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Deseription of transaction Thne 1 : Hudson BDom invested $ 1 5 2 , 9 4 . 0 0 cash and computer equipment with a

Deseription of transaction
Thne 1: Hudson BDom invested $152,94.00 cash and computer equipment with a fair market value of S31,05000 in his new busines, Byte of Accounting.
Tune 1: Check 4500 wes used to purchased computer equipment costing 512,60000 from George Oho. The involoe number wes 20117 :
June 15 Check 4501 was used to purchased office equipment costing 5483.00 from Offlee Express. The innolec number was 87417.
June 2: Check 45002 was used to make a down payment of $36,000.00 on additional computer equipment that was purchased from Royee Computers, involee number 76542. The full price of the computer was 5180,000.00. A twe-year note was executed by Byte for the balance.
June 4: Additional office equipment costing $400.00 was purchased on credit from Discount Computer Corporation. The involce number was 98432.
June 8: Unsatisfactory office equipment costing $80.00 from invoice number 98432 was returned to Discount Computer for credit to be applied against the outgianding balance owed by Byte.
June 10: Check if 5003 was used to make a $27,500.00 payment reducing the principal owed on the June 2 purchase of computer equipmient from Royec Computers.
June 14: Check #5004 was used to purchase a one-year insurance policy covering its computer equipment for $6,480.00 from Seth's Insuranec. The effectlve date of the policy was June 16 and the Involice number Was 23B7.
June 16: A check in the amount of $6,500,00 was received for serviees performed for Pitman Pictures.
June 16: Byte purchased a building and the land it is on for 107,000,00 to house its repair faclities and to store computer equipment. The lot on which the building is located is valued at S17,000,00. The balanee of the cost is to be allocated to the building. Check & 5005 was used to make the down payment of 510,700.00. A thirty year mortgage with an Inital payement due on August Ist, was eg tahnished fo
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