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Using the information below can you use the transactions below and record them in the yellow sections of the General Journal? using the transactions from
Using the information below can you use the transactions below and record them in the yellow sections of the General Journal?
using the transactions from 26-39, record them in the general journal
Byte of Accounting The Byte of Accounting Corporation (Byte) is a computer advisory consulting bussiess that works with small and midsize businesses. Business Operations: After an initial review of a new client's operations a proposal is developed by a team to improve the client's operations by the purchase of off the shelf software or more often the modification of off the shelf software. Significant Accounting Policies: The business has adopted the following accounting policies: - Fixed assets that cost less than $500.00 are expensed. - The allowance method is used to account for bad debts. When calculating depreciation, assets purchased during a month are treated as if purchased on the first day of the month. \begin{tabular}{l|l} \hline 26. & June 30: Paid a cash dividend of \$0.24 per share to the three shareholders of Byte, using Check # 60126014. [IMPORTANT NOTE: The number of shares of capital stock outstanding can be determined from the first three transactions.] \\ \hline \end{tabular} \begin{tabular}{|l|l} \hline 33. & June 30: A review of the payroll records show that unpaid salaries in the amount of $1,488.00 are \\ owed to the employees of Byte for three days, June 2830. \end{tabular} \begin{tabular}{|l|l|l|l|l|l|l|l|} \multicolumn{1}{|c|}{A} & B & C & D & E & G \\ \hline \hline 26 & & & & & & \\ \hline & & & & & & \\ \hline & & & & & & \\ \hline & & & & & & \\ \hline \end{tabular} Byte of Accounting The Byte of Accounting Corporation (Byte) is a computer advisory consulting bussiess that works with small and midsize businesses. Business Operations: After an initial review of a new client's operations a proposal is developed by a team to improve the client's operations by the purchase of off the shelf software or more often the modification of off the shelf software. Significant Accounting Policies: The business has adopted the following accounting policies: - Fixed assets that cost less than $500.00 are expensed. - The allowance method is used to account for bad debts. When calculating depreciation, assets purchased during a month are treated as if purchased on the first day of the month. \begin{tabular}{l|l} \hline 26. & June 30: Paid a cash dividend of \$0.24 per share to the three shareholders of Byte, using Check # 60126014. [IMPORTANT NOTE: The number of shares of capital stock outstanding can be determined from the first three transactions.] \\ \hline \end{tabular} \begin{tabular}{|l|l} \hline 33. & June 30: A review of the payroll records show that unpaid salaries in the amount of $1,488.00 are \\ owed to the employees of Byte for three days, June 2830. \end{tabular} \begin{tabular}{|l|l|l|l|l|l|l|l|} \multicolumn{1}{|c|}{A} & B & C & D & E & G \\ \hline \hline 26 & & & & & & \\ \hline & & & & & & \\ \hline & & & & & & \\ \hline & & & & & & \\ \hline \end{tabular} Step by Step Solution
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