June 1: Hudson Bloom invested $115,069.00 cash and computer equipment with a fair market value of $34,960.00 in his new business, Byte of Accounting.

June 1: Check # 5000 was used to purchased computer equipment costing $11,960.00 from Nastasia Henry. The invoice number was 20117.

June 1: Check # 5001 was used to purchased office equipment costing $529.00 from Office Express. The invoice number was 87417.

June 2: Check # 5002 was used to make a down payment of $28,000.00 on additional computer equipment that was purchased from Royce Computers, invoice number 76542. The full price of the computer was $140,000.00. A five-year note was executed by Byte for the balance.

June 4: Additional office equipment costing $400.00 was purchased on credit from Discount Computer Corporation. The invoice number was 98432.

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 10: Check # 5003 was used to make a $21,500.00 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 equipment for $5,136.00 from Seth's Insurance. The effective date of the policy was June 16 and the invoice number was 2387.

June 16: A check in the amount of $6,500.00 was received for services performed for Pitman Pictures.

June 16: Byte purchased a building and the land it is on for $119,000.00 to house its repair facilities and to store computer equipment. The lot on which the building is located is valued at $19,000.00. The balance of the cost is to be allocated to the building. Check # 5005 was used to make the down payment of $11,900.00. A thirty year mortgage with an inital payement due on August 1st, was established for the balance.

June 17: Check # 5006 for $4,600.00 was paid for rent for June and July.

June 17: Received invoice number 26354 in the amount of $250.00 from the local newspaper for advertising. June 21: Accounts payable in the amount of $320.00 were paid with Check # 5007.

June 21: Check # 5008 was used to purchase a fax machine for the office from Office Machines Express for $725.00. The invoice number was 975-328.

June 21: Billed various miscellaneous local customers $4,500.00 for consulting services performed.

June 22: Check # 5009 was used to pay salaries of $985.00 to equipment operators for the week ending June 18. Ignore payroll taxes.

June 22: Received a bill for $1,215.00 from Computer Parts and Repair Co. for repairs to the computer equipment. The invoice number was 43254.

June 22: Check # 5010 was used to pay the advertising bill that was received on June 17.

June 23: Purchased office supplies for $705.00 from Staples on account. The invoice number was 65498.

June 23: Cash in the amount of $3,605.00 was received on billings.

June 28: Billed $5,490.00 to miscellaneous customers for services performed to June 25.

June 29: Paid the bill received on June 22, from Computer Parts and Repairs Co with Check # 5011. June 29: Cash in the amount of $5,201.00 was received for billings.

June 29: Cash in the amount of $5,201.00 was received for billings.

June 29: Check # 5012 was used to pay salaries of $985.00 to equipment operators for the week ending June 25. Ignore payroll taxes.

June 30: Received a bill for the amount of $865.00 from O & G Oil and Gas Co. The invoice number was 784537. June 30: Check # 5013 was used to pay for airline tickets of $1,700.00 to send the kids to Grandma Ellen for the July 4th holiday.

A physical inventory showed that only $292.00 worth of office supplies remained on hand as of June 30.

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