PLEASE HELP WITH ENTRIES 32-38 ALL INFO FOR ENTRIES IS IN SCREENSHOTS BELOW THANK YOU

32.

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.

33.

Record a journal entry to reflect that one half month's insurance has expired.

34.

A review of Byte's job worksheets show that there are unbilled revenues in the amount of $15,250.00 for the period of June 28-30.

The Building and the Office Equipment have the following estimated useful lives:

Building - 31.5 years

35.

Office Equipment - 7.0 years

Management has decided that assets purchased during a month are treated as if purchased on the first day of the month. The building's salvage value is $8,500.00. The office equipment has a salvage value of $400.00. Calculate the depreciation for one month using the straight-line method of depreciation.

The Computer Equipment has an estimated useful life of 5.00 years.

36.

Management has decided that assets purchased during a month are treated as if purchased on the first day of the month. The computer equipment's scrap value is $20,000.00. Calculate the depreciation for one month using the double declining method of depreciation.

37.

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. Ignore payroll taxes.

The note payable to Royce Computers (transactions 04 and 08) 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.

38.

[IMPORTANT NOTE: The original note on the computer equipment purchased on June 2 was $124,000.00. On June 10, eight days later, $23,750.00 was repaid. Interest expense must be

calculated on the $124,000.00 for eight days. In addition, interest expense on the $100,250.00 balance of the loan ($124,000.00 less $23,750.00 = $100,250.00) must be calculated for the 20 days remaining in the month of June.]