ransaction Description of transaction June 1: Byte of Accounting, Ine. acquired $67,200 in cash from Lauryn and issued 2,400 shares of its common stock. 01 June 1: Byte of Accounting, Inc. issued 2,630 shares of its common stock to Chaconie Edwards after $31,080 in cash and computer equipment with a fair market value of $42,560 were received. 02 03.June 1: Byte of Accounting, Inc. issued 1,953 shares of its common stock after acquiring from Courtney $37,800 in cash, computer equipment with a fair market value of $16,240 and office equipment with a fair value of S644 04. June 2: A down payment of $33,000 in cash was made on additional computer equipment that os. June 4: Additional office equipment costing S400 was purchased on credit from Discount 06. June 8: Unsatisfactory office equipment costing $80 was returned to Discount Computer for was purchased for $165,000. A five-year note was executed by Byte for the balance. Computer Corporation. credit to be applied against the outstanding balance owed by Byte 07. June 10: Byte paid $25,250 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 $5,976 in cash. The effective date of the policy was June 16 09. June 16: A check in the amount of $7.000 was received for consulting revenue. 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 12, June 17: Received a bill of $300 from the local newspaper for advertising 13. June 21: Accounts payable in the amount of $320 were paid. 14. June 21: A fax machine for the office was purchased for $650 cash. d Rent account