per share. 02 December 3: Byte purchased a Ricoh Color Copier for $5,100.00. The invoice number was 61298 Byte paid 10% in cash and signed a three-year note for the remaining balance. Interest at a rate of 6% a year will be paid semiannually. 03. December 3: Check # 6001 for $2,600.00 was issued by Byte to pay for rent of the office space for December AL December 3: Byte received 19 Super Toners for resale to customers at a cost of $22.00 per toner. The invoice number was 7249, and requires payment within 30 days. oc 04. 05. December 10: Byte sold 14 Super Toners to a customer on account for $52.00 each. The Sales order number was 12100 Byte of Accounting December 10: Blyte records the cost of the 14 Super Toners sold using FIFO. The sales order 06 trwa 12100 OP December 11: Check 6002 was inued to pay salaries of $2,000.00 to equipment operators. care payroll taxes at this time.) December 14 Check Woo was issued to purchase a one-year Insurance policy covering its computer equipment. The cost of the insurance is 56,456.00 and paid to Seth's Insurance. The effective date of the policy was December 16 and the invoice number was 2387. 00 December 15: Byte purchased 5700.00 of supplies on account. 10 December 16: Byte received 10 Super Toners purchased for resale to customers. The cost was 129.00 per toner. The lovelee number was 7959, and payment is required in 30 days. 11 December 17: Byte was informed that Mr. Madoff who has an account with the company will never pay the $534.00 he owes. Record the transaction to write off Mr. Madoff's accounts receivable account using the allowance method. 12 December 17: Byte received invoice number 26354 in the amount of $700.00 from the local bewspaper for advertising 13 December 18: Check 6004 was issued to pay Accounts Payable in the amount of 5820.00. 14 December 19: Byte sold 14 Super toners to a customer on account for $52.00 each. The sales order number was 12101. 16. December 19: Byte records the cost of the 14 Super Toners sold using FIFO. The sales order number was 12101. 16. December 21: Byte received an emailed invoice in the amount of 56,100.00 for computers that were drop shipped and received today. 17. December 21: Byte billed various miscellaneous local customers $12,200.00 for computers that were delivered today. 16 December 21: Record the cost of the computers that were sold today. 19. December 22: Check # 6005 was issued to pay salaries of $2,000.00 to equipment operators. (Ignore payroll taxes at this time.) 20. December 22: Byte received a bill for $1,515.00 from Computer Parts and Repair Co. for repairs to the computer equipment. The invoice number was 43254. December 22: Check # 6006 was issued to pay the advertising bill that was previously received and recorded from the local newspaper for advertising, invoice number 26354. 6 21. Byte of Accounting 22 23 December 22: Byte received 17 Super Toners purchased for resale to customers. The cost was 531,00 per toner. The invoice number was 8988, and payment is required in 30 days. December 23: Byte received $21,075,00 from customers billed when they received delivery. December 23: Byte received an emailed invoice in the amount of $7,350.00 for computers that were drop shipped and received today December 28: Byte billed various miscellaneous local customers $14,700.00 for computers that were delivered today, 24 25 26. December 28: Record the cost of the computers that were sold today. 27 December 28: Byte paid the bill that was previously received and recorded from Computer Parts and Repairs Co with Check # 6007. The invoice number was 43254. 28 December 29: Byte received S14,375.00 from customers billed when they received delivery. 29. December 29: Byte received a bill for the amount of $680.00 from AT&T for the telephone and Internet access. The invoice number was 784537. 30 December 30: Check # 6008 was issued to pay salaries of $2,000.00 to equipment operators. Lenore payroll taxes at this time.) 31. December 30: Check # 6009 was issued to pay a cash dividend of S.25 per share to Lauryn, a shareholder of Byte. 32. December 30: Check # 6010 was issued to pay a cash dividend of S.25 per share to Zachary Church, a shareholder of Byte. 33 December 30: Byte received a $9,215.00 check from Church Corporation for merchandise ordered which will be delivered in January. Christian Wolff, Byte's CPA, indicated that the previous bookkeeper was not very good. The CPA prepared a bank reconciliation and discovered that the bookkeeper neglected to record the bond issued on January 1 of this year and neglected the recording of the interest payment on June 30. Since Byte does not make entries into "closed" periods, record the entries as of December 31. 34. December 31: On January 1, Byte received $128,926.80 when they issued a $120,000.00, 7%, ten- year bond. Interest is to be paid semiannually on June 30 and December 31. The market rate was 6%. This entry was never recorded. Adres Record the following adjusting entries is the real real and press the Mand demand her formare The reched and deposited from some wa SILA.. the $1475. rally ordet Achat my with pics remained on hands December the for the Color Cople will be paid er med the Decore the way for the island December Mware try to be that all the has expired 41 A l'indicated that they received the free were drippereche Decker www.un of the cost of the computers that were dropped Mawrth that we wild December The crew Cg Trial Balance free years for being deprecated and pasteful life year while the depreciate for your wing the rain 48 The Color Copier part of the office et les bess. wadae as of 000. During December 9.50 ples were made Calele de depreciation for yearsing the athly based method of depreciation 50 Sheet Legal Pad Byte of Accounting 38 Dermer 31 Check 367 was issued on June 30 for the they are put for the end Reward the entry wing the straight-line method. This entry Vermeerded. December 11 Check it was de December in for the timely repeat for the bowl Recand then the straight lines Petermarle to the prendre sted Trillanes December Make sure work of blod Closing Entries Record the closing entries to Retained Earnings in the general journal and post to the general ledger. 50 Close the revenue account 51 Close the expense accounts Close the dividend account Prepare the Past Closing Trial Balance B Complete the Ratio Analysis Current Ratio Receivable Turnover Awrage Collection Period Inventory Turnover Average Days in Inventory Gross Profit Rate Profit Margin Earnings per Share (EPS) 46. The remaining office equipment, 564,100.00, was purchased last January and has an estimated useful life of 10.0 years with a salvage value of $3,100.00. Calculate the depreciation for one year using the straight-line method of depreciation. A review of Byte's payroll records show that unpaid salaries in the amount of $1,200.00 are owed by Byte for three days, December 28 - 31. (Ignore payroll taxes at this time.) 48. Byte's CPA indicated that 5.00% of the outstanding Accounts Receivable would be a good estimate of the uncollectable accounts. Record the bad debt expense using the adjusted allowance method. 49. Byte's income taxes are to be computed at the rate of 25% 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 Statement through the Net Income Before Tax line. A Post your adjusting journal entries to the general ledger and prepare the Adjusted Trial Balance as of December 31. B. Using the Adjusted Trial Balance as of December 31 as a reference, prepare the Income Statement, Statement of Stockholder's Equity, Balance Sheet and Statement of Cash Flows. A Byte of Accounting, Inc. Trial Balance As of November 30, 2020 Unadjusted Trail Balance Debit Credit 63775.00 20.000.00 5 600 00 27600.00 2700 00 64 100 00 Arco Nume Name 1110 cash Arcounts Receivable Allowance for Dog Accounts 11130 radne 140 Prepaid Rent 110 Eupplies 100 inventory 1210 Office Equipment 1212 Acum Depotice Equip 131 Computer Equipment 131 Accum. Depr computer Equip 2101 AGCO Payable 2109 Uneamed Revenue 2103 interest Payable 21051Salaries and Wages Payable 2100 income taxes Payable 2202 Notes Payabile 6100 00 20 000 4.000.00 3655.00 A Byte of Accounting, Inc. Post Closing Trial Balance As of December 31, 2019 Credit Debit 41 630.00 30,000.00 600.00 2800.00 900.00 64,100.00 6,100.00 Account Number Name 1110 Cash 1120 Accounts Receivable 1121 Allowance for Doubtful Accounts 1140 Prepaid Rent 1150 Supplies 1211 Office Equipment 1212 Accum. Depr.-Office Equip 1311 Computer Equipment 1312 Accum. Depr.-Computer Equip 2101 Accounts Payable 2105 Salaries and Wages Payable 2106 Income Taxes Payable 3100 Common Stock 3120 Paid-in Capital in Excess of Par 3200 Retained Eamings Total 20.000.00 4,000.00 47 330.00 800.00 6,000.00 48 400.00 22,000.00 24 000.00 150 230.00 159 230.00 A Byte of Accounting Balance Sheet As of December 31, 2020 Assets Current Assets Cash Accounts Receivable Allowance for Doubtful Accounts Net Receivable Prepaid Insurance Prepaid Rent Supplies Inventory Total Long-Term Assets Office Equipment Accum. Depr -Office Equip Net Office Equipment Computer Equipment Accum Depr-Computer Equip Net Computer Equipment Total Total Assets Liabilities Liabilities Current Liabilities Accounts Payable Uneamed Revenue Interest Payablo Salaries and Wages Payable Income Taxes Payable Total Long-Term Liabilities Notes Payable Bond Payable Premium on Bond Payable Net Bond Payable Total Total Liabilities Stockholder's Equity e Paid-in Capital Common Stock Paid In Capital in Excess of Par Retained Earnings Total Stockholder's Equity Total Liabilities and Stockholder's Equity e e Not a number Not a number Not a number Not a number Not a number 1