June 16: Byte purchased a building and the land it is on for $125,000, to house its repair facilities and to 10. store computer equipment. The lot on which the building is located is valued at $20,000. The balance of the cost is to be allocated to the building. Byte made a cash down payment of $12,500 and executed a mortgage for the balance. The mortgage is payable in eight equal annual installments beginning July 1 . \begin{tabular}{|l|l|l|} 11. June 17: Cash of $7,200 was paid for rent for June, July and August. Put the total amount into the Prepaid \end{tabular} Rent account. 12. June 17: Received a bill of $475 from the local newspaper for advertising. \begin{tabular}{l|ll} 13. June 21: Accounts payable in the amount of $240 were paid. \end{tabular} \begin{tabular}{l|l} 14. & June 21: A fax machine for the office was purchased for $750 cash. \end{tabular} \begin{tabular}{l|l} 15. June 21: Billed various miscellaneous local customers $4,300 for consulting services performed. \end{tabular} \begin{tabular}{|l|l|} \hline 16. & June 22: Paid salaries of $960 to equipment operators for the week ending June 18. \end{tabular} \begin{tabular}{|l|l|l} 17. & June 22: Received a bill for $1,115 from Computer Parts and Repair Co. for repairs to the computer \end{tabular} equipment. \begin{tabular}{l|l|l|} 18. & June 22: Paid the advertising bill that was received on June 17. \end{tabular} \begin{tabular}{l|l} 19. June 23: Purchased office supplies for $605 on credit. Record the purchase as an increase to the assets. \end{tabular} 20. June 23: Cash in the amount of $3,445 was received on billings. 21. June 28: Billed $6,120 to miscellaneous customers for services performed to June 25. June 16: Byte purchased a building and the land it is on for $125,000, to house its repair facilities and to 10. store computer equipment. The lot on which the building is located is valued at $20,000. The balance of the cost is to be allocated to the building. Byte made a cash down payment of $12,500 and executed a mortgage for the balance. The mortgage is payable in eight equal annual installments beginning July 1 . \begin{tabular}{|l|l|l|} 11. June 17: Cash of $7,200 was paid for rent for June, July and August. Put the total amount into the Prepaid \end{tabular} Rent account. 12. June 17: Received a bill of $475 from the local newspaper for advertising. \begin{tabular}{l|ll} 13. June 21: Accounts payable in the amount of $240 were paid. \end{tabular} \begin{tabular}{l|l} 14. & June 21: A fax machine for the office was purchased for $750 cash. \end{tabular} \begin{tabular}{l|l} 15. June 21: Billed various miscellaneous local customers $4,300 for consulting services performed. \end{tabular} \begin{tabular}{|l|l|} \hline 16. & June 22: Paid salaries of $960 to equipment operators for the week ending June 18. \end{tabular} \begin{tabular}{|l|l|l} 17. & June 22: Received a bill for $1,115 from Computer Parts and Repair Co. for repairs to the computer \end{tabular} equipment. \begin{tabular}{l|l|l|} 18. & June 22: Paid the advertising bill that was received on June 17. \end{tabular} \begin{tabular}{l|l} 19. June 23: Purchased office supplies for $605 on credit. Record the purchase as an increase to the assets. \end{tabular} 20. June 23: Cash in the amount of $3,445 was received on billings. 21. June 28: Billed $6,120 to miscellaneous customers for services performed to June 25
