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Help Journaling these transactions 01. June 1: Byte of Accounting, Inc. acquired $69,000 in cash from Lauryn and issued 3,000 shares of its common stock.

Help Journaling these transactions

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01. June 1: Byte of Accounting, Inc. acquired $69,000 in cash from Lauryn and issued 3,000 shares of its common stock. June 1: Byte of Accounting, Inc. issued 2,600 shares of its common stock to 02. after $24,840 in cash and computer equipment with a fair market value of $34,960 were received. June 1: Byte of Accounting, Inc. issued 2,774 shares of its common stock after acquiring from 03. Courtney $49,450 in cash, computer equipment with a fair market value of $13,340 and office equipment with a fair value of $1,012. 04. June 2: A down payment of $35,000 in cash was made on additional computer equipment that was purchased for $175,000. A five-year note was executed by Byte for the balance. 05. June 4: Additional office equipment costing $700 was purchased on credit from Discount Computer Corporation. 06. June 8: Unsatisfactory office equipment costing $140 was returned to Discount Computer for credit to be applied against the outstanding balance owed by Byte. 07. June 10: Byte paid $26,750 on the balance it owed on the June 2 purchase of computer equipment. 08. June 14: A one-year insurance policy covering its computer equipment was purchased by Byte for $5,136 in cash. The effective date of the policy was June 16. 09 June 16: A check in the amount of $7,500 was received for consulting revenue. June 16: Byte purchased a building and the land it is on for $137,000, to house its repair facilities and to store computer equipment. The lot on which the building is located is valued at 10. $22,000. The balance of the cost is to be allocated to the building. Byte made a cash down payment of $13,700 and executed a mortgage for the balance. The mortgage is payable in eight equal annual installments beginning July 1. 11. June 17: Cash of $6,900 was paid for rent for June, July and August. Put the total amount into the Prepaid Rent account. 12. June 17: Received a bill of $350 from the local newspaper for advertising. 13. June 21: Accounts payable in the amount of $560 were paid. 14. June 21: A fax machine for the office was purchased for $725 cash

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