-Please complete the following journal entries using debits/credits and correct accounts. Thanks.

Transaction Description of transaction December 1: Ian Roth, a new investor, made an investment in Byte by purchasing 2,000 shares of its common stock paying $68,000.00 in cash. The par value of the common stock was $25.00 per 01. share. 02. December 3: Byte purchased a Ricoh Color Copier for $4,500.00. The invoice number was 61298. Byte paid 10% in cash and signed a three-year note for the remaining balance. Interest at a rate of 6% a year will be paid semiannually. 03. December 3: Check # 6001 for $2,300.00 was issued by Byte to pay for rent of the office space for December 04. December 3: Byte received 10 Super Toners for resale to customers at a cost of $28.00 per toner. The invoice number was 7249, and requires payment within 30 days. December 10: Byte sold 4 Super Toners to a customer on account for $53.00 each. The Sales order number was 12100. 05. 06. December 10: Byte records the cost of the 4 Super Toners sold using FIFO. The sales order number was 12100 07. December 11: Check # 6002 was issued to pay salaries of $2,250.00 to equipment operators. Ignore payroll taxes at this time.) 08. December 14: Check # 6003 was issued to purchase a one-year insurance policy covering its computer equipment. The cost of the insurance is $6,360.00 and paid to Seth's Insurance. The effective date of the policy was December 16 and the invoice number was 2387. 09. December 15: Byte purchased $250.00 of supplies on account. December 16: Byte received 5 Super Toners purchased for resale to customers. The cost was $30.00 per toner. The invoice number was 7959, and payment is required in 30 days. 10. 11. December 17: Byte was informed that Mr. Madoff who has an account with the company will never pay the $478.00 he owes. Record the transaction to write off Mr. Madoff's accounts receivable account using the allowance method. 12. December 17: Byte received invoice number 26354 in the amount of $850.00 from the local newspaper for advertising