This is the Cybertext project for ACG2021. I need help in transactions 28,29,30,32 and 34 please.

Building Blocks of Accounting .. A Financial Perspective A SOLE PROPRIETORSHIP Luai, when you are ready to have your work graded you will upload this file LA4030.xls to the same screen that the project was downloaded from: www.cybertext.com, The Book List, Building Blocks of Accounting .. A Financial Perspective, Enter password, Upload Your Excel File. Keep two copies of your spreadsheet in two separate places in case one does not work. You may find it easier to work on this project if you print a hard copy of all the pages. NOTE: If there are any questions about the project e-mail markfriedman@miami.edu or call 305.284.6296. Grade will be based upon answers entered into the shaded boxes. F111 150123 or LA4030.xlsx, Elf Village Productions 50 Sheet Legal Pad Building Blocks of Accounting .. A Financial Perspective FAQ Page 1 FAQ 01 My file used to upload, why is it not uploading? Answer: Sometimes we unknowing add items to a workbook that inhibits the upload process. The conversion to an earlier version Somehow clean the files and they then upload without problem. If the problem continue simple send your file as an attachment with your username and password...friedman@cybertext.com Windows Operating System Select File Select Save As Select Save As Type: Select Microsoft 5.0/95 Workbook (*.xls) Select Save Select Continue or Yes if prompted or if it indicates that there is limited memory. Select Select Select Select Select Select File Close File Open and open the .xls file Save As Save As Type: Excel Workbook (*.xlsx) Save Upload the file at cybertext.com Apple Operating System Select File Select Save As Select Format: Select Microsoft 5.0/95 Workbook (*.xls) Select Save Select Continue or Yes if prompted or if it indicates that there is limited memory. Select Select Select Select Select Select MF1234.xlsx File Close File Open and open the .xls file Save As Format: Excel Workbook (*.xlsx) Save Upload the file at cybertext.com Excel 5.0/95 Workbook (.xls) Elf Village Productions 50 Sheet Legal Pad Building Blocks of Accounting .. A Financial Perspective FAQ Page 2 FAQ 02 When I try to enter information in the General Journal why does an error appears indicating that the cell protected? Answer: The computer program is designed to save you time. Instead of requiring you to enter the description four times the program automatically copies the description when you enter a new account number. This process requires that the data entry is limited to those cells which contain unique information. The cells that you can enter data into are the yellow filled cells. FAQ 03 In the feedback section, what does it mean when I have points under reverse? Answer: If you pay a telephone expense of $100.00 Telephone Expense 100 100 Cash If you debit cash and credit telephone expense you have reversed the whole entry. Cash 100 100 Telephone Expense If you debit cash and credit anything else you have reversed part of the entry. Cash 100 Rent Expense 100 Elf Village Productions 50 Sheet Legal Pad Building Blocks of Accounting .. A Financial Perspective FAQ FAQ 04 How does my instructor get my grade? Answer: Every time you upload your grade is recorded in a table. Your instructor can look at the table whenever they want to, although only the last grade counts. Keep a hard copy of your last upload for documentation. FAQ 05 I have entered all the transactions and have completed the worksheet however I get following message on the financial statements: "You must finish the worksheet before you can complete the ...." Answer: The worksheet demonstrates that the accounting system is working. If all of your journal entries are in balance then the Unadjusted Trial Balance and the Adjusting Entry columns will balance. The Adjusted Trial Balance columns net the Unadjusted Trial Balance and the Adjusting Entry columns. There are four steps to completing the worksheet: 1. Copy the account balances from the Adjusted Trial Balance into the either the Income Statement or the Balance Sheet columns, (debits remain debits and credits remain credits). 2. Calculate the Net Income or Net Loss by finding the difference between the revenues and expenses. 3. Calculate the Net Income or Net Loss by finding the difference between the total of the debit balances and the total of the credit balances of the accounts in the Balance Sheet columns of the worksheet. 4. Compare the two Net Incomes. If they are the same the financial statements will be displayed, otherwise there is an error in the completion of the worksheet. Page 3 Building Blocks of Accounting -- A Financial Perspective The instructions start on row 22 of this page. FIRST Luai LAST Abdellatif SS 4030 File LA4030 Welcome to the world's first ePractice case, an individualized, internet generated and graded case study that focuses on the analytically portion of the accounting cycle while automating the repetitive posting cycle. NOTE: If the program is not working e-mail markfriedman@miami.edu, 305.284.6296. Step I - The Chart of Accounts The chart of accounts includes all of the accounts that you can use to solve your case. You may want to print the chart of accounts and use it as an easy reference guide. 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: Hudson Bloom made a $40,000 cash investment in his business, Byte of Accounting. 01 Jun 01 Description C re di Name D eb it t Ac co un t D at e Tr an sa ct io n In the date field enter the date of the transaction. If you do not enter a date value an error message will appear. Cash In the account field enter the account number that corresponds to the account in the chart of accounts. 01 Jun 01 Description C re di Name D eb it t Ac co un t D at e Tr an sa ct io n 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. 1110 Cash The name of the account will automatically appear in the name column. If it is the wrong account renter the correct account number. Accounts Payable C re di Jun 01 C re di 01 1110 Cash Advertising Expense Description D eb it Jun 01 Jun 01 Name D eb it 01 01 t Ac co un t D at e Tr an sa ct io n Enter the description in the description field. Hudson's investment Hudson's investment Hudson's investment t Ac co un t D at e Tr an sa ct io n Enter the amount in the debit field. Name Description Transaction # 1 Not in Balance by $40,000. 01 01 Jun 01 Jun 01 1110 Cash Cash Hudson's investment Hudson's investment 40,000.00 t Description C re di Name D eb it Ac co un t D at e Tr an sa ct io n Enter the second account number. Transaction # 1 Not in Balance by $40,000. 01 01 Jun 01 Jun 01 1110 Cash 3100 Hudson Bloom, Capital Hudson's investment 40,000.00 Hudson's investment 01 Jun 01 t 1110 Cash 3100 Hudson Bloom, Capital Description Hudson's investment Hudson's investment C re di Name D eb it Ac co un t D at e Tr an sa ct io n Enter the amount in the credit field. 40,000.00 40,000.00 Step III - Worksheet Although not graded, you should complete the Worksheet. If each of your journal entries are in balance then your Unadjusted Trial Balance, Adjusting Entry and Adjusted Trial Balance columns will be in balance. 1. Copy the account balances from the Adjusted Trial Balance into the either the Income Statement or the Balance Sheet columns, (debits remain debits and credits remain credits). 2. Calculate the Net Income or Net Loss by finding the difference between the revenues and expenses. 3. Calculate the Net Income or Net Loss by finding the difference between the total of the debit balances and the total of the credit balances of the accounts in the Balance Sheet columns of the worksheet. 4. Compare the two Net Incomes. If they are the same the financial statements will be displayed, otherwise there is an error in the completion of the worksheet. Step IV - Prepare the Financial Statements. After you have entered all of the transactions and prepared the Worksheet, you are to prepare the Income Statement, Changes in Owners' Equity Statement and the Balance Sheet using the forms provided. Step V - Prepare the Closing Entries. Based upon the information from your Worksheet or from your Financial Statements, prepare the closing entries. Step VI - Upload the File. Whenever you want to have cybertext.com grade your work submit it to them on the bottom of the screen that you downloaded the file. Grading: You will be graded on the Journal Entries and the three financial statement. The case will be computer graded, therefore make sure all numbers are in the appropriate cells. The computer will evaluate your transactions when grading your financial statements. Note: Save and make backup copies regularly. Number Name 1110 Cash 1120 Accounts Receivable 1130 Prepaid Insurance 1140 Prepaid Rent 1150 Office Supplies 1211 Office Equip. 1212 Accum. Depr.-Office Equip. 1311 Computer Equip. 1312 Accum. Depr.-Computer Equip. 1411 Building 1412 Accum. Depr.-Building 1510 Land 2101 Accounts Payable 2102 Advanced Payments 2103 Interest Payable 2105 Salaries Payable 2106 Income Taxes Payable 2201 Mortgage Payable 2202 Notes Payable 3100 Hudson Bloom, Capital 3300 Hudson Bloom, Withdrawals 3400 Income Summary 4100 Computer & Consulting Revenue 5010 Rent Expense 5020 Salary Expense 5030 Advertising Expense 5040 Repairs & Maint. Expense 5050 Oil & Gas Expense 5080 Supplies Expense 5090 Interest Expense 5100 Insurance Expense 5110 Depreciation Expense Normal Balance Debit Debit Debit Debit Debit Debit Credit Debit Credit Debit Credit Debit Credit Credit Credit Credit Credit Credit Credit Credit Debit Credit Credit Debit Debit Debit Debit Debit Debit Debit Debit Debit Error # 1 2 4 8 16 32 64 128 256 512 1024 Message Debit And Credit On Same Line Debit Before Credit Need An Account Number Round To Two Decimal Places Need a Description Need a Date Byte of Accounting Luai Abdellatif 4282 Description of transaction Transaction June 1: Hudson Bloom invested $146,400.00 cash and computer equipment with a fair market value of 01. $36,960.00 in his new business, Byte of Accounting. 02. June 1: Check # 5000 was used to purchased office equipment costing $1,200.00 from Office Express. The invoice number was 87417. 03. June 1: Check # 5001 was used to purchased computer equipment costing $14,400.00 from Luai Abdellatif. The invoice number was 20117. June 2: Check # 5002 was used to make a down payment of $28,000.00 on additional computer 04. equipment that was purchased from Royce Computers, invoice number 76542. The full price of the computer was $140,000.00. A five-year note was executed by Byte for the balance. 05. June 4: Additional office equipment costing $500.00 was purchased on credit from Discount Computer Corporation. The invoice number was 98432. 06. June 8: Unsatisfactory office equipment costing $100.00 from invoice number 98432 was returned to Discount Computer for credit to be applied against the outstanding balance owed by Byte. 07. June 10: Check # 5003 was used to make a $21,500.00 payment reducing the prinicpal owed on the June 2 purchase of computer equipment from Royce Computers. June 14: Check # 5004 was used to purchase a one-year insurance policy covering its computer equipment 08. for $5,304.00 from Seth's Insurance. The effective date of the policy was June 16 and the invoice number was 2387. 09. June 16: A check in the amount of $6,000.00 was received for services performed for Pitman Pictures. June 16: Byte purchased a building and the land it is on for $131,000.00 to house its repair facilities and to store computer equipment. The lot on which the building is located is valued at $21,000.00. The 10. balance of the cost is to be allocated to the building. Check # 5005 was used to make the down payment of $13,100.00. A thirty year mortgage with an inital payement due on August 1st, was established for the balance. 11. June 17: Check # 5006 for$6,400.00 was paid for rent of the office space for June, July, August and September. 12. June 17: Received invoice number 26354 in the amount of $450.00 from the local newspaper for advertising. 13. June 21: Billed various miscellaneous local customers $4,800.00 for consulting services performed. 14. June 21: Check # 5008 was used to purchase a fax machine for the office from Office Machines Express for $650.00. The invoice number was 975-328. 15. June 21: Accounts payable in the amount of $400.00 were paid with Check # 5007. 16. June 22: Check # 5010 was used to pay the advertising bill that was received on June 17. 17. June 22: Received a bill for $1,140.00 from Computer Parts and Repair Co. for repairs to the computer equipment. The invoice number was 43254. 18. June 22: Check # 5009 was used to pay salaries of $910.00 to equipment operators for the week ending June 18. Ignore payroll taxes. 19. June 23: Cash in the amount of $3,845.00 was received on billings. 20. June 23: Purchased office supplies for $480.00 from Staples on account. The invoice number was 65498. 21. June 28: Billed $5,700.00 to miscellaneous customers for services performed to June 25. 22. June 29: Cash in the amount of $5,400.00 was received for billings. 23. June 29: Paid the bill received on June 22, from Computer Parts and Repairs Co with Check # 5011. 24. June 29: Check # 5012 was used to pay salaries of $910.00 to equipment operators for the week ending June 25. Ignore payroll taxes. 25. June 30: Received a bill for the amount of $940.00 from O & G Oil and Gas Co. The invoice number was 784537. 26. June 30: Check # 5013 was used to pay for airline tickets of $1,900.00 to send the kids to Grandma Ellen for the July 4th holiday. Adjusting Entries - Round to two decimal places. 27. The rent payment made on June 17 was for June, July, August and September. Expense the amount associated with one month's rent. 28. A physical inventory showed that only $191.00 worth of office supplies remained on hand as of June 30. 29. The annual interest rate on the mortgage payable was 7.00 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. Record a journal entry to reflect that one half month's insurance has expired. 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. The fixed assets have estimated useful lives as follows: Building - 31.5 years Computer Equipment - 5.0 years 32. 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 $7,500. The office equipment has a scrap value of $400. 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 $546.00 are owed by Byte for three days, June 28 - 30. Ignore payroll taxes. 34. The note payable to Royce Computers (transactions 04 and 07) 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. Closing Entries 35. Close the revenue accounts. 36. Close the expense accounts. 37. Close the income summary account. 38. Close the withdrawals account. A Byte of Accounting General Journal al Ba la nc e To t Description C re di t Name D eb it Ac co un t D at e Tr an sa ct io n Not in Balance Note:by You-$73,920.00 can only enter data into the yellow filled cells. # 1 Not in Balance by -$73,920.00 01 01 01 Jun 01 Jun 01 Jun 01 1110 Cash 1311 Computer Equip. 3100 Hudson Bloom, Capital Hudson's Investement Hudson's Investement Hudson's Investement 146,400.00 02 02 Jun 01 Jun 01 1211 Office Equip. 1110 Cash Purchased office Equip. #87417 Purchased office Equip. #87417 1,200.00 03 03 Jun 01 Jun 01 1311 Computer Equip. 1110 Cash Purchased office Equip. #20117 Purchased office Equip. #20117 14,400.00 04 04 04 Jun 02 Jun 02 Jun 02 1311 Computer Equip. 1110 Cash 2202 Notes Payable Purchased Computer Equip. #76542 Purchased Computer Equip. #76542 Purchased Computer Equip. #76542 05 05 Jun 04 Jun 04 1211 Office Equip. 2101 Accounts Payable Purchased Office Equip. #98432 Purchased Office Equip. #98432 500.00 06 06 Jun 08 Jun 08 2101 Accounts Payable 1211 Office Equip. Office equip. returned #98432 Office equip. returned #98432 100.00 07 07 Jun 10 Jun 10 2202 Notes Payable 1110 Cash Payement on notes payable Payement on notes payable 21,500.00 08 08 Jun 14 Jun 14 1130 Prepaid Insurance 1110 Cash Purchased one year policy Purchased one year policy 5,304.00 09 09 Jun 16 Jun 16 1110 Cash Revenue from services 4100 Computer & Consulting Revenue from services 10 10 10 10 Jun 16 Jun 16 Jun 16 Jun 16 1411 Building 1510 Land 1110 Cash 2201 Mortgage Payable Purch. Land and Building Purch. Land and Building Purch. Land and Building Purch. Land and Building 110,000.00 21,000.00 11 11 Jun 17 Jun 17 1140 Prepaid Rent 1110 Cash paid for rent june and july paid for rent june and july 3,600.00 12 12 Jun 17 Jun 17 5030 Advertising Expense 2101 Accounts Payable Received Adv. Expense bill #26354 Received Adv. Expense bill #26354 13 13 Jun 21 Jun 21 1120 Accounts Receivable Billed customers for service 4100 Computer & Consulting Billed customers for service 14 14 Jun 21 Jun 21 1211 Office Equip. 1110 Cash Prchased fax machine Prchased fax machine 650.00 15 15 Jun 21 Jun 21 2101 Accounts Payable 1110 Cash Paid accounts payable Paid accounts payable 400.00 16 16 Jun 22 Jun 22 2101 Accounts Payable 1110 Cash Advertising expense paid Advertising expense paid 450.00 17 17 Jun 22 Jun 22 5040 Repairs & Maint. Expens Bill received for repair and maint. #4 1,140.00 2101 Accounts Payable Bill received for repair and maint. #43254 36,960.00 183,360.00 1,200.00 14,400.00 140,000.00 28,000.00 112,000.00 500.00 100.00 21,500.00 5,304.00 6,000.00 6,000.00 13,100.00 117,900.00 3,600.00 450.00 450.00 4,800.00 4,800.00 650.00 400.00 450.00 1,140.00 146400 (36960) (183360) 0 0 0 0 0 1200 (1200) 0 0 0 0 0 0 14400 (14400) 0 0 0 0 0 0 140000 (28000) (112000) 0 0 0 0 0 500 (500) 0 0 0 0 0 0 100 (100) 0 0 0 0 0 0 21500 (21500) 0 0 0 0 0 0 5304 (5304) 0 0 0 0 0 0 6000 (6000) 0 0 0 0 0 0 110000 21000 (13100) (117900) 0 0 0 0 3600 (3600) 0 0 0 0 0 0 450 (450) 0 0 0 0 0 0 4800 (4800) 0 0 0 0 0 0 650 (650) 0 0 0 0 0 0 400 (400) 0 0 0 0 0 0 450 (450) 0 0 0 0 0 0 1140 (1140) 0 0 0 0 0 0 A Byte of Accounting General Journal Jun 22 Jun 22 5020 Salary Expense 1110 Cash Paid salary expense Paid salary expense 19 19 Jun 23 Jun 23 1110 Cash 1120 Accounts Receivable Cash received on billings Cash received on billings 20 20 Jun 23 Jun 23 1150 Office Supplies 2101 Accounts Payable Purchased off. Supplies #65498 Purchased off. Supplies #65498 21 21 Jun 28 Jun 28 1120 Accounts Receivable Billed customers for service 4100 Computer & Consulting Billed customers for service 5,700.00 22 22 Jun 29 Jun 29 1110 Cash 1120 Accounts Receivable cash received on billings cash received on billings 5,400.00 23 23 Jun 29 Jun 29 2101 Accounts Payable 1110 Cash paid bill for repairs paid bill for repairs 1,140.00 24 24 Jun 29 Jun 29 5020 Salary Expense 1110 Cash paid salary expense to equip. op. paid salary expense to equip. op. 910.00 25 25 Jun 30 Jun 30 5050 Oil & Gas Expense 2101 Accounts Payable received bill for oil and gas expense received bill for oil and gas expense 940.00 26 26 Jun 30 Jun 30 3300 Hudson Bloom, Withdrawa cash withdrew for personal use 1110 Cash cash withdrew for personal use 1,900.00 27 27 Jun 30 Jun 30 5010 Rent Expense 1140 Prepaid Rent Adjusted for rent expense Adjusted for rent expense 1,600.00 28 28 Jun 30 Jun 30 5080 Supplies Expense 1150 Office Supplies 29 29 Jun 30 Jun 30 30 30 al Ba la nc e To t Description 18 18 C re di t Name D eb it Ac co un t D at e Tr an sa ct io n Not in Balance Note:by You-$73,920.00 can only enter data into the yellow filled cells. 910.00 910 (910) 0 0 0 0 0 0 3845 (3845) 0 0 0 0 0 0 480 (480) 0 0 0 0 0 0 5700 (5700) 0 0 0 0 0 0 5400 (5400) 0 0 0 0 0 0 1140 (1140) 0 0 0 0 0 0 910 (910) 0 0 0 0 0 0 940 (940) 0 0 0 0 0 0 1900 (1900) 0 0 0 0 0 0 1600 (1600) 0 0 0 0 0 0 Adjusted for used office supplies Adjusted for used office supplies 0 0 0 0 0 0 0 0 5090 Interest Expense 2103 Interest Payable Accum. Interest on mortgage rate Accum. Interest on mortgage rate 0 0 0 0 0 0 0 0 Jun 30 Jun 30 5100 Insurance Expense 1130 Prepaid Insurance 1/2 month insurance expired 1/2 month insurance expired 0 0 0 0 0 0 0 0 31 31 Jun 30 Jun 30 1120 Accounts Receivable billings for services 4100 Computer & Consulting billings for services 5000 (5000) 0 0 0 0 0 0 32 32 32 32 Jun 30 Jun 30 Jun 30 Jun 30 5110 Depreciation Expense Adjusted for accum. Depreciation 1212 Accum. Depr.-Office EquiAdjusted for accum. Depreciation 1312 Accum. Depr.-Computer EAdjusted for accum. Depreciation 1412 Accum. Depr.-Building Adjusted for accum. Depreciation 0 0 0 0 0 0 0 0 33 33 Jun 30 Jun 30 5020 Salary Expense 2105 Salaries Payable Recorded unpaid salary expense Recorded unpaid salary expense 546 (546) 0 0 0 0 0 0 34 34 Jun 30 Jun 30 5090 Interest Expense 2103 Interest Payable Interest on notes payaple royce Interest on notes payaple royce 0 0 0 0 0 0 0 0 910.00 3,845.00 3,845.00 480.00 480.00 5,700.00 5,400.00 1,140.00 910.00 940.00 1,900.00 1,600.00 5,000.00 5,000.00 546.00 546.00 A Byte of Accounting General Journal al Ba la nc e To t Description C re di t Name D eb it Ac co un t D at e Tr an sa ct io n Not in Balance Note:by You-$73,920.00 can only enter data into the yellow filled cells. 35 35 Jun 30 Jun 30 4100 Computer & Consulting Closing revenue account 3400 Income Summary Closing revenue account 0 0 0 0 0 0 0 0 36 36 36 36 36 36 36 36 36 36 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 5010 Rent Expense Closing expense 5020 Salary Expense Closing expense 5030 Advertising Expense Closing expense 5040 Repairs & Maint. Expens Closing expense 5050 Oil & Gas Expense Closing expense 5080 Supplies Expense Closing expense 5090 Interest Expense Closing expense 5100 Insurance Expense Closing expense 5110 Depreciation Expense Closing expense 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 37 37 Jun 30 Jun 30 3400 Income Summary 3100 Hudson Bloom, Capital 0 0 0 0 0 0 0 0 38 38 Jun 30 Jun 30 3100 Hudson Bloom, Capital Adjusting withdrawal to capital 3300 Hudson Bloom, Withdrawa Adjusting withdrawal to capital 0 0 0 0 0 0 0 0 Closing the income summary acc. Closing the income summary acc. A Byte of Accounting, Inc. Worksheet For Period Ending June 30, 2017 Account Number Name 1110 Cash 1120 Accounts Receivable 1130 Prepaid Insurance 1140 Prepaid Rent 1150 Office Supplies 1211 Office Equip. 1212 Accum. Depr.-Office Equip. 1311 Computer Equip. 1312 Accum. Depr.-Computer Equip. 1411 Building Cost 1412 Accum. Depr.-Building 1510 Land 2101 Accounts Payable 2102 Advanced Payments 2103 Interest Payable 2105 Salaries Payable 2201 Mortgage Payable 2202 Notes Payable 3100 Hudson Bloom, Capital 3300 Hudson Bloom, Withdrawals 4100 Computer & Consulting Revenue 5010 Rent Expense 5020 Salary Expense 5030 Advertising Expense 5040 Repairs & Maint. Expense 5050 Oil & Gas Expense 5080 Supplies Expense 5090 Interest Expense 5100 Insurance Expense 5110 Depreciation Expense Total NET INCOME Balance ` Unadjusted Trial Balance Debit Credit 68,181.00 0.00 1,255.00 0.00 5,304.00 0.00 3,600.00 0.00 480.00 0.00 2,250.00 0.00 0.00 0.00 117,440.00 0.00 0.00 0.00 110,000.00 0.00 0.00 0.00 21,000.00 0.00 0.00 1,420.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 117,900.00 0.00 90,500.00 0.00 183,360.00 1,900.00 0.00 Adjusting Entries Debit Credit 0.00 0.00 5,000.00 0.00 0.00 0.00 0.00 1,600.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 546.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1,820.00 450.00 1,140.00 940.00 0.00 0.00 0.00 0.00 16,500.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1,600.00 546.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 5,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 335,760.00 409,680.00 7,146.00 7,146.00 Adjusted Trial Balance Debit Credit Income Statement Debit Credit Balance Sheet Debit Credit 0 A Byte of Accounting 0 Income Statement 0 For Month Ending June 30, 2017 You must finish the worksheet before you can complete the Income Statement 4100 Revenues Computer Revenue Expenses 5010 Rent Expense 5020 Salary Expense 5030 Advertising Expense 5040 Repairs & Maint. Expense 5050 Oil & Gas Expense 5080 Supplies Expense 5090 Interest Expense 5100 Insurance Expense 5110 Depreciation Expense Total Net Income 0 A Byte of Accounting Statement of Owner's Equity For Month Ending June 30, 2017 You must finish the worksheet before you can complete the Changes in Owner's Equity Total 0 0 0 Balance, Beginning of Period Investment Net Income Withdrawals Balance, End of Period 0 d A Byte of Accounting Balance Sheet As of June 30, 2017 You must finish the worksheet before you can complete the Balance Sheet Assets Current Assets 1110 Cash 1120 Accounts Receivable 1130 Prepaid Insurance 1140 Prepaid Rent 1150 Office Supplies Total Long-Term Assets 1211 Office Equip. 1212 Accum. Depr.-Office Equip. 1311 1312 Computer Equip. Accum. Depr.-Computer Equip. 1411 1412 Building Cost Accum. Depr.-Building 1510 Land Total Total Assets Liabilities 2101 2102 2103 2105 Current Liabilities Accounts Payable Advanced Payment Interest Payable Salaries Payable Total Long-Term Liabilities 2201 Mortgage Payable 2202 Notes Payable Total Total Liabilities Owner's Equity Hudson Bloom, Capital Total Liabilities and Owner's Equity