Will someone please help me with these journal entries?

pboard Font The fixed assets have estimated useful lives as follows: Byte of Accounting, Inc. Kylee Table 6118 saction Description of transaction 01. June 1: Byte of Accounting, Inc. acquired $57 200 in cash from Lauryn and issued 2,200 shares of its common stock 02 June 1: Byte of Accounting, Inc. issued 2,570 shares of its common stock to Kylee Little after $27 300 in cash and computer equipment with a fair market value of $39,520 were received 03 June 1: Byte of Accounting, Inc. issued 2,633 shares of its common stock after acquiring from Courtney S53,300 in cash, computer equipment with a fair market value of $14,560 and office equipment with a fair value of $598 04. June 2: A down payment of $35.000 in cash was made on additional computer equipment that was purchased for $175,000. A five-year note was executed by Byte for the balance. 05 June 4: Additional office equipment costing $500 was purchased on credit from Discount Computer Corporation 06 June 8: Unsatisfactory office equipment costing $100 was returned to Discount Computer for credit to be applied against the outstanding balance owed by Byte. 07. June 10: Byte paid $26.750 on the balance it owed on the June 2 purchase of computer equipment 08 June 14: A one-year insurance policy covering its computer equipment was purchased by Byte for 56,312 in cash The effective date of the policy was June 16. 19 20 21 22 09 June 16: A check in the amount of $6.750 was received for consulting revenue June 16: Byte purchased a building and the land it is on for $113,000, to house its repair facilities and to store computer equipment. The lot on which the building is located is valued at $18.000 Welcome Chart of Accounts Transactions General Journal Worksheet income Statement 08 June 14: A one-year insurance policy covering its computer equipment was purchased by Byte for 56312 in cash. The effective date of the policy was June 16. 09. Jme 16: A check in the amount of $6,750 was received for consulting revenue. 10. June 16: Byte purchased a building and the land it is on for $113,000, to house its repair facilities and to store computer equipment. The lot on which the building is located is valued at $18,000 The balance of the cost is to be allocated to the building. Byte made a cash down payment of $11,300 and executed a mortgage for the balance. The mortgage is payable in eight equal anal installments beginning July 1. 11. Jue 17: Cash of $6.400 was paid for rent for June July August and September. Put the total amount into the Prepaid Rent account 5 12 June 17: Received a bill of $375 from the local newsfiber for advertising 7 8 13 June 21: Accounts payable in the amount of $400 were paid 9 30 June 21: A fax machine for the office was purchased for $675 cash 31 32 15 June 21: Billed various miscellaneous local customers $4,100 for consulting services performed 33 34 35 36 16 June 22: Paid salaries of $1.010 to equipment operators for the week ending June 18 17. June 22: Received a bill for $1,315 from Computer Parts and Repair Co. for repairs to the computer equipment 37 38 39 40 18 June 22: Paid the advertising bill that was received on June 17, 19 June 23: Purchased othce supplies for $680 on credit. Record the purchase as an increase to the assets 41 42 20 June 23: Cash in the amount of $3,285 was received on billings 14 . Welcome Chart of Account Transactions Gee jou Worksheet income Statement i 03 Page Layout Foto Tata Revit Tel me what to do Times New Roma - 12 General Pante A- Merge Center $ Eg Copy Format Painter Clipboard Font Alignment 369 The fixed assets have estimated useful lives as follows: A 20 June 23: Cash in the amount of $3,285 was received on billings 43 44 21 June 28: Billed 5,805 to miscellaneous customers for services performed to June 25. 45 46 22 June 29. Paid the bill received on June 22, from Computer Parts and Repairs Co 47 48 23 June 29. Cash in the amount of $5,500 was received for billings 49 50 24. June 29. Paid salaries of $1,010 to equipment operators for the week ending June 25 51 52 53 54 25. June 30: Received a bill for the amount of $865 from O&GO and Gas Co. 26 June 30 Paid a cash dividend of $0.20 per share to the three shareholders of Byte [IMPORTANT NOTE: The number of shares of cardstock outstanding can be determined from the first three transactions 56 57 56 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 59 50 28 A physical inventory showed that only $281.00 worth of office supplies remained on hand as of June 30 51 02 29 The annual interest rate on the mortgage payable was 9.00 percent. Interest expense for one half mooth should be computed because the building and land were purchased and the ability incurred on June 16 63 56 30 Information relating to the prepaid insurance may be obtained from the transaction recorded on June 14. Expense the amount associated with one half month's insurance 65 66 31 A review of Byte's job worksheets show that there are billed revenues in the mount of 59.250 for the period of June 28.30 58 19 TO 32 The fixed assets lave estimated useful lives as follows Budi 31.5 Yht Chart of Account Transaction Warsteet income statement Changes O 03 Times New Roma - 12-AA Pade Copy Format Puintes 5 Clipboard Font Alignment 869 The fixed assets have estimated useful lives as follows A 31. A review of Byte's job worksheets show that there are unbilled revenues in the amount of S9 250 for the period of June 28-30 67 32 70 71 72 The fixed assets have estimated useful lives as follows: Building - 31. 5 years Computer Equipment - 50 years Office Equipment 70 years Use the straight line method of depreciation Management has decided that assets purchased during a mooth are treated as if purchased on the first day of the month The building's scrap value is $8,000. The office equipment has a scrap value of $450. The computer equipment has no scrap valoe Calculate the depreciation for one month 73 74 33. A review of the payroll records show that paid salaries in the amount of 5606.00 are owed by Byte for three days, June 28 - 30. 75 76 77 78 The note payable relating to the me 2. and 10 transactions is a five-year note, with interest at the rate of 12 percent annually. Interest expense should be computed based on a 360 day year [IMPORTANT NOTE: The original note on the computer equipment purchased on June 2 was 140,000. On June 10, eight days Inter, $26.750 was repaid. Interest expense must be calculated on the $140,000 for eight days. In addition, interest expense on the $113,250 balance of the lonn ($140,000 less $26.750 = $113,250) must be calculated for the 20 days remaining in the month of June. 79 30 81 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 53 64 Closing Entries 85 G 36 Close the teenue accounts B7 37 Clone the expense accounts 89 chart of Account Transactions General Journal Worksheet Changes FF O