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I need help making journal entries and rounding two decimal places Byte of Accounting, Inc. Isaiah Green 7294 Transaction Description of transaction June 1: Byte

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Byte of Accounting, Inc. Isaiah Green 7294 Transaction Description of transaction June 1: Byte of Accounting. Inc. acquired $48,600 in cash from Lauryn and issued 1,800 shares of its common stock. 01 June 1: Byte of Accounting. Inc. issued 2,550 shares of its common stock to Isaiah Green after S28,620 in cash and computer equipment with a fair market value of $40,230 were received 02. June 1: Byte of Accounting, Inc. issued 2,571 shares of its common stock after acquiring from Courtney $$2,650 in cash, computer equipment with a fair market valuc of $15,660 and offioe 03. equipment with a fair value of $1,107 June 2: A down payment of $27,000 in cash was made on additional computer equipment that was purchased for $135,000. A five-year note was executed by Byte for the balane. June 4: Additional office equipment costing $400 was purchased on credit from Discount Computer Corporation. 04. 05. s80 was returned to Discount Computer for 06 credit to be applied against the outstanding balance owed by Byte June 10: Byte paid s20,750 on the balance it owed on the June 2 purchase of computer 07 June 14: A one-year insurance policy covering its computer equipment was purchased by Byte for $5,640 in cash. The effective date of the policy was June 16 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 $113,000, to house its repair 08. 09 facilities and to store computer equipment. The lot on which the building is located is valued 10. at $18,000. The balance of the cost is to be allocated to the building. Byte made a cash down payment of $11,300 and exccuted a mortgage for the balance. The mortgage is payable in eight equal annual installments beginning July 1. June 17: Cash of $4,800 was paid for rent for June and July. Put the total amount into the Prepaid Rent account. 12. June 17: Received a bill of $325 from the local newspaper for advertising 13. June 21: Accounts payable in the amount of $320 were paid 1 4June 21: A fax machine for the office was purchased for $750 cash

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