1 2 3 Transaction 01. Byte of Accounting, Inc. Asia Smith 7749 Description of transaction June 1: Byte of Accounting, Inc. issued 2,650 shares of its common stock to Jeremy after $29,970 in cash and computer equipment with a fair market value of $41,580 were received. June 1: Byte of Accounting, Inc. issued 2,071 shares of its common stock after acquiring from Courtney $39,150 in cash, computer equipment with a fair market value of $15,660 and office equipment with a fair Value of $1,107 02 03. June 1: Byte of Accounting, Inc., acquired $75,600 in cash from Asia Smith and issued 2,800 shares of its common stock 04. 10 11 June 2: A down payment of $32,000 in cash was made on additional computer equipment that was purchased for $160,000. A five-year note was executed by Byte for the balance. OS June 4: Additional office equipment costing $400 was purchased on credit from Discount Computer Corporation 12 13 06. June 8: Unsatisfactory office equipment costing 880 was returned to Discount Computer for credit to be applied against the outstanding balance owed by Byte 14 15 16 07 June 10: Byte paid $24.500 on the balance it owed on the June 2 purchase of computer equipment