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Transaction Description of transaction 1 6 . X June 2 2 : Paid the advertising bill that was received on June 1 7 . (
Transaction
Description of transaction
X June : Paid the advertising bill that was received on June
June : Received a bill for from Computer Parts and Repair Co for repairs to the
June : Paid salaries of $ to equipment operators for the week ending June
June : Cash in the amount of $ was received on billings.
June : Purchased office supplies for $ on credit. Record the purchase as an increase to the
June : Billed $ to miscellaneous customers for services performed to June
June : Cash in the amount of $ was received for billings.
June : Paid the bill received on June from Computer Parts and Repairs Co
June : Paid salaries of $ to equipment operators for the week ending June
June : Received a bill for the amount of $ from O & G Oil and Gas Co
June : Paid a cash dividend of $ per share to the three shareholders of Byte. IMPORTANT NOTE: The number of shares of capital stock outstanding can be determined from the first three transactions.
Adjusting Entries Round to two decimal places. The rent payment one month's rent. A physical inventory showed that only $ worth of office supplies remained on hand as of June
month should be computed because the building and land were purchased and the liability incurred on
Information relating to the prepaid insurance may be obtained from the transaction recorded on June Expense the amount associated with one half month's insurance.
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tableTransactionDescription of transactiontableA revicw of Byte's job worksheets show that there are unbilled revenues in the antuint or osfor the period of June tableThe fixed assets have estimated useful lives as follows:Building yearsComputer Equipment yearsOffice Equipment yearsUse the straightline method of depreciation. Management has decided that assets purchasedduring a month are treated as if purchased on the first day of the month. The building's scrapvalue is $ The office equipment has a scrap value of $ The computer equipment hasno scrap value. Calculate the depreciation for one month.tableA review of the payroll records show that unpaid salaries in the amount of $ are owed byByte for three days, June
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