36. June 30:Income taxes are to be computed at the rate of 25 percent of net...
What's my error? Why is it out of balance use worksheet for balance sheet A Byte of Accounting, Inc. Worksheet For Period Ending June 30, 2020 Adjusting Entries Debit Credit Income Statement Debit Credit 5,750.00 Unadjusted Trial Balance Debit Credit 87,962.02 1,135.00 - 6,480.00 4,200.00 530.00 1,115.00 Balance Sheet Debit Credit 87,962.02 6,885.00 6,210.00 2,100.00 214.00 1,115.00 - 270.00 2,100.00 316.00 Adjusted Trial Balance Debit Credit 87,962.02 - 6,885.00 - 6,210.00 2,100.00 214.00 1,115.00 7.57 203,520.00 3,392.00 18,000.00 250.00 95,000.00...
Description of transaction 01. June 1: Hudson Bloom invested $164,684.00 cash and computer equipment with a fair market value of $40,560.00 in his new business, Byte of Accounting. 02. June 1: Check # 5000 was used to purchased office equipment costing $1,144.00 from Office Express. The invoice number was 87417. 03. June 1: Check # 5001 was used to purchased computer equipment costing $12,480.00 from Taylor Jones. The invoice number was 20117. 04. June 2: Check # 5002 was used...
Description of transaction June 1: Hudson Bloom invested $207,495.00 cash and computer equipment with a fair market value of $44,660.00 in his new business, Byte of Accounting. June 1: Check # 5000 was used to purchased office equipment costing $1,015.00 from Office Express. The invoice number was 87417. June 1: Check # 5001 was used to purchased computer equipment costing $12,180.00 from Aaron Reed. The invoice number was 20117. June 2: Check # 5002 was used to make a down...
income statement and balance sheet D G H. For Perlod Ending June 30, 2019 Account mer Name 110 Cash 120 Accounts Receivable 130 Prepaid Insurance 140 Prepaid Rent 150 Ofice Supplies 211 Ofice Equip. 1212 Accum. Depr-Office Equip. 1311 Computer Equp. 1312 Accum Depr Computer Equip 1411 Balding Cost 1412 Accum. Depr-Building 1510 Land 2101 Accounts Payable 2102 Advanced Payments 2103erest Payable 21051 Salanes Payable 2106income Taxes Payable 2201 Mongage Payable 2202 Notes Payable 3100 Cepital Stock 32001Ratained Eamings 33001Dvidends...
#29 says the annual interest rate on the mortgage payable was 7.00 percent. Interest expense for one-half month should be computed because the building and land were purchased and the liability incurred on June 16th. #19 says purchased office supplies for $605 on credit. Record the purchase as an increase to the assets. I only need help with #'s 27-39 Transaction Description of transaction June 1: Byte of Accounting, Inc. acquired $50,000 in cash from Lauryn and issued 2,000 shares...
Need general journal transactions for 31, 35, 36, 37, 38, and 41. Excel File Edit View Insert Format Tools Data Window Help Page Layout Formulas Data Review View AA = = = Wrap Text Home Insert R Xcut © Copy - Paste Format A x B I U Morge & Center f June 30: Check #5013 was used to pay for a cash dividend of $0.21 per share to Jeremy, a shareholder of Byt B The Computer Equipment has an...
i need help finding #32 & statement in changes of retained earnings Byte of Accounting, Inc. Description of transaction June 1: Byte of Accounting, Inc. issued 2.660 shares of its common stock to Jeremy after $29,700 in cash and computer equipment with a fair market value of $42.120 were received June 1: Byte of Accounting, Inc. issued 2.562 shares of its common stock after acquiring from Courtney $55.350 in cash, computer equipment with a fair market value of $12.960 and...
June 1: Byte of Accounting, Inc. issued 2,580 shares of its common stock to Jeremy after $30,160 in cash and computer equipment with a fair market value of $44,660 were received. June 1: Byte of Accounting, Inc. issued 1,962 shares of its common stock after acquiring from Courtney $42,050 in cash, computer equipment with a fair market value of $13,920 and office equipment with a fair value of $928. June 1: Byte of Accounting, Inc. acquired $69,600 in cash from...
ransaction Description of transaction 01. June 1: Byte of Accounting, Inc. issued 2,670 shares of its common stock to Jeremy after $31,900 in cash and computer equipment with a fair market value of $45,530 were received. 02. June 1: Byte of Accounting, Inc. issued 1,851 shares of its common stock after acquiring from Courtney $36,250 in cash, computer equipment with a fair market value of $16,240 and office equipment with a fair value of $1,189. 03. June 1: Byte of...
Prepare Journal entries(1-39) with transactions and list of accounts given Number Name 1110 Cash 1120 Accounts Receivable 1130 Prepaid Insurance 1140 Prepaid Rent 1150 Office Supplies 1211 Office Equip. 1212 Accum. Depr.-Office Equip. 1311 Computer Equip. 1312 Accum. Depr.-Computer Equip. 1411 Building Cost 1412 Accum. Depr.-Building 1510 Land 2101 Accounts Payable 2102 Advanced Payments 2103 Interest Payable 2105 Salaries Payable 2106 Income Taxes Payable 2201 Mortgage Payable 2202 Notes Payable 3100 Capital Stock 3200 Retained Earnings 3300 Dividends 3400 Income...