what is wrong with this journal entry #27 & #35?
ale Home Insert Page Layout Formulas Data Review View Help Search 42 B D A Byte of Accounting, Inc. General Journal Note: You can only enter data into the yellow filled cells. Transaction Account Date Description Debit Credit 840.00 Oil and Gas Expense Oil and Gas Expense 840 00 Dividends Paid Dividends Paid 1,758 90 1,758.90 Name -5 26 25 Jun 30 5050 Oil & Gas Expense 27 25 Jun 30 1110 Cash 28 29 30 31 26 Jun 30 3300 Dividends 32 26 Jun 30 1110 Cash 33 34 35 Round to two decimal places 27 Jun 30 5010 Rent Expense 37 27 Jun 30 1140 Prepaid Rent 138 139 140 141 28 Jun 30 5080 Supplies Expense 142 28 Jun 30 1150 Office Supplies 143 144 27 Not in Balance by 5.001 Rent Expense Recognised Round To Two Decimal Places 2,500.00 2,500.00 316.00 Supplies Expense Supplies Expense 316.00 145 29 29 323.00 Jun 30 Jun 30 5090 Interest Expense 2103 Interest Payable Interest Adjustment Interest Adjustment 323.00 146 147 148 149 150 151 152 153 30 30 Jun 30 Jun 30 5100 Insurance Expense 1130 Prepaid Insurance 242.00 Insurance Adjustment Insurance Adjustment 242.00 4 Transactions General Journal Worksheet Inc... Ready 51 do 10:45 PM 10/20/2020 Adjusting Entries - Round to two decimal places. 27. The rent payment made on June 17 was for June, July and August. Expense the amount associated with one month's rent. equal annual installments beginning July 1. 11. June 17: Cash of $7,500 was paid for rent for June, July and August. Put the total amount into the Prepaid Rent account. TURA 1. Disadh:11 af 6475 from the lanar fararteinn 35. Income taxes are to be computed at the rate of 25 percent of net income before taxes. [IMPORTANT NOTE: Since the income taxes 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 balances which you can then transfer to the appropriate financial statement.] AutoSave OR MG1952.xlsx - Excel Morgan Grant MG Home Insert Page Layout Formulas Data Review View Help Search 136 Rent Expense Recognised B D A Byte of Accounting, Inc. General Journal Note: You can only enter data into the yellow filled cells. Transaction Account Name 5020 Salary Expense 2105 Salaries Payable Debit 33 33 Credit Description Salary Expense Salary Expense 546.00 3 546.00 1 2 3 34 34 Jun 30 Jun 30 5090 Interest Expense 2103 Interest Payable Interest Adjustment Interest Adjustment 1,160.67 1,160.67 3 35 35 Jun 30 Jun 30 #35 Not in Balance by $2,546.00 5120 Income Tax Expense Income Tax Expense 2106 Income Taxes Payable Income Tax Expense 2,828.95 282.95 3 36 36 Jun 30 Jun 30 24,040.00 4100 Computer & Consulting Closing Revenue 3400 Income Summary Closing Revenue 24,040.00 3 3 5 15,553.15 3 9 3 37 37 37 37 37 37 37 37 37 Jun 30 Jun 30 Jun 30 Jun 30 Jun 30 Jun 30 Jun 30 Jun 30 Jun 30 Transactions 3400 Income Summary Closing Expense 5010 Rent Expense Closing Expense 5020 Salary Expense Closing Expense 5030 Advertising Expense Closing Expense 5040 Repairs & Maint. Expe Closing Expense 5050 Oil & Gas Expense Closing Expense 5080 Supplies Expense Closing Expense 5090 Interest Expense Closing Expense 5100 Insurance Expense Closing Expense General Journal Worksheet Inc... 2,500.00 2,366.00 475.00 1.190.00 840.00 316.00 1.484 20 242.00 3 1 100 11:27 PM 10/20/2020
