PREPARE A GENERAL JOURNAL

HELLO! Looking for help on the journal entries 30-46 for the Byte of Accounting!

139,546.50 01 01 01 Jun 01 Jun 01 Jun 01 1110 Cash 3110 Paid-in Capital in Excess of Par Value 3100 Capital Stock Purchased common stock with cash Purchased common stock with cash Purchased common stock with cash 139,500.00 46.50 56578888 02 02 02 02 Jun 01 Jun 01 Jun 01 Jun 01 31,810.60 456,125.20 #2 Not in Balance by -$.10 Purchased common stock and computer equipment Purchased common stock and computer equipment Purchased common stock and computer equipment Purchased common stock and computer equipment 1110 Cash 1311 Computer Equip. 3100 Capital Stock 3110 Paid-in Capital in Excess of Par Value 25.80 487,910.10 03 03 03 03 1,500.50 13,204.40 Jun 01 Jun 01 Jun 01 Jun 01 1211 Office Equip. 1311 Computer Equip. 3110 Paid-in Capital in Excess of Par Value 3100 Capital Stock Purchased common stock and computer equipment Purchased common stock and computer equipment Purchased common stock and computer equipment Purchased common stock and computer equipment 4.90 14,700.00 175,000.00 04 04 04 Jun 02 Jun 02 Jun 02 1311 Computer Equip. 1110 Cash 2202 Notes Payable Purchased computer equipment Purchased computer equipment Purchased computer equipment 35,000.00 140,000.00 400.00 05 05 Jun 04 Jun 04 1211 Office Equip. 2101 Accounts Payable Purchased office equipment on credit Purchased office equipment on credit 400.00 80.00 06 06 Jun 08 Jun 08 2101 Accounts Payable 1211 Office Equip. Returned office equipment for credit on balance Returned office equipment for credit on balance 80.00 1,950.00 07 07 Jun 08 Jun 08 1150 Office Supplies 2101 Accounts Payable Purchased office supplies Purchased office supplies 1,950.00 26,750.00 08 08 Jun 10 Jun 10 2202 Notes Payable 1110 Cash Paid down notes Paid down notes 26,750.00 6,480.00 09 09 Jun 14 Jun 14 1130 Prepaid Insurance 1110 Cash Prepaid insurance, check Prepaid insurance, check 6,480.00 7,750.00 10 10 Jun 16 Jun 16 1110 Cash 4100 Computer & Consulting Revenue Received check for services rendered Received check for services rendered 7,750.00 11 #REF! #REF! 12 12 7,500.00 Jun 17 Jun 17 5010 Rent Expense 1140 Prepaid Rent Paid rent for june, july and agust via check Paid rent for june, july and agust via check 7,500.00 275.00 13 13 Jun 17 Jun 17 5030 Advertising Expense 2101 Accounts Payable Received an invoice Received an invoice 275.00 320.00 14 14 Jun 21 Jun 21 1120 Accounts Receivable 4100 Computer & Consulting Revenue Paid for accounts payable via check Paid for accounts payable via check 320.00 850.00 15 15 Jun 21 Jun 21 1211 Office Equip. 2101 Accounts Payable Purchased fax machine via check Purchased fax machine via check 850.00 4,000.00 16 16 Jun 21 Jun 21 2101 Accounts Payable 4100 Computer & Consulting Revenue Billed customer for consulting services preformed Billed customer for consulting services preformed 4,000.00 885.00 17 17 Jun 22 Jun 22 5020 Salary Expense 1110 Cash Paid salary to equipment operators Paid salary to equipment operators 885.00 1,190.00 18 18 Jun 22 Jun 22 5040 Repairs & Maint. Expense 2101 Accounts Payable Rceived a bill for computer repairs Rceived a bill for computer repairs 1,190.00 275.00 19 19 Jun 22 Jun 22 2101 Accounts Payable 1110 Cash Paid advertising bill via check Paid advertising bill via check 275.00 975.00 20 20 Jun 23 Jun 23 1110 Cash 1120 Accounts Receivable Purchased office supplies Purchased office supplies 975.00 3,205.00 21 21 Jun 23 Jun 23 1110 Cash 1120 Accounts Receivable Cash received on billings Cash received on billings 3,205.00 5,805.00 22 22 Jun 28 Jun 28 1110 Cash 1120 Accounts Receivable Billed miscellaneous customers for services preformed Billed miscellaneous customers for services preformed 5,805.00 1,190.00 23 23 Jun 29 Jun 29 2101 Accounts Payable 1110 Cash Paid bill received on June 22 via check Paid bill received on June 22 via check 1,190.00 5,500.00 24 24 Jun 29 Jun 29 1110 Cash 1120 Accounts Receivable Cash received on billings Cash received on billings 5,500.00 885.00 25 25 Jun 29 Jun 29 5020 Salary Expense 1110 Cash Paid salary to equipment operators Paid salary to equipment operators 885.00 890.00 26 26 Jun 30 Jun 30 5050 Oil & Gas Expense 2101 Accounts Payable Received an oil and gas bill Received an oil and gas bill 890.00 930.00 27 27 Jun 30 Jun 30 3300 Dividends 1110 Cash Paid cash dividend via check Paid cash dividend via check 930.00 516.00 28 28 Jun 30 Jun 30 3300 Dividends 1110 Cash Paid cash dividend via check Paid cash dividend via check 516.00 98.00 29 29 Jun 30 Jun 30 3300 Dividends 1110 Cash Paid cash dividend via check Paid cash dividend via check 98.00 30. The rent payment made on June 17 was for June, July and August. Expense the amount associated with one month's rent. 31. A physical inventory showed that only $414.00 worth of general office supplies remained on hand as of June 30. This did not include any of the Super RoutePro. There were 5 units of Super RoutePro on hand. We use FIFO to determine the valuation of the supplies. 32. 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. 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 $15,000.00 for the period of June 28-30. The Building and the Office Equipment have the following estimated useful lives: Building - 31.5 years Office Equipment - 7.0 years 35. 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 $8,000.00. The office equipment has a salvage value of $500.00. 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. 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. 36. 37. A review of the payroll records show that unpaid salaries in the amount of $531.00 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. [IMPORTANT NOTE: The original note on the computer equipment purchased on June 2 was $140,000.00. On June 10, eight days later, $26,750.00 was repaid. Interest expense must be calculated on the $140,000.00 for eight days. In addition, interest expense on the $113,250.00 balance of the loan ($140,000.00 less $26,750.00 = $113,250.00) must be calculated for the 20 days remaining in the month of June.] 38. 39. Our CPA has informed us to estimate that 3.00% of Computer & Consulting Revenue will be uncollectable. 40. Based on the information on the "Bank Reconciliation" sheet prepare the journal entry required to increases cash. 41. Based on the information on the "Bank Reconciliation" sheet prepare the journal entry required to decreases cash. 42. . 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 43. Close the revenue accounts. . 44. Close the expense accounts. 45. Close the income summary account. 46. Close the dividends account