01. June 1: Hudson Bloom invested $120,208.00 cash and computer equipment with a fair market value of $33,220.00 in his new business, Byte of Accounting.

02. June 1: Check # 5000 was used to purchased computer equipment costing $10,560.00 from Kelsey Ramos. The invoice number was 20117.

03. June 1: Check # 5001 was used to purchased office equipment costing $968.00 from Office Express. The invoice number was 87417.

04. June 2: Check # 5002 was used to make a down payment of $35,000.00 on additional computer equipment that was purchased from Royce Computers, invoice number 76542. The full price of the computer was $175,000.00. A five-year note was executed by Byte for the balance.

05. June 4: Additional office equipment costing $600.00 was purchased on credit from Discount Computer Corporation. The invoice number was 98432.

06. June 8: Unsatisfactory office equipment costing $120.00 from invoice number 98432 was returned to Discount Computer for credit to be applied against the outstanding balance owed by Byte.

07. June 10: Check # 5003 was used to make a $26,750.00 payment reducing the prinicpal owed on the June 2 purchase of computer equipment from Royce Computers.

08. June 14: Check # 5004 was used to purchase a one-year insurance policy covering its computer equipment for $5,136.00 from Seth's Insurance. The effective date of the policy was June 16 and the invoice number was 2387.

09. June 16: A check in the amount of $8,250.00 was received for services performed for Pitman Pictures.

10. June 16: Byte purchased a building and the land it is on for $125,000.00 to house its repair facilities and to store computer equipment. The lot on which the building is located is valued at $20,000.00. The balance of the cost is to be allocated to the building. Check # 5005 was used to make the down payment of $12,500.00. A thirty year mortgage with an inital payement due on August 1st, was established for the balance.

11. June 17: Check # 5006 for$8,400.00 was paid for rent of the office space for June, July, August and September.

12. June 17: Received invoice number 26354 in the amount of $450.00 from the local newspaper for advertising.

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Transaction	Date	Account	Name	Description	Debit	Credit
01	Jun 01