Must include date, account name, description, and debit/credit.
Transaction Description of transaction June 1: Byte of Accounting, Inc. issued 2,630 shares of its common stock to Jeremy after $29.700 in cash and computer equipment with a fair market value of $41 310 were received. 01 02 June 1: Byte of Accounting, Inc. issued 2,331 shares of its common stock after acquiring from Courtney $49.950 in cash, computer equipment with a fair market value of $11,880 and office equipment with a fair value of $1,107 03 June 1: Byte of Accounting, Inc. acquired $97,200 in cash from Coley Riley and issued 3,600 shares of its common stock 04. June 2: A down payment of $31,000 in cash was made on additional computer equipment that was purchased for $155,000. A five-year note was executed by Byte for the balance, 03. June 4. Additional office equipment costing S500 was purchased on credit from Discount Computer Corporation. 06. June 8. Unsatisfactory office equipment costing $100 was returned to Discount Computer for credit to be applied against the outstanding balance owed by Byte 07 June 10: Byte paid $23,750 on the balance it owed on the June 2 purchase of computer equipment 08. June 14: A one-year insurance policy covering its computer equipment was purchased by Byte for $6,312 in cash. The effective date of the policy was June 16. 09. June 16: Computer consultation revenue of 57.750 was received 10. June 16: Byte purchased a building and the land it is on for $149,000, to house its repair facilities and to store computer equipment. The lot on which the building is located is valued at $24,000. The balance of the cost is to be allocated to the building. Byte made a cash down payment of $14,900 and executed a mortgage for the balance. The mortgage is payable in eight equal annual installments beginning July 1. 11. June 17: Cash of $7,200 was paid for rent for June July August and September. Put the total | amount into the Prepaid Rent account. 12. June 17. Received a bill of $450 from the local newspaper for advertising 13. June 21: Billed various miscellaneous local customers 54,700 for consulting services performed 14. June 21: A fax machine for the office was purchased for $675 cash. 15. June 21: Accounts payable in the amount of $400 were paid. 16. June 22: Paid the advertising bill that was received on June 17 17. June 22: Received a bill for $1,090 from Computer Parts and Repair Co. for repairs to the computer equipment, 18. June 22: Paid salaries of $935 to equipment operators for the week ending June 18. 19. June 23: Cash in the amount of $3,765 was received on billings, 20. June 23: Purchased office supplies for $655 on credit. Record the purchase as an increase to the assets 21. June 28: Billed $5,280 to miscellaneous customers for services performed to June 25. 22. June 29: Cash in the amount of $5,001 was received for billings. 23 June 29: Paid the bill received on June 22, from Computer Parts and Repairs Co. 24. June 29: Paid salaries of $935 to equipment operators for the week ending June 25. 25. June 30: Received a bill for the amount of $990 from O&G Oil and Gas Co. 26. June 30: Paid a cash dividend of $0.15 per share to the three shareholders of Byte. [IMPORTANT NOTE: The number of shares of capital stock outstanding can be determined from the first three transactions.]
