Transaction Description of tranisaction 01. June 1: Hudson Bloom invested $156,552.00 cash and compiner cowipnont with a aup narket value of $35,520.00 in his new business, Byte of Accounting 02. June 1: Check #5000 was used to purchased computer equippient costing 14 , 400.00 fom Mouses Jimenez. The invoice number was 20117. 03. June 1: Check # 5001 was used to purchased office equipment costing 556200 from 0 filice 9 Express. The invoice number was 87417. June 2: Check # 5002 was used to make a down payment of 533.000.00 on additional computer 04. equipment that was purchased from Royce Computers, inyoice number 76542 . The fall price of the computer was $165,000.00. A five-year note was erecula by By ye for the balance. 11 12 June 4: Additional office equipment costing $50000w wis purchased on credit from Discount 05. Computer Corporation. The invoice number was 98432 06. June 8: Unsatisfactory office equipment costing $10000 fom invoice number 98432 was refurned 26. to Discount Computer for credit to be applied agains the outstancing balance owed by Byte: 15 07. June 10: Check # 5003 was used to make a 525,25000 paymen reducing the principal 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 for $5,976.00 from Seth's Insurance. The effective date of the policy was June 16 and 08. equipment for $5,976.00 from 09. June 16: A check in the amount of $7,250.00 was recerived for services performed for Pitman Pictures. June 16: Byte purchased a building and the land it is son for $101 t.o00.00 to house its repair facilities The balance of the cost is to be allocated to the truiltings f humphing fis located is valued at $16,000.00. payment of $10,100.00. A thirty year morigage wiith an jinitif hayement the on August 1st, was established for the balance. f. June 1: cheok # 5001 was used to purchased office equipment costing $552.00 from Offic A B. and to store computer equipment. The lot on which the building is located is valued at $16,000.00. 10. The balance of the cost is to be allocated to the building. Check #5005 was used to make the down payment of $10,100.00. A thirty year mortgage with an inital payement due on August 1st, was established for the balance. 11. June 17: Check = 5006 for $6,000.00 was paid for rent of the office space for June, July and August. 12. June 17: Received invoice number 26354 in the amount of $425.00 from the local newspaper for advertising. 13. June 21: Accounts payable in the amount of $400.00 were paid with Check # 5007 14. June 21: Cheok 4500 was used to purchase a fax machine for the office from Office Machines Bxpress for $875.00 The invoice number was 975328 15. June 21: Biled various miscellaneous local customers $4,700.00 for consulting services performed. 16. June 22. Check ; 5009 was used to pay salaries of $910.00 to equipment operators for the week ending June 18. Ignore paymoll taxes. 17. June 22. Received a billfor \$1,265.00 from Computer Parts and Repair Co. for repairs to the computer equipment thie involce number was 43254. 18. June 22: Check 5010 was usod to pay the advertising bill that was received on June 17. 19. June 23: Purchased office sapplie por 480.00 from Staples on account. The invoice number was 65498. 20. June 23: Cash in the amowint of 53.765. . was received on billings. 21. June 28: Billed \$5.595 00 to musoullaneow customers for services performed to June 25. 23. June 29: Cash in the anown of 35.30000 was received for billings. =B Instructions FAO General Journal Work 23. June 29: Cash in the amount of $5,300.00 was received for billings. 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 \$1.015.00 from O& G Oil and Gas Co. The invoice number was 784537. 26. June 30: Oheck # 5013was used to pay for airline tickets of $1,800.00 to send the kids to Grandma Bllen for the July 4 th holiday. Adjusting Eatries - Round to two decimal places. 27. The reat payment made on June i7 was for June, July and August. Expense the amount associated with one month's rent. 28. Aphysical inventory showed that only $191.00 worth of office supplies remained on hand as of Jane 30. The annual intces t ate on the motgage payable was 8.00 percent. Interest expense for one-half 29. month stould be computed because the building and land were purchased and the liability incurred on june 16 30. Record a jouma eatiy to teflect that one haff month's insurance has expired. 31. A review of Byte job workhocts show that there are unbilled revenues in the amount of $9,250.00 for the pariod of June 28.30. The fixed assets have estimated usefuil lives as follows: Building - 31.5 years Computer Equipment- 5.0 years 32. Office Equipment - 7.0 years Use the straight-line method of depeciation. Manazement has decided that assets purchased during a month are treated as if purchisiod on the first day of the month. The building's scrap value is $7,500.00. The office equipment has a scip vatue of $350.00. The computer equipment has no scrap value. Calculate the depresis tising for one month. 33. A review of the paypoll reorords show that wapaid salaries in the amount of $546.00 are owed by Byte for three days Joune 28 -30. Lenore payroll taxes. The note payable to Roscef 0 omputers ( ofansactions 04 and 07 is a five-year note, with interest at + fit Lune li Check A 5001 was used to purchased office equipment costing $552.00 from Offic