B Transaction Description of transaction 01. June 1: Jason, an investor, made an investment in Byte by purchasing 3,200 shares of its common stock paying $92,800.00 in cash. 02. June 1: Lauryn, an investor, made an investment in Byte by purchasing 2,368 shares of its common stock paying $53,650.00 in cash, and contributing to Byte computer equipment with a fair market value of $13,920 and office equipment with a fair value of $1,102. 03. June 1: Leqi Ying, an investor, made an investment in Byte by purchasing 2,580 shares of its common stock paying $31,900.00 in cash, and contributing to Byte computer equipment with a fair market value of $42,920. 4 25 04. June 2: Check # 6001 was issued to purchase a one-year insurance policy covering its computer equipment. The cost of the insurance is $5,136.00 and paid to Seth's Insurance. The effective date of the policy was June 16 and the invoice number was 2387. 26 27 05. June 4: Additional office equipment costing $4,200 was purchased on credit from Perez's Discount Computer Corporation, invoice number A B9865. 28 29 06 June 8: Check # 6002 for $33,000 was issued as a down payment for new computer equipment that cost $165,000 on involce 827364 from Dell. A five-year note was executed by Byte for the balance. 30 31 June 8: Defective office equipment costing S840 was returned to Perea's Discount Computer for credit to be Die winst the outstandinwance owed by BV Chart of Accounts Transaction General Journal Worksheet Income Statement A B 08. June 14: Check # 6003 was issued for $25,250 as a partial payment on the balance owed to Dell related to the purchase of computer equipment, invoice 827364. 34 35 36 09. June 16: A check in the amount of $6,250 was received for services performed for Pitman Pictures. 37 38 10. 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 # 6004 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. 39 40 41 42 11. June 17: Billed various miscellaneous local customers $4,200 for consulting services performed. 12. June 17: Byte received invoice number 26354 in the amount of $325.00 from Fida Marketing Agency for advertising 43 13. June 21: Check # 6005 for $5,000.00 was paid for rent for June and July. Put the total amount into the Prepaid Rent account. 45 46 47 14. June 21: Accounts payable in the amount of $3,360.00 were paid with Check # 6006. 48 15. June 21: Check # 6007 was used to pay invoice number 26354, the advertising bill that was previously received from Fida Digital Marketing Agency 49 50 June 22: Check # 6008 was used to pay salaries of $2.555.00 to equipment operators for the week ending Chart of Accounts Transactions B 15. June 21: Check # 6007 was used to pay invoice number 26354, the advertising bill that was previously received from Fida Digital Marketing Agency. 49 50 16. June 22: Check # 6008 was used to pay salaries of $2,555.00 to equipment operators for the week ending June 18. Ignore payroll taxes. 51 52 17. June 22: Check # 6009 was used to purchase a scanning machine for the office from Sicre's Office Machines Express for $650.00. The invoice number was 975-328. 53 54 55 56 18. June 22: Cash in the amount of $3,365 was received on billings. 19. June 23: Purchased office supplies for $605.00 from Office Max on account. The invoice number was 65498. 57 58 20. June 23: Received a bill for $1,290.00 from Computer Parts and Repair Co. for repairs to the computer equipment. The invoice number was 43254. 59 60 21. 61 62 June 28: Billed various miscellaneous local customers $5,595 for consulting services performed. 22. June 29: Check # 6010 was used to pay invoice number 43254, the computer repair bill that was previously received from Computer Parts and Repair Co. 63 64 23. 65 66 June 29: Byte received 55,300.00 from customers billed when work was completed. C13 xfx Accum. Depr.-Office Equip. 1110 Cash 1120 Accounts Receivable 1130 Prepaid Insurance 1140 Prepaid Rent 1150 Office Supplies 1211 Office Equip 1212 Accum. Depr.-Office Equip. 1311 Computer Equip. 1312 Accum. Depr.-Computer Equip. 1411 Building Cost 1412 Accum. Depr.-Building 1510 Land 2101 Accounts Payable 2102 Advanced Payments 2103 Interest Payable 2105 Salaries Payable 2106 Income Taxes Payable 2201 Mortgage Payable 2202 Notes Payable 3100 Capital Stock 3200 Retained Earnings 3300 Dividends 3400 Income Summary 4100 Computer & Consulting Revenue 5010 Rent Expense Welcome Chart of Accounts Transactions Debit Debit Debit Debit Debit Debit Credit Debit Credit Debit Credit Debit Credit Credit Credit Credit Credit Credit Credit Credit Credit Debit Credit Credit Debit General Journal Workshee TULSABTUVAI 2202 Notes Payable 3100 Capital Stock 3200 Retained Earnings 3300 Dividends 3400 Income Summary 4100 Computer & Consulting Revenue 5010 Rent Expense 5020 Salary Expense 5030 Advertising Expense 5040 Repairs & Maint. Expense 5050 Oil & Gas Expense 5080 Supplies Expense 5090 Interest Expense 5100 Insurance Expense 5110 Depreciation Expense 5120 Income Tax Expense Credit Credit Credit Debit Credit Credit Debit Debit Debit Debit Debit Debit Debit Debit Debit Debit SP