journalize entries

June 1: Lauryn made an investment in Byte of Accounting, Inc. by purchasing 4,850 shares of its common stock for $160,050 cash. The par value of the common stock was $27 per share. June 1: Cassie Moran made an investment in Byte of Accounting, Inc., by purchasing 2,560 shares of its common 02. stock paying $34,980 in cash and by contributing computer equipment with a fair market value of $49,500. The par value of the common stock was $27 per share. June 1: Courtney made an investment in Byte of Accounting, Inc., by purchasing 558 shares of its common stock 03. by contributing computer equipment with a fair market value of $17,160 and office equipment with a fair value of $1,254. The par value of the common stock was $27 per share. June 2: Check # 5002 was used to make a down payment of $27,000.00 on additional computer equipment that was 04. 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. June 8: Purchased office supplies for $1,850.00 from Staples on account. The invoice number was 61298. 07. Included in the purchase was 10 units of Super RoutePro at a cost of $25.00 each. 08. 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. 09 June 14: Check # 5004 was used to purchase a one-year insurance policy covering its computer equipment for $5,808.00 from Seth's Insurance. The effective date of the policy was June 16 and the invoice number was 2387. 10. June 16: Checks in the amount of $8,760.00 were received for services performed for cash customers. June 1: Lauryn made an investment in Byte of Accounting, Inc. by purchasing 4,850 shares of its common stock for $160,050 cash. The par value of the common stock was $27 per share. June 1: Cassie Moran made an investment in Byte of Accounting, Inc., by purchasing 2,560 shares of its common 02. stock paying $34,980 in cash and by contributing computer equipment with a fair market value of $49,500. The par value of the common stock was $27 per share. June 1: Courtney made an investment in Byte of Accounting, Inc., by purchasing 558 shares of its common stock 03. by contributing computer equipment with a fair market value of $17,160 and office equipment with a fair value of $1,254. The par value of the common stock was $27 per share. June 2: Check # 5002 was used to make a down payment of $27,000.00 on additional computer equipment that was 04. 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. June 8: Purchased office supplies for $1,850.00 from Staples on account. The invoice number was 61298. 07. Included in the purchase was 10 units of Super RoutePro at a cost of $25.00 each. 08. 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. 09 June 14: Check # 5004 was used to purchase a one-year insurance policy covering its computer equipment for $5,808.00 from Seth's Insurance. The effective date of the policy was June 16 and the invoice number was 2387. 10. June 16: Checks in the amount of $8,760.00 were received for services performed for cash customers