June 1: Lauryn made an investment in Byte of Accounting, Inc. by purchasing 4,050 shares of its common stock for $121,540.50 cash. The par value of the common stock was $0.01 per share.

June 1: joe made an investment in Byte of Accounting, Inc., by purchasing 2,560 shares of its common stock paying $31,510.50 in cash and by contributing computer equipment with a fair market value of $45,315.10. The par value of the common stock was $0.01 per share.

June 1: Courtney made an investment in Byte of Accounting, Inc., by purchasing 612 shares of its common stock by contributing computer equipment with a fair market value of $17,405.80 and office equipment with a fair value of $960.32. The par value of the common stock was $0.01 per share.

June 2: Check # 5002 was used to make a down payment of $36,000.00 on additional computer equipment that was purchased from Royce Computers, invoice number 76542. The full price of the computer was $180,000.00. A five-year note was executed by Byte for the balance.

June 4: Additional office equipment costing $500.00 was purchased on credit from Discount Computer Corporation. The invoice number was 98432.

June 8: Unsatisfactory office equipment costing $100.00 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 $1,950.00 from Staples on account. The invoice number was 61298. Included in the purchase was 10 units of Super RoutePro at a cost of $30.00 each.

June 10: Check # 5003 was used to make a $27,500.00 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 $5,976.00 from Seth's Insurance. The effective date of the policy was June 16 and the invoice number was 2387.

June 16: Checks in the amount of $7,250.00 were received for services performed for cash customers.

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 $4,800.00 was paid for rent of the office space for June, July and August.

June 17: Received invoice number 26354 in the amount of $350.00 from the local newspaper for advertising.

June 21: Accounts payable in the amount of $400.00 were paid with Check # 5007.

June 21: Check # 5008 was used to purchase a fax machine for the office from Office Machines Express for $825.00. The invoice number was 975-328.

June 21: Billed various miscellaneous local customers $4,000.00 for consulting services performed.

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