Cell Styles

Data

$817$

$fx$

June $10$:

Check # $5003$ was used to make a

$$23,750\mathrm{.}00$ payment reducing the principal $0$

$\backslash$table$[[29.,\backslash$table$[[$The annual interest rate on the mortgage payable was $8$jil percent. Interest expense for one$-$half month$],[$should be computed because the building and land were purchased and the liability incurred on June $16.]]],[30.,$Record a journal entry to reflect that one half month's insurance has expired.$],[,]]$

A review of Byte's job worksheets show that there are unbilled revenues in the amount of $$5,625\mathrm{.}00$ for the

Transactions

General Journal

Worksheet

Income Statement

Changes in

Paste

Font

Allgnment

Cell Styles

Data

B$17$

$f_x$

June $10$: Check# $5003$ was used to make a $$23,750\mathrm{.}00$ payment reducing the principal ou

The note payable to Royce Computers $($transactions $04$ and $07)$ 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

$34.$ $$124\mathrm{.}000\mathrm{.}00.$ On June $10.$ eight davs later. $$23\mathrm{.}750\mathrm{.}00$ was revaid. Interest expense must be calculated on the $$124,000\mathrm{.}00$ for eight days. In addition, interest expense on the $$100,250\mathrm{.}00$ balance of the loan $($ $$124,000\mathrm{.}00$ less $$23,750\mathrm{.}00=$$$100,250\mathrm{.}00)$ must be calculated for the $20$ days remaining in the month of June.$]$

$79$

$80$

$81$

$82$

$83$

$84$

$85$

$86$

$87$

$37.$

Close the income summary account.

$35.$

Close the revenue accounts.

$36\mathrm{.}0.$

Close the expense accounts.

Transactions

General Journal

Worksheet

Income Statement

Changes in

Select destination and press ENTER or choose Paste

Do these please!

View

Insert

Format

Tools

Data

Window

Help

AutoSave

OFF

widehat$()$

E

$|--vvC|$

$...$

CC$2005$

$\backslash$table$[[$E$7,\backslash ,,,\backslash$table$[[fx,17308]],,,,,,],[2,$A$,$B$,$C$,$D$,$E$,$F$,$G$,$H$,1]]$

Revenues

Computer Revenue

$ $17\mathrm{.}308\mathrm{.}00$

Expenses

Rent Expense

Salary Expense

Advertising Expense

Repairs & Maint. Expense

Oil & Gas Expense

Supplies Expense

Interest Expense

Insurance Expense

A Byte of Accounting Income Statement

For Month Ending June $30,2024$

Depreciation Expense

Total

Net Income

$ $6,906\mathrm{.}70$

ste

Font

Alignment

Number

Format as Table

Cell Styles

Cells

Editing

$f_x$

A

B

C

D

E

F

A Byte of Accounting

Statement of Owner's Equity

For Month Ending June $30,2024$

Balance, Beginning of Period

Investment

$\backslash$table$[[$$$,171,490\mathrm{.}00$