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PLEASE I NEED HELP WITH ALL YOU CAN SINCE JUNE 16 TO JUNE 23 09. June 16: A check in the amount of $7,750 was
PLEASE I NEED HELP WITH ALL YOU CAN SINCE JUNE 16 TO JUNE 23
09. June 16: A check in the amount of $7,750 was received for consulting revenue. June 16: Byte purchased a building and the land it is on for $113,000, to house its repair facilities and to store computer equipment. The lot on which the building is located is valued at $18,000. The 10. balance of the cost is to be allocated to the building. Byte made a cash down payment of $11,300 and executed a mortgage for the balance. The mortgage is payable in eight equal annual installments beginning July 1. \begin{tabular}{l|l} 11. & June 17: Cash of $8,000 was paid for rent for June, July, August and September. Put the total \\ amount into the Prepaid Rent account. \end{tabular} 12. June 17: Received a bill of $450 from the local newspaper for advertising. 13. June 21: Accounts payable in the amount of $400 were paid. 14. June 21: A fax machine for the office was purchased for $875cash. \begin{tabular}{l|l} 15. & June 21: Billed various miscellaneous local customers $4,500 for consulting services performed. \end{tabular} 16. June 22: Paid salaries of $985 to equipment operators for the week ending June 18 . \begin{tabular}{l|l} 17. & June 22: Received a bill for $1,290 from Computer Parts and Repair Co. for repairs to the computer equipment. \\ \hline \end{tabular} 18. June 22: Paid the advertising bill that was received on June 17. \begin{tabular}{l|l} 19. & June 23: Purchased office supplies for $555 on credit. Record the purchase as an increase to the assets. \\ \hline \end{tabular} 20. June 23: Cash in the amount of $3,605 was received on billings. Step II - Journalizing the Transactions. Using your unique transactions record the corresponding general journal entry, rounding to two decimal places. For example, 01 June 1: Joseph made an investment in Byte of Accounting, Inc. by purchasing 2,000 shares of its common stock for $40,000 cash. The par value of the common stock was $20 per share. In the date field enter the date of the transaction. If you do not enter a date value an error message will appear. In the account field enter the account number that corresponds to the account in the chart of accounts. You can also use the pull down list to find the appropriate account number. If you use a number that is not on the chart of accounts an error message will appear. \begin{tabular}{|l|l|} \hline Number Name & Normal Balance \\ \hline 1110 Cash & Debit \\ \hline 1120 Accounts Receivable & Debit \\ \hline 1130 Prepaid Insurance & Debit \\ \hline 1140 Prepaid Rent & Debit \\ \hline 1150 Office Supplies & Debit \\ \hline 1211 Office Equip. & Debit \\ \hline 1212 Accum. Depr.-Office Equip. & Credit \\ \hline 1311 Computer Equip. & Debit \\ \hline 1312 Accum. Depr.-Computer Equip. & Credit \\ \hline 1411 Building Cost & Debit \\ \hline 1412 Accum. Depr.-Building & Credit \\ \hline 1510 Land & Debit \\ \hline 2101 Accounts Payable & Credit \\ \hline 2102 Advanced Payments & Credit \\ \hline 2103 Interest Payable & Credit \\ \hline 2105 Salaries Payable & Credit \\ \hline 2106 Income Taxes Payable & Credit \\ \hline 2201 Mortgage Payable & Credit \\ \hline 2202 Notes Payable & Credit \\ \hline 3100 Capital Stock & Credit \\ \hline 3200 Retained Earnings & Credit \\ \hline 3300 Dividends & Debit \\ \hline 3400 Income Summary & Credit \\ \hline 4100 Computer \& Consulting Revenue & Credit \\ \hline 5010 Rent Expense & Debit \\ \hline 5020 Salary Expense & Debit \\ \hline 5030 Advertising Expense & Debit \\ \hline 5040 Repairs \& Maint. Expense & Debit \\ \hline 5050 Oil \& Gas Expense & Debit \\ \hline 5080 Supplies Expense & Debit \\ \hline 5090 Interest Expense & Debit \\ \hline 5100 Insurance Expense & Debit \\ \hline 5110 Depreciation Expense & Debit \\ \hline 5120 Income Tax Expense & Debit \\ \hline \end{tabular}Step by Step Solution
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