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Transaction 01. 02 03. 04 05. 06. 07. 08. 09. Description of transaction June 1: Hudson Bloom invested $152,130.00 cash and computer equipment with a
Transaction
01. 02 03. 04 05. 06. 07. 08. 09.
Description of transaction June 1: Hudson Bloom invested $152,130.00 cash and computer equipment with a fair market value of $34,320.00 in his new business, Byte of Accounting. June 1: Check # 5000 was used to purchased office equipment costing $770.00 from Office Express. The invoice number was 87417. June 1: Check # 5001 was used to purchased computer equipment costing $9,240.00 from Shelly De La Rosa. The invoice number was 20117. June 2: Check # 5002 was used to make a down payment of $27,000.00 on additional computer equipment that was purchased from Royce Computers, invoice number 76542. The full price of the computer was $135,000.00. A five-year note was executed by Byte for the balance. FOTO June 4: Additional office equipment costing $400.00 was purchased on credit from Discount Computer Corporation. The invoice number was 98432. June 8: Unsatisfactory office equipment costing $80.00 from invoice number 98432 was returned to Discount Computer for credit to be applied against the outstanding balance owed by Byte. June 10: Check # 5003 was used to make a $20,750.00 payment reducing the principal owed on the June 2 purchase of computer equipment from Royce Computers. June 14: Check 5004 was used to purchase a one-year insurance policy covering its computer equipment for $5,976.00 from Seth's Insurance. The effective date of the policy was June 16 and the invoice number was 2387. June 16: A check in the amount of $7,000.00 was received for services performed for Pitman Pictures.
Make a general journal, income statement, changes in owners equity and balance sheet
Transaction Description of transaction 01. June 1: Hudson Bloom invested $152,130.00 cash and conputer equipment with a fair market value of $34,320.00 in his new business, Byte of Accounting Step by Step Solution
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