Description of transaction December $1$: Sundeep Kaur made an investment in Byte of Accounting, Inc., by purchasing $2,900$ shares of its common stock paying $$87,000\mathrm{.}00$ in cash. The par value of the common stock was $$23\mathrm{.}00$ per share. December $3$: Purchased a Ricoh Color copier for $$4,600\mathrm{.}00.$ The invoice number was $61298.$ We paid $10\%$ and signed a $3$ year note for the remaining balance. Interest at a rate of $6\%$ a year will be paid semiannually. December $3$: Check # $6001$ for $$2,600\mathrm{.}00$ was paid for rent of the office space for December. Rent is journalized to the prepaid rent account. December $3$: In response to requests from our customers we have decided to purchase and install Super Toners at our clients locations. We received $14$ Super Toners for resale to our customers at a cost of $$27\mathrm{.}00$ per toner. The Invoice number was $7249,$ and we will pay them within $30$ days. December $10$: Sold $9$ Super toners to a customer on account for $$56\mathrm{.}00$ each. The Sales order number was $12100,$ record the Sales Revenue. December $10$: Sold $9$ Super toners to a customer on account for $$56\mathrm{.}00$ each. The Sales order number was $12100,$ record the Cost of Goods Sold, using FIFO. December $11$: Check # $6002$ was used to pay salaries of $$2,100\mathrm{.}00$ to equipment operators. Ignore payroll taxes. December $14$: Check # $6003$ was used to purchase a one$-$year insurance policy covering its computer equipment for $$6,696\mathrm{.}00$ from Seth's Insurance. The effective date of the policy was December $16$ and the invoice number was $2387.$ December $15$: Lauryn paid $$2,476\mathrm{.}00$ for airline tickets to send the kids to Grandma Ellen's for the holiday. December $16$: Received $6$ Super Toners for resale to our customers. The cost was $$30\mathrm{.}00$ per toner. The Invoice number was $7359,$ and we will pay them within $30$ days. December $17$: We were informed that Mr$.$ Madoff who has an account with us will never pay the $$562\mathrm{.}00$ he owes us$.$ Record the transaction to write off Mr$.$ Madoff's accounts receivable account using the allowance method. December $17$: Received invoice number $26354$ in the amount of $$850\mathrm{.}00$ from the local newspaper for advertising. December $18$: Check # $6004$ was used to pay Accounts Payable in the amount of $$720\mathrm{.}00$ December $19$: Sold $8$ Super toners to a customer on account for $$56\mathrm{.}00$ each. The Sales order number was $12100,$ record the Sales Revenue. December $19$: Sold $8$ Super toners to a customer on account for $$56\mathrm{.}00$ each. The Sales order number was $12100,$ record the Cost of Goods Sold, using FIFO. December $21$: Record the cost of computers for various customers on account, $$4,300\mathrm{.}00.$ December $21$: Billed various miscellaneous local customers $$8,600\mathrm{.}00$ for computers that cost us $$4,300\mathrm{.}00,$ record the Sales Revenue. December $21$: Billed various miscellaneous local customers $$8,600\mathrm{.}00$ for computers that cost us $$4,300\mathrm{.}00,$ record the Cost of Goods Sold. December $22$: Check # $6005$ was used to pay salaries of $$2,100\mathrm{.}00$ to equipment operators. Ignore payroll taxes. December $22$: Received a bill for $$1,315\mathrm{.}00$ from Computer Parts and Repair Co$.$ for repairs to the computer equipment. The invoice number was $43254.$ December $22$: Check # $6006$ was used to pay the advertising bill that was previously received and recorded from the local newspaper for advertising, invoice number $26354.$ December $22$: Received $13$ Super Toners for resale to our customers. The cost was $$32\mathrm{.}00$ per toner. The Invoice number was $7988,$ and we will pay them within $30$ days. December $23$: Cash from customers in the amount of $$20,925\mathrm{.}00$ was received on billings. December $23$: Record the cost of computers for various customers on account, $$5,550\mathrm{.}00.$ December $28$: Billed various miscellaneous local customers $$11,100\mathrm{.}00$ for computers that cost us $$5,550\mathrm{.}00,$ record the Sales Revenue. December $28$: Billed various miscellaneous local customers $$11,100\mathrm{.}00$ for computers that cost us $$5,550\mathrm{.}00,$ record the Cost of Goods Sold. December $28$: Paid the bill that was previously received and recorded from Computer Parts and Repairs Co with Check # $6007.$ The invoice number was $43254.$ December $29$: Cash from customers in the amount of $$14,250\mathrm{.}00$ was received on billings. December $29$: Received a bill for the amount of $$530\mathrm{.}00$ from AT&T for the telephone. The invoice number was $784537.$ December $30$: Check # $6008$ was used to pay salaries of $$2,100\mathrm{.}00$ to equipment operators. Ignore payroll taxes. December $30$: Check # $6009$ was used to pay was used to pay for a cash dividend of $$\mathrm{.}50$ per share to Lauryn, a shareholder of Byte. December $30$: Check # was used to pay was used to pay for a cash dividend of $$\mathrm{.}50$ per share to Sundeep Kaur, a shareholder of Byte. December $30$: Received a $$8,215\mathrm{.}00$ check from Kaur Corporation for merchandise ordered which will be delived January $16$th$.$ December $30$: A $$2,850\mathrm{.}00$ ping pong table for the office was ordered from GameWorld. December $31$: The Ping Pong table was canceled within the cancelation period. December $31$: Check # $6010$ was issued to pay $$530\mathrm{.}00$ to AT&T for the telephone and internet access. Post your journal entries to the general.