01. June 1: Lauryn made an investment in Byte of Accounting, Inc. by purchasing 4,150 shares of its common stock for $149,400 cash. The par value of the common stock was $22 per share.

02. June 1: Erin Richards made an investment in Byte of Accounting, Inc., by purchasing 2,540 shares of its common stock paying $37,080 in cash and by contributing computer equipment with a fair market value of $54,360. The par value of the common stock was $22 per share.

03. June 1: Courtney made an investment in Byte of Accounting, Inc., by purchasing 606 shares of its common stock by contributing computer equipment with a fair market value of $20,880 and office equipment with a fair value of $936. The par value of the common stock was $22 per share.

04. June 2: Check # 5002 was used to make a down payment of $29,000.00 on additional computer equipment that was purchased from Royce Computers, invoice number 76542. The full price of the computer was $145,000.00. A five-year note was executed by Byte for the balance.

05. June 4: Additional office equipment costing $700.00 was purchased on credit from Discount Computer Corporation. The invoice number was 98432.

06. June 8: Unsatisfactory office equipment costing $140.00 from invoice number 98432 was returned to Discount Computer for credit to be applied against the outstanding balance owed by Byte.

07. June 8: Purchased office supplies for $1,900.00 from Staples on account. The invoice number was 61298. Included in the purchase was 10 units of Super RoutePro at a cost of $30.00 each.

08. June 10: Check # 5003 was used to make a $22,250.00 payment reducing the prinicpal owed on the June 2 purchase of computer equipment from Royce Computers.

09. 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.

10. June 16: Checks in the amount of $8,510.00 were received for services performed for cash customers.

11. June 16: Byte purchased a building and the land it is on for $101,000.00 to house its repair facilities and to store computer equipment. The lot on which the building is located is valued at $16,000.00. The balance of the cost is to be allocated to the building. Check # 5005 was used to make the down payment of $10,100.00. A thirty year mortgage with an inital payement due on August 1st, was established for the balance.

12. June 17: Check # 5006 for $6,300.00 was paid for rent of the office space for June, July and August.

13. June 17: Received invoice number 26354 in the amount of $425.00 from the local newspaper for advertising.

14. June 21: Accounts payable in the amount of $560.00 were paid with Check # 5007.

15. June 21: Check # 5008 was used to purchase a fax machine for the office from Office Machines Express for $875.00. The invoice number was 975-328.

16. June 21: Billed various miscellaneous local customers $4,200.00 for consulting services performed.

17. June 22: Check # 5009 was used to pay salaries of $885.00 to equipment operators for the week ending June 18. Ignore payroll taxes.

18. June 22: Received a bill for $1,090.00 from Computer Parts and Repair Co. for repairs to the computer equipment. The invoice number was 43254.

19. June 22: Check # 5010 was used to pay the advertising bill that was received on June 17.

20. June 23: Purchased office supplies for $950.00 from Staples on account. The invoice number was 65498. Included in the purchase was 10 units of Super RoutePro at a cost of $35.00 each.