please help solve transcactions 32-39

the area with the yellow highlighted with no numbers is for jun 30 starting eith income tax expense is what i need help with

Note: You can only enter det into the yerledes Transaction Date Account Name Description Debit Credit 4 5 6 7 03 01 01 Jun 01 Jun 01 Jun 01 1110 Cash 1911 Computer Equip 3100 Capital Stock Need a Description Need a Description 27 B10.00 42, 120.00 8993000 9 10 11 12 19 Jun 01 Jun 01 Jun 01 Jun 01 1110 Cash 131 Computer Equip 1211 Office Equip 3100 Capital Stock Need a Description Need a Description Need a Description 52.650.00 14.040,00 1.107.00 67.79700 03 03 Jun 01 Jun 01 1110 Cash 3100 Capital Stock 48,600.00 Need a Description 48.500.00 170,000.00 04 04 04 Jun 02 Jun 02 Jun 02 1311 Computer Equip 1110 Cash 2202 Notes Payable Need a Description Need a Description 34,000.00 136.000.00 Jun 04 05 05 Jun 04 1211 Office Equip 2102 Advanced Payments 700.00 Need a Description 700.00 Stv 28 06 06 Jun 08 Jun 08 2101 Accounts Payable 1211 Office Equip 140.00 Need a Description 140.00 29 30 31 32 33 34 35 30 37 38 39 40 41 42 07 07 Jun 101 Jun 10 2202 Notes Payable 1110 Cash 26,000.00 Need a Description 20,000.00 188 i 14 Jun 14 1130 Prepaid Insurance 1110 Cash 5,136.00 Need a Description 5.130.00 44 45 4 Transaction Date Account Name Description Debit Credit 09 09 Jun 16 Jun 16 1110 Cash 4100 Computer & Consulting Need a Description 7,500.00 7,500.00 10 10 10 TO Jun 16 Jun 16 Jun 16 Jun 16 1411 Building Cont 1510 Land 1110 Cash 2201 Mortgage Payable 110,000.00 21.000.00 Need a Description Need a Description Need a Description 13.100.00 117 900.00 11 11 Jun 17 Jun 17 1140 Prepaid Rent 1110 Cash 4,200.00 Need a Description 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 53 54 65 66 67 BB 30 270 4,200.00 BA 12 12 Jun 17 Jun 17 5030 Advertising Expense 2101 Accounts Payable 250.00 Need a Description 250.00 13 13 Jun 21 Jun 21 1120 Accounts Receivable 4100 Computer & Consulting Need a Description 4.700.00 4.700.00 14 14 Jun 21 Jun 21 1211 Office Equip 1110 Cash 825,00 22 3 4 Need a Description 825.00 8 -7 15 15 Jun 21 Jun 21 2101 Accounts Payable 1110 Cash 560.00 Need a Description 560.00 9 1 16 216 Jun 22 Jun 22 2101 Accounts Payable 1110 Cash 250.00 Need a Descrlotion General Journal Note: You can only enter data into the yellow led celle Transaction Date Account Name Description Debit Credit INN Jun 22 Jun 22 5040 Repairs & Maint. Expense 2101 Accounts Payable Need a Description 1,165.00 1.165.00 18 18 Jun 22 Jun 22 5020 Salary Expense 1110 Cash 835,00 Need a Descrotion 835.00 19 19 Jun 23 Jun 23 1110 Cash 1120 Accounts Receivable 3.765.00 Need a Description 3.765.00 20 20 Jun 23 Jun 23 1150 Office Supplies 2101 Accounts Payable 505.00 Need a Description 505.00 21 20 Jun 28 Jun 28 1120 Accounts Receivable 4100 Computer & Consulting Needs Description 5,280.00 5,280.00 22 22 Jun 29 Jun 29 1110 Cash 1120 Accounts Receivable 5,00100 Need a Description 5,001.00 23 23 Jun 29 Jun 29 2101 Accounts Payable 1110 Cash 1.165.00 Need a Description 1.165.00 24 24 Jun 29 Jun 29 5020 Salary Expense 1120 Accounts Receivable 835.00 Need a Description 835.00 Note: You can only enter data into the yellow 4 Transaction Date Account Name Description Debit Credit 815.00 25 25 Jun 30 Jun 30 5050 Ol & Gas Expense 2101 Accounts Payable Need a Descnption 815.00 26 26 Jun 30 Jun 30 1,035.15 3300 Dividends 1110 Cash Need a Description 1,035.15 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 27 27 Jun 30 Jun 30 1,400,00 5010 Rent Expense 1140 Prepaid Rent Need a Description 1.400.00 28 28 Jun 301 Jun 30 5080 Supplies Expense 1150 Office Supplies 303.00 Need a Description 303.00 1417 56 20 29 Jun 30 Jun 30 6000 Interest Expenso 2103 Interest Payable Noed a Descrotion 417.56 1144 145 146 147 148 140 150 151 152 163 154 155 156 157 KR 214.00 30 30 Jun 30 Jun 30 $100 Insurance Expense 1130 Prepaid Insurance Need a Description 214.00 31 31 Jun 30 Jun 30 5.375,00 1120 Accounts Receivable 1130 Prepaid Insurance Need a Description 5.375.00 Note: You can only antar data into the yellow celle Debit Transaction Date Account Name Description Credit -1 2 3 32 32 32 32 Jun 30 Jun 30 Jun 30 Jun 30 5110 Depreciation Expense 1412 Accum. Depr-Building Need a Description 1312 Accum. Depr.-Computer Need a Description 1212 Accum Depr.-Office Eq Need a Description 33 33 Jun 30 Jun 30 5020 Salary Expense 2105 Salarios Payable Need a Description 5 6 7 8 9 0 1 2 34 34 Jun 30 Jun 30 5090 Interest Expense 2103 Interest Payable Need a Description 35 35 Jun 30 Jun 30 5120 Income Tax Exponso 2106 Income Taxes Payable Need a Description 36 36 Jun 30 Jun 30 4100 Computer & Consulting Revenue 3400 Income Summary Need a Description 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 37 37 37 37 37 37 37 37 37 37 37 Jun 30 Jun 30 Jun 30 Jun 30 Jun 30 Jun 30 Jun 30 Jun 30 Jun 30 Jun 30 Jun 30 3400 Income Summary 5010 Rent Expense Need a Description 5020 Salary Expense Need a Description 5030 Advertising Expense Need a Description 5040 Repairs & Maint. Expen Need a Description 5050 Ol & Gas Expense Need a Description 5080 Supplies Expense Need a Description 5090 Interest Expense Need a Description 5100 Insurance Expense Need a Descriotion 5110 Depreciation Expense Need a Description 5120 Income Tax Expense Need a Description 7 B 9 35 38 Jun 30 Jun 30 3400 Income Summary 3200 Retained Eamings Need a Description counting, Inc. General Journal 3 Note: You can only enter data into the yellow led cele Transaction Date Account Name Description Debit Credit 38 38 Jun 30 Jun 30 3400 Income Summary 3200 Retained Eamings Need a Description 4 197 398 199 000 201 02 03 04 05 06 37 08 09 39 39 Jun 30 Jun 30 3200 Retained Eamings 3300 Dividends Need a Description 2 3 Transaction Caitlin O'Brien 7221 Description of transaction June 1: Byte of Accounting, Inc. issued 2,590 shares of its common stock to Jeremy after $27,810 in cash and computer equipment with a fair market value of $42,120 were received 01. 4 5 02 June 1: Byte of Accounting, Inc. issued 2,511 shares of its common stock after acquiring from Courtney S52,650 in cash, computer equipment with a fair market value of $14,040 and office equipment with a fair value of $1,107 8 7 03. June 1: Byte of Accounting, Inc. acquired $48,600 in cash from Caitlin O'Brien and issued 1,800 shares of its common stock 8 9 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. 10 11 os. June 4: Additional office equipment costing $700 was purchased on credit from Discount Computer Corporation 12 13 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 14 15 18 17 07. June 10: Byte paid $26,000 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 $5,136 in cash. The effective date of the policy was June 16. 18 19 20 21 09. June 16: Computer consultation revenue of $7,500 was received 10. Sune 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. 22 23 June 17: Cash of $4,200 was paid for rent for June and July. Put the total amount into the Prepaid Rent account 24 25 26 27 12 June 17: Received a bill of S250 from the local newspaper for advertising. Introduction FAQ Welcome Chart of Accounts Transactions General MacBook Pro 13. June 21: Billed various miscellaneous local customers $4,700 for consulting services performed. 14. June 21: A fax machine for the office was purchased for $825 cash. 15. June 21: Accounts payable in the amount of S560 were paid. 16. June 22: Paid the advertising bill that was received on June 17. 17. June 22: Received a bill for $1,165 from Computer Parts and Repair Co. for repairs to the computer equipment. 18. June 22: Paid salaries of $835 to equipment operators for the week ending June 18. 19. June 23: Cash in the amount of $3,765 was received on billings. 20. June 23: Purchased office supplies for $505 on credit. Record the purchase as an increase to the assets. 21. 22. 23. June 28: Billed $5,280 to miscellaneous customers for services performed to June 25. June 29: Cash in the amount of $5,001 was received for billings. June 29: Paid the bill received on June 22, from Computer Parts and Repairs Co. June 29: Paid salaries of $835 to equipment operators for the week ending June 25. June 30: Received a bill for the amount of $815 from O & GOil and Gas Co. 24. 25. 26. June 30: Paid a cash dividend of S0.15 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 and July. Expense the amount associated with one month's rent 28. A physical inventory showed that only $202.00 worth of office supplies remained on hand as of June 30. 29. The annual interest rate on the mortgage payable was 8.50 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 Byte's job worksheets show that there are unbilled revenues in the amount of $5,375 for the period of June 28-30 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 $500. The office equipment has a scrap value of $350. 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 $501 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 $136,000 On June 10, eight days later, $26,000 was repaid. Interest expense must be calculated on the S136,000 for eight days. In addition, interest expense on the $110,000 balance of the loan (5136,000 less $26,000 - $110,000) 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. their bence which you can then tranche prennentement Closing Entries Close the revenue accounts 37 Close the expense counts 38 Close the income summary account 39, Close the dividends account Note: You can only enter det into the yerledes Transaction Date Account Name Description Debit Credit 4 5 6 7 03 01 01 Jun 01 Jun 01 Jun 01 1110 Cash 1911 Computer Equip 3100 Capital Stock Need a Description Need a Description 27 B10.00 42, 120.00 8993000 9 10 11 12 19 Jun 01 Jun 01 Jun 01 Jun 01 1110 Cash 131 Computer Equip 1211 Office Equip 3100 Capital Stock Need a Description Need a Description Need a Description 52.650.00 14.040,00 1.107.00 67.79700 03 03 Jun 01 Jun 01 1110 Cash 3100 Capital Stock 48,600.00 Need a Description 48.500.00 170,000.00 04 04 04 Jun 02 Jun 02 Jun 02 1311 Computer Equip 1110 Cash 2202 Notes Payable Need a Description Need a Description 34,000.00 136.000.00 Jun 04 05 05 Jun 04 1211 Office Equip 2102 Advanced Payments 700.00 Need a Description 700.00 Stv 28 06 06 Jun 08 Jun 08 2101 Accounts Payable 1211 Office Equip 140.00 Need a Description 140.00 29 30 31 32 33 34 35 30 37 38 39 40 41 42 07 07 Jun 101 Jun 10 2202 Notes Payable 1110 Cash 26,000.00 Need a Description 20,000.00 188 i 14 Jun 14 1130 Prepaid Insurance 1110 Cash 5,136.00 Need a Description 5.130.00 44 45 4 Transaction Date Account Name Description Debit Credit 09 09 Jun 16 Jun 16 1110 Cash 4100 Computer & Consulting Need a Description 7,500.00 7,500.00 10 10 10 TO Jun 16 Jun 16 Jun 16 Jun 16 1411 Building Cont 1510 Land 1110 Cash 2201 Mortgage Payable 110,000.00 21.000.00 Need a Description Need a Description Need a Description 13.100.00 117 900.00 11 11 Jun 17 Jun 17 1140 Prepaid Rent 1110 Cash 4,200.00 Need a Description 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 53 54 65 66 67 BB 30 270 4,200.00 BA 12 12 Jun 17 Jun 17 5030 Advertising Expense 2101 Accounts Payable 250.00 Need a Description 250.00 13 13 Jun 21 Jun 21 1120 Accounts Receivable 4100 Computer & Consulting Need a Description 4.700.00 4.700.00 14 14 Jun 21 Jun 21 1211 Office Equip 1110 Cash 825,00 22 3 4 Need a Description 825.00 8 -7 15 15 Jun 21 Jun 21 2101 Accounts Payable 1110 Cash 560.00 Need a Description 560.00 9 1 16 216 Jun 22 Jun 22 2101 Accounts Payable 1110 Cash 250.00 Need a Descrlotion General Journal Note: You can only enter data into the yellow led celle Transaction Date Account Name Description Debit Credit INN Jun 22 Jun 22 5040 Repairs & Maint. Expense 2101 Accounts Payable Need a Description 1,165.00 1.165.00 18 18 Jun 22 Jun 22 5020 Salary Expense 1110 Cash 835,00 Need a Descrotion 835.00 19 19 Jun 23 Jun 23 1110 Cash 1120 Accounts Receivable 3.765.00 Need a Description 3.765.00 20 20 Jun 23 Jun 23 1150 Office Supplies 2101 Accounts Payable 505.00 Need a Description 505.00 21 20 Jun 28 Jun 28 1120 Accounts Receivable 4100 Computer & Consulting Needs Description 5,280.00 5,280.00 22 22 Jun 29 Jun 29 1110 Cash 1120 Accounts Receivable 5,00100 Need a Description 5,001.00 23 23 Jun 29 Jun 29 2101 Accounts Payable 1110 Cash 1.165.00 Need a Description 1.165.00 24 24 Jun 29 Jun 29 5020 Salary Expense 1120 Accounts Receivable 835.00 Need a Description 835.00 Note: You can only enter data into the yellow 4 Transaction Date Account Name Description Debit Credit 815.00 25 25 Jun 30 Jun 30 5050 Ol & Gas Expense 2101 Accounts Payable Need a Descnption 815.00 26 26 Jun 30 Jun 30 1,035.15 3300 Dividends 1110 Cash Need a Description 1,035.15 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 27 27 Jun 30 Jun 30 1,400,00 5010 Rent Expense 1140 Prepaid Rent Need a Description 1.400.00 28 28 Jun 301 Jun 30 5080 Supplies Expense 1150 Office Supplies 303.00 Need a Description 303.00 1417 56 20 29 Jun 30 Jun 30 6000 Interest Expenso 2103 Interest Payable Noed a Descrotion 417.56 1144 145 146 147 148 140 150 151 152 163 154 155 156 157 KR 214.00 30 30 Jun 30 Jun 30 $100 Insurance Expense 1130 Prepaid Insurance Need a Description 214.00 31 31 Jun 30 Jun 30 5.375,00 1120 Accounts Receivable 1130 Prepaid Insurance Need a Description 5.375.00 Note: You can only antar data into the yellow celle Debit Transaction Date Account Name Description Credit -1 2 3 32 32 32 32 Jun 30 Jun 30 Jun 30 Jun 30 5110 Depreciation Expense 1412 Accum. Depr-Building Need a Description 1312 Accum. Depr.-Computer Need a Description 1212 Accum Depr.-Office Eq Need a Description 33 33 Jun 30 Jun 30 5020 Salary Expense 2105 Salarios Payable Need a Description 5 6 7 8 9 0 1 2 34 34 Jun 30 Jun 30 5090 Interest Expense 2103 Interest Payable Need a Description 35 35 Jun 30 Jun 30 5120 Income Tax Exponso 2106 Income Taxes Payable Need a Description 36 36 Jun 30 Jun 30 4100 Computer & Consulting Revenue 3400 Income Summary Need a Description 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 37 37 37 37 37 37 37 37 37 37 37 Jun 30 Jun 30 Jun 30 Jun 30 Jun 30 Jun 30 Jun 30 Jun 30 Jun 30 Jun 30 Jun 30 3400 Income Summary 5010 Rent Expense Need a Description 5020 Salary Expense Need a Description 5030 Advertising Expense Need a Description 5040 Repairs & Maint. Expen Need a Description 5050 Ol & Gas Expense Need a Description 5080 Supplies Expense Need a Description 5090 Interest Expense Need a Description 5100 Insurance Expense Need a Descriotion 5110 Depreciation Expense Need a Description 5120 Income Tax Expense Need a Description 7 B 9 35 38 Jun 30 Jun 30 3400 Income Summary 3200 Retained Eamings Need a Description counting, Inc. General Journal 3 Note: You can only enter data into the yellow led cele Transaction Date Account Name Description Debit Credit 38 38 Jun 30 Jun 30 3400 Income Summary 3200 Retained Eamings Need a Description 4 197 398 199 000 201 02 03 04 05 06 37 08 09 39 39 Jun 30 Jun 30 3200 Retained Eamings 3300 Dividends Need a Description 2 3 Transaction Caitlin O'Brien 7221 Description of transaction June 1: Byte of Accounting, Inc. issued 2,590 shares of its common stock to Jeremy after $27,810 in cash and computer equipment with a fair market value of $42,120 were received 01. 4 5 02 June 1: Byte of Accounting, Inc. issued 2,511 shares of its common stock after acquiring from Courtney S52,650 in cash, computer equipment with a fair market value of $14,040 and office equipment with a fair value of $1,107 8 7 03. June 1: Byte of Accounting, Inc. acquired $48,600 in cash from Caitlin O'Brien and issued 1,800 shares of its common stock 8 9 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. 10 11 os. June 4: Additional office equipment costing $700 was purchased on credit from Discount Computer Corporation 12 13 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 14 15 18 17 07. June 10: Byte paid $26,000 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 $5,136 in cash. The effective date of the policy was June 16. 18 19 20 21 09. June 16: Computer consultation revenue of $7,500 was received 10. Sune 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. 22 23 June 17: Cash of $4,200 was paid for rent for June and July. Put the total amount into the Prepaid Rent account 24 25 26 27 12 June 17: Received a bill of S250 from the local newspaper for advertising. Introduction FAQ Welcome Chart of Accounts Transactions General MacBook Pro 13. June 21: Billed various miscellaneous local customers $4,700 for consulting services performed. 14. June 21: A fax machine for the office was purchased for $825 cash. 15. June 21: Accounts payable in the amount of S560 were paid. 16. June 22: Paid the advertising bill that was received on June 17. 17. June 22: Received a bill for $1,165 from Computer Parts and Repair Co. for repairs to the computer equipment. 18. June 22: Paid salaries of $835 to equipment operators for the week ending June 18. 19. June 23: Cash in the amount of $3,765 was received on billings. 20. June 23: Purchased office supplies for $505 on credit. Record the purchase as an increase to the assets. 21. 22. 23. June 28: Billed $5,280 to miscellaneous customers for services performed to June 25. June 29: Cash in the amount of $5,001 was received for billings. June 29: Paid the bill received on June 22, from Computer Parts and Repairs Co. June 29: Paid salaries of $835 to equipment operators for the week ending June 25. June 30: Received a bill for the amount of $815 from O & GOil and Gas Co. 24. 25. 26. June 30: Paid a cash dividend of S0.15 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 and July. Expense the amount associated with one month's rent 28. A physical inventory showed that only $202.00 worth of office supplies remained on hand as of June 30. 29. The annual interest rate on the mortgage payable was 8.50 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 Byte's job worksheets show that there are unbilled revenues in the amount of $5,375 for the period of June 28-30 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 $500. The office equipment has a scrap value of $350. 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 $501 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 $136,000 On June 10, eight days later, $26,000 was repaid. Interest expense must be calculated on the S136,000 for eight days. In addition, interest expense on the $110,000 balance of the loan (5136,000 less $26,000 - $110,000) 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. their bence which you can then tranche prennentement Closing Entries Close the revenue accounts 37 Close the expense counts 38 Close the income summary account 39, Close the dividends account