M8 1 2 Le AFonts Margins Orientation Size Effects-> Print Breaks Background Print Area Titles Height: 3 pages View Vie Scale Print Pri Themes Page Setup Scale to Fit Sheet Options EX fx 3 Transaction 4 56 01. 8 Byte of Accounting, Inc. Joshua Davis 4188 Description of transaction June 1: Byte of Accounting, Inc. acquired $62,400 in cash from Lauryn and issued 2,600 shares of its common stock. 7 8 9 10 11 12 12 13 14 02. 20 03. 04. 05. 06. June 1: Byte of Accounting, Inc. issued 2,600 shares of its common stock to Joshua Davis after $26,400 in cash and computer equipment with a fair market value of $36,000 were received. June 1: Byte of Accounting, Inc. issued 2,502 shares of its common stock after acquiring from Courtney $49,200 in cash, computer equipment with a fair market value of $10,080 and office equipment with a fair value of $768. June 2: A down payment of $28,000 in cash was made on additional computer equipment that was purchased for $140,000. A five-year note was executed by Byte for the balance. June 4: Additional office equipment costing $500 was purchased on credit from Discount Computer Corporation. June 8: Unsatisfactory office equipment costing $100 was returned to Discount Computer for credit to be applied against the outstanding balance owed by Byte. 15 An 4 Transactions C General Journal Worksheet | Income Statement Changes in Retained Earnings Balance S Select destination and press ENTER or choose Paste