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Create a general journal Transaction Description of transaction 01. June 1: drake Mathias, an investor, made an investment in Byte by purchasing 2,610 shares of
Create a general journal
Transaction | Description of transaction |
01. | June 1: drake Mathias, an investor, made an investment in Byte by purchasing 2,610 shares of its common stock paying $24,420.00 in cash, and contributing to Byte computer equipment with a fair market value of $33,000. |
02. | June 1: Jason, an investor, made an investment in Byte by purchasing 2,200 shares of its common stock paying $48,400.00 in cash. |
03. | June 1: Lauryn, an investor, made an investment in Byte by purchasing 2,193 shares of its common stock paying $36,300.00 in cash, and contributing to Byte computer equipment with a fair market value of $11,440 and office equipment with a fair value of $506. |
04. | June 2: Additional office equipment costing $4,100 was purchased on credit from Perez's Discount Computer Corporation, invoice number AB9865. |
05. | June 4: Check # 6001 for $27,000 was issued as a down payment for new computer equipment that cost $135,000 on invoice 827364 from Dell. A five-year note was executed by Byte for the balance. |
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