08 June 14: A one-year insurance policy covering its computer equipment was purchased by Byte for $6,480 in cash. The effective date of the policy was June 16. 18 19 09 June 16: Computer consultation revenue of $6,250 was received. 20 21 10. June 16: Byte purchased a building and the land it is on for $143,000, to house its repair facilities and to store computer equipment. The lot on which the building is located is valued at $23,000. The balance of the cost is to be allocated to the building. Byte made a cash down payment of $14,300 and executed a mortgage for the balance. The mortgage is payable in eight equal annual installments beginning July 1. 22 23 11. June 17: Cash of $3,800 was paid for rent for June and July. Put the total amount into the Prepaid Rent account 12 June 17: Received a bill of $325 from the local newspaper for advertising 13. June 21: Billed various miscellaneous local customers 54,700 for consulting services performed. 24 25 26 27 28 29 30 31 32 33 34 35 14. June 21: A fax machine for the office was purchased for $750 cash. 15 June 21: Accounts payable in the amount of S320 were paid. 16 June 22: Paid the advertising bill that was received on June 17 17. June 22: Received a bill for $1,140 from Computer Parts and Repair Co, for repairs to the computer equipment 30 08 June 14: A one-year insurance policy covering its computer equipment was purchased by Byte for $6,480 in cash. The effective date of the policy was June 16. 18 19 09 June 16: Computer consultation revenue of $6,250 was received. 20 21 10. June 16: Byte purchased a building and the land it is on for $143,000, to house its repair facilities and to store computer equipment. The lot on which the building is located is valued at $23,000. The balance of the cost is to be allocated to the building. Byte made a cash down payment of $14,300 and executed a mortgage for the balance. The mortgage is payable in eight equal annual installments beginning July 1. 22 23 11. June 17: Cash of $3,800 was paid for rent for June and July. Put the total amount into the Prepaid Rent account 12 June 17: Received a bill of $325 from the local newspaper for advertising 13. June 21: Billed various miscellaneous local customers 54,700 for consulting services performed. 24 25 26 27 28 29 30 31 32 33 34 35 14. June 21: A fax machine for the office was purchased for $750 cash. 15 June 21: Accounts payable in the amount of S320 were paid. 16 June 22: Paid the advertising bill that was received on June 17 17. June 22: Received a bill for $1,140 from Computer Parts and Repair Co, for repairs to the computer equipment 30