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

December $29$: Cash from customers in the amount of $$14,250\mathrm{.}00$