For this question, i just need the CLOSING entries done Byte of Accounting, Inc Sebastian Matzza 7810 Descriptlion of transaction June 1 Byte of Accounting, Inc issued 2,590 shares of its common stock to Jeremy after $28,080 in cash 01 and computer equipment with a fair market value of $41,850 were received June 1 Byte of Accounting, Inc issued 1,817 shares of its common stock after acquiring from Courtney value of $1,269 June I Byte of Accounting, Inc acquired $70,200 in cash from Sebastian Matzza and issued 2,600 shares 02 $36,450 in cash, computer equipment with a fair market value of $11,340 and office equipment with a fair 03 of its common stock June 2 A down payment of $35,000 in cash was made on additional computer equipment that was 04 purchased for $175,000 A five year note was executed by Byte for the balance June 4 Additional office equipment costing $600 was purchased on credit from Discount Computer 05 June 8 Unsatisfactory office equipment costing $120 was returned to Discount Computer for credit to be applied against the outstanding balance owed by Byte 06 07 June 10 Byte paid $26,750 on the balance it owed on the June 2 purchase of computer equipment June 14 A one year insurance policy covering its computer equipment was purchased by Byte for $4,968 in cash The effective date of the policy was June 16 08 09 June 16 Computer consultation revenue of $6,500 was received June 16 Byte purchased a building and the land it is on for $125,000, to house its repair facilities and to store computer equipment The lot on which the building is located is valued at $20,000 The balance of the cost is to be allocated to the building Byte made a cash down payment of $12,500 and executed a mortgage for the balance The mortgage is payable in eight equal annual installments beginning July 1 10 June 17 Cash of $8,000 was paid for rent for June, July, August and September the Prepaid Rent account Put the total amount into 12 June 17 Received a bill of S375 from the local newspaper for advertising

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For this question, i just need the CLOSING entries done Byte of Accounting, Inc Sebastian Matzza 7810 Descriptlion of transaction June 1  Byte of Accounting, Inc  issued 2,590 shares of its common stock to Jeremy after $28,080 in cash 01  and computer equipment with a fair market value of $41,850 were received June 1  Byte of Accounting, Inc  issued 1,817 shares of its common stock after acquiring from Courtney value of $1,269  June I  Byte of Accounting, Inc  acquired $70,200 in cash from Sebastian Matzza and issued 2,600 shares 02  $36,450 in cash, computer equipment with a fair market value of $11,340 and office equipment with a fair 03  of its common stock June 2  A down payment of $35,000 in cash was made on additional computer equipment that was 04  purchased for $175,000  A five year note was executed by Byte for the balance June 4  Additional office equipment costing $600 was purchased on credit from Discount Computer 05  June 8  Unsatisfactory office equipment costing $120 was returned to Discount Computer for credit to be applied against the outstanding balance owed by Byte 06  07 June 10  Byte paid $26,750 on the balance it owed on the June 2 purchase of computer equipment June 14  A one year insurance policy covering its computer equipment was purchased by Byte for $4,968 in cash  The effective date of the policy was June 16 08  09  June 16  Computer consultation revenue of $6,500 was received June 16  Byte purchased a building and the land it is on for $125,000, to house its repair facilities and to store computer equipment  The lot on which the building is located is valued at $20,000  The balance of the cost is to be allocated to the building  Byte made a cash down payment of $12,500 and executed a mortgage for the balance  The mortgage is payable in eight equal annual installments beginning July 1  10  June 17  Cash of $8,000 was paid for rent for June, July, August and September  the Prepaid Rent account Put the total amount into 12 June 17  Received a bill of S375 from the local newspaper for advertising

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For this question, i just need the CLOSING entries done Byte of Accounting, Inc Sebastian Matzza 7810 Descriptlion of transaction June 1: Byte of Accounting,

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