Make a General Journal

June 1: Hudson Bloom invested $145,098.00 cash and computer equipment with a fair market value of 01 $42,120.00 in his new business, Byte of Accounting. June 1: Check # 5000 was used to purchased office equipment costing $1,188.00 from Office Express. The 02 invoice number was 87417. June 1: Check # 5001 was used to purchased computer equipment costing $14,580.00 from nicole alfonseca. 03 The invoice number was 20117. June 2: Check # 5002 was used to make a down payment of $35,000.00 on additional computer equipment that 04 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. June 4: Additional office equipment costing $600.00 was purchased on credit from Discount Computer 05 Corporation. The invoice number was 98432. June 8: Unsatisfactory office equipment costing S120.00 from invoice number 98432 was returned to Discount 06 Computer for credit to be applied against the outstanding balance owed by Byte. June 10: Check # 5003 was used to make a $26,750.00 payment reducing the principal owed on the June 2 07 purchase of computer equipment from Royce Computers. June 14: Check # 5004 was used to purchase a one-year insurance policy covering its computer equipment for 08 $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 $7,500.00 was received for services performed for Pitman Pictures. 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 10 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 $4,200.00 was paid for rent for June and July. 12 June 17: Received invoice number 26354 in the amount of $250.00 from the local newspaper for advertising. 13 June 21: Billed various miscellaneous local customers $4,600.00 for consulting services performed. June 21: Check # 5008 was used to purchase a fax machine for the office from Office Machines Express for 14 $775.00. The invoice number was 975-328. 15 June 21: Accounts payable in the amount of $480.00 were paid with Check # 5007. 16 June 22: Check # 5010 was used to pay the advertising bill that was received on June 17.