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Journal

Worksheet

Income Statment

June 2: Check #5002 was used to make a down payment of $27,000.00 on additional computer equipment that was purchased from Royce Computers, invoice number 76542. The full price of the computer was $135,000,00. A five-year note was executed by Byte for the balance. 05. June 4: Additional office equipment costing $400.00 was purchased on credit from Discount Computer Corporation. The invoice number was 98432. 06. June 8: Unsatisfactory office equipment costing $80.00 from invoice number 98432 was returned to Discount Computer for credit to be applied against the outstanding balance owed by Byte. 07. June 10: Check \# 5003 was used to make a $20,750.00 payment reducing the principal owed on the June 2 purchase of computer equipment from Royce Computers. June 14: Check \# 5004 was used to purchase a one-year insurance policy covering its computer 08. equipment for $5,976.00 from Seth's Insurance. The effective date of the policy was June 16 and the invoice number was 2387. 09. June 16: A check in the amount of $7,000.00 was received for services performed for Pitman Pictures. June 16: Byte purchased a building and the land it is on for $113,000.00 to house its repair facilities and to store computer equipment. The lot on which the building is located is valued at $18,000.00. The balance of the cost is to be allocated to the building. Check #5005 was used to make the down payment of $11,300.00. A thirty year mortgage with an inital payement due on August 1st, was established for the balance. 11. June 17: Check #5006 for $6,400.00 was paid for rent of the office space for June, July, August and September. 12. June 17: Received invoice number 26354 in the amount of $450.00 from the local newspaper for advertising. 13. June 21: Billed various miscellaneous local customers $4,900.00 for consulting services performed