General journal of all transactions.

ansaction Description of transaction une 1: Byte of Accounting, Inc. issued 2,660 shares of its common stock to Jeremy after $24,640 in cash 01. and computer equipment with a fair market value of $33,880 were received. June 1: Byte of Accounting, Inc. issued 2,594 shares of its common stock after acquiring from Courtney $42,900 in cash, computer equipment with a fair market value of $13,200 and office equipment with a fair value of $968 02. J June 1: Byte of Accounting, Inc. acquired $61,600 in cash from martin zuniga and issued its common stock. 03. 2,800 shares of June 2: A down payment of $28,000 in cash was made on additional computer equipment that was purchased for $140,000. A five-year note was executed by Byte for the balance. 04. June 4: Additional office equipment costing $300 was purchased on credit from Discount Computer Corporation. 05. June 8: Unsatisfactory office equipment costing $60 was returned lapplied against the outstanding balance owed by Byte. 06. June to Discount Computer for credit to be 07 June 10: Byte paid $21,500 on the balance it owed on the June 2 purchase of computer equipment ed on the June 2 fmputer equipment. June 14: A one-year insurance policy covering its computer equipment was pure in cash. The effective date of the policy was June 16 08 hased by Byte for $5,640 09. June 16: Computer consultation revenue of $7,.500 was received. Byte purchased a building and the land it is on for $107,000, to house its repair facilities and to June 16: store computer equipment. The lot on which the building is located is valued at $17,000. The balance of 10. 141! FAad welcomed/ Chart of Accounts FAQ Transactions Amranaralla