please help with 32-39

Transaction Description of transaction 01. June 1: Byte of Accounting, Inc, acquired $86,400 in cash from Lauryn and issued 3,200 shares of its common stock. 02 June 1: Byte of Accounting, Inc, issued 2,580 shares of its common stock to Mary Kiley Brannon after $29,430 in cash and computer equipment with a fair market value of $40,230 were received. 03. June 1: Byte of Accounting, Inc. issued 2,280 shares of its common stock after acquiring from Courtney $44,550 in cash, computer equipment with a fair market value of $15,660 and office equipment with a fair value of $1,350 30 04 June 2: A down payment of $30,000 in cash was made on additional computer equipment that was purchased for $150,000. A five-year note was executed by Byte for the balance, 12 05. June 4: Additional office equipment costing $600 was purchased on credit from Discount Computer Corporation 13 14 06. June 8: Unsatisfactory office equipment costing $120 was returned to Discount Computer for credit to be applied against the outstanding balance owed by Byte. 15 16 07 June 10: Byte paid $23,000 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 $5,640 in cash. The effective date of the policy was June 16. 19 20 21 22 09. June 16: A check in the amount of $8,250 was received for consulting revenue 10. June 16: Byte purchased a building and the land it is on for $95,000, to house its repair facilities and to store computer equipment. The lot on which the building is located is valued at $15,000. The balance of the ... ... a Chart of Accounts Transactions General Journal Worksheet Income Stater ! Ready a 10. store computer equipment. The lot on which the building is located is valued at $15,000. The balance of the cost is to be allocated to the building, Byte made a cash down payment of $9,500 and executed a mortgage for the balance. The mortgage is payable in eight equal annual installments beginning July 1. 3 24 June 17: Cash of $4,800 was paid for rent for June and July. Put the total amount into the Prepaid Rent 11. account 25 26 12. June 17: Received a bill of $400 from the local newspaper for advertising. 27 28 29 13. June 21: Accounts payable in the amount of $480 were paid. 30 14. June 21: A fax machine for the office was purchased for $675 cash. 31 32 15. June 21: Billed various miscellaneous local customers 54,400 for consulting services performed. + 33 34 35 36 16. June 22: Paid salaries of $1,010 to equipment operators for the week ending June 18, 17 June 22: Received a bill for $1,190 from Computer Parts and Repair Co. for repairs to the computer equipment 18 June 22: Paid the advertising bill that was recived on June 17 19 June 23: Purchased office supplies for $705 on credit. Record the purchase as an increase to the assets. 37 38 39 40 41 42 43 44 45 46 47 48 20 June 23: Cash in the amount of $3,525 was received on billings 21 June 28: Billed $6,015 to miscellaneous customers for services performed to June 25 DO 22 June 29. Paid the bill received on June 22, from Computer Parts and Repairs Co. 20.hmount of $5.699 was region DSLR 0 1 122 24. June 29. Paid salaries of $1,010 to equipment operators for the week ending June 25. 25. June 30: Received a bill for the amount of $815 from O&G Oil and Gas Co. 53 54 26. June 30: Paid a cash dividend of $0.22 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.] 55 56 57 58 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 27 59 60 28 A physical inventory showed that only $292.00 worth of office supplies remained on hand as of June 30. 61 62 29. 63 64 The annual interest rate on the mortgage payable was 8.75 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. 30. 65 66 31. A review of Byte's job worksheets show that there are unbilled revenues in the amount of $5,000 for the period of June 28-30. 32 67 68 69 70 71 72 - BET 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 $8,000. The 70 71 72 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 $8,000. The office equipment has a scrap value of $500. The computer equipment has no scrap value. Calculate the depreciation for one month, 73 74 33 A review of the payroll records show that unpaid salaries in the amount of $606.00 are owed by Byte for 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 $120,000. On June 10, eight days later, $23,000 was repaid. Interest expense must be calculated on the $120,000 for eight days. In addition, interest expense on the $97,000 balance of the loan ($120,000 less $23,000 - $97,000) 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 BB 37 Close the expense accounts 89 Note: You can only enter data into the yellow Milled cells Transaction Date Account Debit Credit Name Description 86,400.00 01 01 Jun 01 Jun 01 1110 Cash 3100 Capital Stock Seling stock Seling stock 86,400.00 3 9 10 02 02 02 Jun 01 Jun 01 Jun 01 1110 Cash 1311 Computer Equip 3100 Capital Stock Common stock issued Common stock issued Common stock issued 29.430.00 40.230.00 69,660.00 Jun 01 Jun 01 Jun 01 Jun 01 1110 Cash 1311 Computer Equip 1211 Office Equip 3100 Capital Stock Common stock issued Common stock issued Common stock issued Common stock issued 44,550.00 15,660,00 1,350.00 61,560.00 222 aaa 150,000.00 Jun 02 Jun 02 Jun 02 1311 Computer Equip 1110 Cash 2202 Notes Payable Equip bought in cash Equip bought in cash Equip bought in cash 30,000.00 120,000.00 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 An 800.00 05 05 Jun 04 Jun 04 1211 Office Equip 2101 Accounts Payable Equip bought on credit Equip bought on credit 600.00 120.00 06 06 Jun 08 Jun 08 2101 Accounts Payable 1211 Office Equip Unsatisfactory office equip Unsatisfactory office equip 120.00 23,000.00 07 07 Jun 10 Jun 10 2202 Notes Payable 1110 Cash Byte pal Byto paid 23,000.00 Note: You can only enter data into the yellow Pilled cells Transaction Date Account Debit Credit Name Description 5,640.00 08 08 Jun 14 Jun 14 1130 Prepaid Insurance 1110 Cash One Yr. Insurance One Yr. Insurance 5,640.00 8,250.00 09 09 Jun 16 Jun 16 1110 Cash Consulting revenue 4100 Computer & Consulting Consulting revenue 8,250.00 15,000.00 80,000.00 3 0 1 2 53 54 55 56 57 58 10 10 10 10 Blololo Jun 16 Jun 16 Jun 16 Jun 16 1510 Land 1411 Building Cost 1110 Cash 2201 Mortgage Payable Land and Building Purchased Land and Building Purchased Land and Building Purchased Land and Building Purchased 9,500.00 85,500.00 4,800.00 11 11 Jun 17 Jun 17 1140 Prepaid Rent 1110 Cash Prepaid Rent Prepaid Rent 4,800.00 59 400.00 12 12 Jun 17 Jun 17 5030 Advertising Expense 2101 Accounts Payable Advertising Advertising 400.00 480.00 13 13 60 61 62 63 64 65 66 67 6B 69 70 71 72 73 74 75 Jun 21 Jun 21 1211 Office Equip 1110 Cash Payment Payment 480.00 675.00 14 14 Jun 21 Jun 21 1211 Office Equip 1110 Cash Fax Machine Fax Machine 675.00 Date Tran 15 15 4,400.00 onlar Name Description 1120 Accounts Receivable Consulting revenue 4100 Computer & Consulting Consulting revenue Jun 21 Jun 21 4.400.00 1,010.00 16 16 Jun 22 Jun 22 5020 Salary Expense 1110 Cash Paid equip operator Paid equip operator 1,010.00 1.190.00 17 17 Jun 22 Jun 22 5040 Repairs & Maint. Expen Bill received for comupter opps 2101 Accounts Payable Bill received for comupter opps 1,190.00 400.00 18 18 Jun 22 Jun 22 2101 Accounts Payable 1110 Cash Pald adv bill Paid adv bill 400.00 705.00 19 19 Jun 23 Jun 23 1150 Office Supplies 2101 Accounts Payable Office supplies purchased on credit Office supplies purchased on credit 705.00 3 9 0 1 32 33 94 95 96 97 98 99 100 101 102 103 104 105 106 107 10B 109 110 5,699.00 20 20 Jun 23 Jun 23 1110 Cash 1120 Accounts Recolvable cash received cash received 5,699.00 6,015.00 21 21 Jun 28 Jun 28 1120 Accounts Receivable Customer service billed 4100 Computer & Consulting Customer service billed 6.015.00 Transactio Date Account Debit Credit Name Description 1.190.00 22 22 Jun 29 Jun 29 2101 Accounts Payable 1110 Cash Bill paid Bill paid 1.190.00 5,699.00 23 23 Jun 29 Jun 29 1110 Cash 1120 Accounts Receivable cash received cash received 5,699.00 1,010.00 3 4 5 6 17 18 19 20 21 122 123 124 125 126 127 128 129 130 24 24 Jun 29 Jun 29 5020 Salary Expense 1110 Cash Pald equip operator Pald equip operator 1,010,00 815.00 25 25 Jun 30 Jun 30 5050 Oil & Gas Expense 2101 Accounts Payable Received bill from OG Received bill from OG 815.00 131 1.773.20 26 26 Jun 30 Jun 30 3300 Dividends 1110 Cash Paid dividend of 0.22 per share Paid dividend of 0.22 per share 1.773.20 2.400.00 27 27 Jun 30 Jun 30 5010 Rent Expense 1140 Prepaid Rent one month's rent expensed one month's rent expensed 2.400.00 132 133 134 135 136 137 138 139 140 141 142 143 144 145 413.00 28 28 Jun 30 Jun 30 5080 Supplies Expense 1150 Office Supplies supplies expensed supplies expensed 413.00 Trans Date Deb Crec Acco Name 29 Jun 30 Jun 30 311.72 Description Interest expense for 1/2 month interest expense for 1/2 month 5090 Interest Expense 2103 Interest Payable 29 311.72 235.00 30 30 Jun 30 Jun 30 1120 Accounts Receivable prepaid Insurance 4100 Computer & Consulting prepaid insurance 235.00 5,000.00 31 31 Jun 30 Jun 30 1120 Accounts Receivable unbilled revenue 4100 Computer & Consulting unbilled revenue 5,000.00 190.48 32 32 32 32 Jun 30 Jun 30 Jun 30 Jun 30 # 32 Not in Balance by - 3190.48 5110 Depreciation Expense depreciation for one month 1412 Accum Depr.-Building depreciation for one month 1312 Accum. Depr..Compute depreciation for one month 1212 Accum Depr.Office Eq depreciation for one month 5020 Salary Exponse unpaid salary 2105 Salaries Payable unpaid salary 608.00 33 33 Jun 30 Jun 30 606.00 1 2 3 34 35 36 67 68 69 170 171 172 173 174 175 176 177 178 179 180 34 34 Jun 30 Jun 30 5090 Interest Expense 2103 Interest Payable Interest on notes payable interest on notos payable 35 35 Jun 30 Jun 30 5120 Income Tax Expense income taxes computed 2106 Income Taxes Payable income taxes computed Transact Date Account De bit Credit Name Description 36 36 Jun 30 Jun 30 4100 Computer & Consulting closing revenue acct 3400 Income Summary closing revenue acct 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 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 closing expense acct 5020 Salary Expense closing expense acct 5030 Advertising Expense closing expense acct 5040 Repairs & Maint. Expen closing expense acct 5010 Rent Expense closing expense acct 5110 Depreciation Expense closing expense acct 5090 Interest Expense closing expense acct 5080 Supplies Expense closing expense acct 5050 Oil & Gas Expense closing expense acct 5120 Income Tax Expense closing expense acct 5100 Insurance Expense closing expense acct NNNN 38 38 Jun 30 Jun 30 3400 Income Summary 3200 Retained Eamings Closing Income summary account Closing Income summary account 201 39 39 Jun 30 Jun 30 3200 Retained Eamings 3300 Dividends closing dividends account closing dividends account 202 203 204 205 206 207 201