record each transaction to a general ledger

File Home Insert Page Layout Formulas Data Review View Help Times New Roman 12 ' A A a Wrap Text Custom Normal 2 2 2 Normal 23 LLL LL X Cut LECopy Format Painter Paste BIU A Bad Good $ % V CA 40 00 000 Insert Delete Merge & Center | 2011 y Normal 2 Normal 2 2 Conditional Format as Normal fix... Normal Formatting Table Styles Clipboard Font Alignment Number Cells B29 X f December 3: Byte purchased a Ricoh Color Copier for $5,100.00. The invoice number was 61298. Byte paid 10% in cash and signed a three-year note for the remaining balance. Interest at a rate of 6% a yea A D D E F G H H 1 1 J L M M B December 30: Byte received a $9,965.00 check from ordered which will be delivered in January. Corporation for merchandise 33. 91 92 93 Christian Wolff, Byte's CPA, indicated that the previous bookkeeper was not very good. The CPA prepared a bank reconciliation and discovered that the bookkeeper neglected to record the bond issued on January 1 of this year and neglected the recording of the interest payment on June 30. Since Byte does not make entries into "closed" periods, record the entries as of December 31. 94 95 34. December 31: On January 1, Byte received $182,646.30 when they issued a $170,000.00, 7%, ten-year bond. Interest is to be paid semiannually on June 30 and December 31. The market rate was 6%. This entry was never recorded. 96 97 35. December 31: Check # 5367 was issued on June 30 for the timely interest payment for the bond. Record the entry using the effective interest method. This entry was never recorded. 98 99 36. December 31: Check # 6011 was issued on December 31st for the timely interest payment for the bond. Record the entry using effective-interest method. 100 101 A. Post your journal entries to the general ledger and prepare the Unadjusted Trial Balance as of December 31 st. 102 103 104 B. Make sure your work is correct by uploading your file. 105 106 107 108 109 110