Question

11.	June 17: Cash of $9,600 was paid for rent for June, July, August and September. Put the total amount into the Prepaid Rent account.
12.	June 17: Received a bill of $450 from the local newspaper for advertising.
13.	June 21: Billed various miscellaneous local customers $4,100 for consulting services performed.
14.	June 21: A fax machine for the office was purchased for $775 cash.
15.	June 21: Accounts payable in the amount of $400 were paid.
16.	June 22: Paid the advertising bill that was received on June 17.
17.	June 22: Received a bill for $1,190 from Computer Parts and Repair Co. for repairs to the computer equipment.
18.	June 22: Paid salaries of $835 to equipment operators for the week ending June 18.
19.	June 23: Cash in the amount of $3,285 was received on billings.
20.	June 23: Purchased office supplies for $605 on credit. Record the purchase as an increase to the assets.
21.	June 28: Billed $5,490 to miscellaneous customers for services performed to June 25.
22.	June 29: Cash in the amount of $5,201 was received for billings.
23.	June 29: Paid the bill received on June 22, from Computer Parts and Repairs Co.
24.	June 29: Paid salaries of $835 to equipment operators for the week ending June 25.
25.	June 30: Received a bill for the amount of $840 from O & G Oil and Gas Co.
26.	June 30: Paid a cash dividend of $0.17 per share to the three shareholders of Byte. [IMPORTANT NOTE: The number of shares of capital stock outstanding can be determined from the first three transactions.]

Answer 1

Transaction	Date	Account Titles	Debit	Credit
			$	$
11.	June 17	Prepaid Rent	9,600
		Cash		9,600
12.	June 17	Advertising Expense	450
		Accounts Payable		450
13.	June 21	Accounts Receivable	4,100
		Computer and Consulting Revenue		4,100
14.	June 21	Office Equipment	775
		Cash		775
15.	June 21	Accounts Payable	400
		Cash		400
16.	June 22	Accounts Payable	450
		Cash		450
17.	June 22	Repairs and Maintenance	1,190
		Accounts Payable		1,190
18.	June 22	Salaries Expense	835
		Cash		835
19.	June 23	Cash	3,285
		Accounts Receivable		3,285
20.	June 23	Office Supplies	605
		Accounts Payable		605
21.	June 28	Accounts Receivable	5,490
		Computer and Consulting Revenue		5,490
22	June 29	Cash	5,201
		Accounts Receivable		5,201
23	June 29	Accounts Payable	1,190
		Cash		1,190
24.	June 29	Salaries Expense	835
		Cash		835
25	June 30	Oil and Gas Expense	840
		Accounts Payable		840
26.	June 30	Dividends	1,108.57
		Cash		1,108.57