Using the transactions from pictures 1-3, fill out the general journal worksheet, the balance sheet, the income statement, and the retained earnings.

Byte of Accounting, Ine. 09. June 16: A check in the amount of 56,000 was received for consilting revenue. June 16: Byle purchased a building and the land it is oe for $143.000, to house its repair facilities and to store compuer equipment. The lot on which the building is located is valued at 10. \$23,000. The bulanee of the cost is to be allocated to the building. Byte made a cash down payment of $14,300 and evecurted a mortgege for the balance. The mortgage is payable in eight equal annuil installments beginning July 1 . 11. June 17: Cash of $8,000 was paid for rent for June, July. Angest and September. Put the total amount into the Propaid Rent acoount. 12. June 17: Received a bill of $450 from the local newspuper for advertising. 13. June 21: Accounts payable in the amount of 5320 were paid. 14. June 21: A fax machine for the office was partused for 5750 cash. Byte of Accounting, Inc. Emanuel Marrero 2640 19. June 23: Purchased office supplies for $480 on credit. Record the purchase as an increase to the 20. June 23: Cash in the amount of $3,845 was received on billings. 21. June 28: Billed $5,910 to miscellaneous customers for services performed to June 25 . 22. June 29: Paid the bill received on June 22, from Computer Parts and Repairs Co. 23. June 29: Cash in the amount of $5,600 was received for billings. \begin{tabular}{l|ll} 24. & June 29: Paid salaries of $860 to equipment operators for the week ending June 25. \end{tabular} 25. June 30: Received a bill for the amount of $940 from O \& G Oil and Gas Co. June 30: Paid a cash dividend of 50.21 per share to the three shareholders of Byte. 26. [IMPORTANT NOTE: The number of shares of capital stock outsianding can be determined from the first three transactions.] 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. The annual interest rate on the mortgage payable was 8.00 percent. Interest expense for one-half month should be computed because the building and land were purchased and the liability incurred on June 16. \begin{tabular}{l|l} 30. & InformationrelatingtotheprepaidinsurancemaybeobtainedfromthetransactionrecordedonJune14.Expensetheamountassociatedwithonehalfmonthsinsurance. \end{tabular} Byte of Accounting, Inc. Emanucl Marreto 2640 \begin{tabular}{|l|l|} \hline Transaction & Description of transaction \\ \hline \end{tabular} 31. A review of Byte's job wotksheets show that there are unbilled revenues in the amount of 55,500 for the period of June 2830. 32. The fixed assets have estimated useful lives as follows: Building - 31.5 years Computer Equipment - 5.0 years Oftice 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 finst day of the month. The bailding's scrap value is $8.500. The office equipment has a scrap value of $300. The computer equipment has no scrap valie. Calculate the depreciation for one month. 33. A review of the payroll records show that unpaid salaries in the amount of $516.00 are owed by] Byte for three days, Jine 2830. 34. The note nayable relating to the June 2, and 10 transsctions is a five-year note, with interest at the rate of 12 percent annually. Intenest expense should be coamputat hased on a 360 day year. [IMPORTANT NOTE: The original note on the computer cquipment purchased on June 2 was $128,000. On June 10, cight dwys later. $24.500 was repaid. Interest expense must be calculated on the $128,000 for eight day5. In addition, interes expense on the $103.500 balance of the loan ($128,000 les5 $24,500=$103,500) mast be calculated for the 20 days remaining in the month of June.) 35. Income taxes are to be computed at the rite of 25 pereent of net income before taxes [IMPORTANT NOTE: Since the income taves 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 balanoes which you can then transfer to the appropriate financial statement.] Closing Entries 36. Close the revenus accounts. 37. Close the expense accounts. 38. Close the income summary account. 39. Close the dividends account. A Byte of Accounting, Inc. General Journal Note: You can only enser data into the yeliow filled c4t4 A Byte of Accounting, Inc. General Journal Note: You can only enter dats into the yellow fillif celle. A Byte of Accounting, Inc. General Journal Note: You cas only enter data into the yellow filled celts. A Byte of Accounting, Inc. General Journal Note: You can only enter data into the yellow filled cells. A Byte of Accounting, Inc. Worksheet For Period Ending June 1, 2023 A Byte of Accounting, Inc. Balance Sheet As of June 1, 2023 Assets Current Assets Cash Accounts Receivable Prepaid Insurance Prepaid Rent Office Supplies Total Long-Term Assets Office Equip. Accum. Depr.-Office Equip. Computer Equip. Accum. Depr-Computer Equip. Building Cost Accum. Depr.-Bulding Land Total Total Assets Liabilities Current Liabilities Accounts Payable Advanced Payment Interest Payable Salaries Payable Income Taxes Payable Total Long-Term Liabilities Mortgage Payable Notes Payable Total Total Lisbilaies Stockholder's Equity Capital Stock Retained Earnings Total Total Llabilities and Stockholder's Equity A Byte of Accounting, Inc. Balance Sheet As of June 1, 2023 Assets Curront Assets Cash Accounts Recolvable Prepaid Insurance Propaid Fent Office Supphies Total Long-Term Assets OTice Equip Accum. Depr-Oflice Equip. Computer Equip. Accum, Depr-Computer Equip. Building Cost Accum. Depr-Building Land Total Total Assots Liabilities Current Liabilities Accounts Payable Advanced Payment Interest Payable Salanes Payable Income Taxes Payable Total Long-Term Liabilities Mortgage Payable Notes Payable Total Total Liabilities Stockholder's Equity Capital Stock Retained Earnings Total Total Liabilities and Stockholder's Equity A Byte of Accounting, Inc. Income Statement For Month Ending June 1, 2023 A Byte of Accounting, Inc. Statement of Changes in Retained Earnings For Month Ending June 1, 2023 Byte of Accounting, Ine. 09. June 16: A check in the amount of 56,000 was received for consilting revenue. June 16: Byle purchased a building and the land it is oe for $143.000, to house its repair facilities and to store compuer equipment. The lot on which the building is located is valued at 10. \$23,000. The bulanee of the cost is to be allocated to the building. Byte made a cash down payment of $14,300 and evecurted a mortgege for the balance. The mortgage is payable in eight equal annuil installments beginning July 1 . 11. June 17: Cash of $8,000 was paid for rent for June, July. Angest and September. Put the total amount into the Propaid Rent acoount. 12. June 17: Received a bill of $450 from the local newspuper for advertising. 13. June 21: Accounts payable in the amount of 5320 were paid. 14. June 21: A fax machine for the office was partused for 5750 cash. Byte of Accounting, Inc. Emanuel Marrero 2640 19. June 23: Purchased office supplies for $480 on credit. Record the purchase as an increase to the 20. June 23: Cash in the amount of $3,845 was received on billings. 21. June 28: Billed $5,910 to miscellaneous customers for services performed to June 25 . 22. June 29: Paid the bill received on June 22, from Computer Parts and Repairs Co. 23. June 29: Cash in the amount of $5,600 was received for billings. \begin{tabular}{l|ll} 24. & June 29: Paid salaries of $860 to equipment operators for the week ending June 25. \end{tabular} 25. June 30: Received a bill for the amount of $940 from O \& G Oil and Gas Co. June 30: Paid a cash dividend of 50.21 per share to the three shareholders of Byte. 26. [IMPORTANT NOTE: The number of shares of capital stock outsianding can be determined from the first three transactions.] 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. The annual interest rate on the mortgage payable was 8.00 percent. Interest expense for one-half month should be computed because the building and land were purchased and the liability incurred on June 16. \begin{tabular}{l|l} 30. & InformationrelatingtotheprepaidinsurancemaybeobtainedfromthetransactionrecordedonJune14.Expensetheamountassociatedwithonehalfmonthsinsurance. \end{tabular} Byte of Accounting, Inc. Emanucl Marreto 2640 \begin{tabular}{|l|l|} \hline Transaction & Description of transaction \\ \hline \end{tabular} 31. A review of Byte's job wotksheets show that there are unbilled revenues in the amount of 55,500 for the period of June 2830. 32. The fixed assets have estimated useful lives as follows: Building - 31.5 years Computer Equipment - 5.0 years Oftice 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 finst day of the month. The bailding's scrap value is $8.500. The office equipment has a scrap value of $300. The computer equipment has no scrap valie. Calculate the depreciation for one month. 33. A review of the payroll records show that unpaid salaries in the amount of $516.00 are owed by] Byte for three days, Jine 2830. 34. The note nayable relating to the June 2, and 10 transsctions is a five-year note, with interest at the rate of 12 percent annually. Intenest expense should be coamputat hased on a 360 day year. [IMPORTANT NOTE: The original note on the computer cquipment purchased on June 2 was $128,000. On June 10, cight dwys later. $24.500 was repaid. Interest expense must be calculated on the $128,000 for eight day5. In addition, interes expense on the $103.500 balance of the loan ($128,000 les5 $24,500=$103,500) mast be calculated for the 20 days remaining in the month of June.) 35. Income taxes are to be computed at the rite of 25 pereent of net income before taxes [IMPORTANT NOTE: Since the income taves 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 balanoes which you can then transfer to the appropriate financial statement.] Closing Entries 36. Close the revenus accounts. 37. Close the expense accounts. 38. Close the income summary account. 39. Close the dividends account. A Byte of Accounting, Inc. General Journal Note: You can only enser data into the yeliow filled c4t4 A Byte of Accounting, Inc. General Journal Note: You can only enter dats into the yellow fillif celle. A Byte of Accounting, Inc. General Journal Note: You cas only enter data into the yellow filled celts. A Byte of Accounting, Inc. General Journal Note: You can only enter data into the yellow filled cells. A Byte of Accounting, Inc. Worksheet For Period Ending June 1, 2023 A Byte of Accounting, Inc. Balance Sheet As of June 1, 2023 Assets Current Assets Cash Accounts Receivable Prepaid Insurance Prepaid Rent Office Supplies Total Long-Term Assets Office Equip. Accum. Depr.-Office Equip. Computer Equip. Accum. Depr-Computer Equip. Building Cost Accum. Depr.-Bulding Land Total Total Assets Liabilities Current Liabilities Accounts Payable Advanced Payment Interest Payable Salaries Payable Income Taxes Payable Total Long-Term Liabilities Mortgage Payable Notes Payable Total Total Lisbilaies Stockholder's Equity Capital Stock Retained Earnings Total Total Llabilities and Stockholder's Equity A Byte of Accounting, Inc. Balance Sheet As of June 1, 2023 Assets Curront Assets Cash Accounts Recolvable Prepaid Insurance Propaid Fent Office Supphies Total Long-Term Assets OTice Equip Accum. Depr-Oflice Equip. Computer Equip. Accum, Depr-Computer Equip. Building Cost Accum. Depr-Building Land Total Total Assots Liabilities Current Liabilities Accounts Payable Advanced Payment Interest Payable Salanes Payable Income Taxes Payable Total Long-Term Liabilities Mortgage Payable Notes Payable Total Total Liabilities Stockholder's Equity Capital Stock Retained Earnings Total Total Liabilities and Stockholder's Equity A Byte of Accounting, Inc. Income Statement For Month Ending June 1, 2023 A Byte of Accounting, Inc. Statement of Changes in Retained Earnings For Month Ending June 1, 2023