Transaction 01. 02. 03. 04. 05. 06. 07. 08. 09. 10. 11. 12. Description of transaction June 1: Byte of Accounting, Inc. issued 2,640 shares of its common stock to Jeremy after $24,840 in cash land computer equipment with a fair market value of $35,880 were received. June 1: Byte of Accounting, Inc. issued 2,522 shares of its common stock after acquiring from Courtney $44,850 in cash, computer equipment with a fair market value of $12,420 and office equipment with a fair value of $736. June 1: Byte of Accounting, Inc. acquired $59,800 in cash from Sequoia Harris and issued 2,600 shares of its common stock. June 2: A down payment of $35,000 in cash was made on additional computer equipment that was purchased for $175,000. A five-year note was executed by Byte for the balance. June 4: Additional office equipment costing $700 was purchased on credit from Discount Computer Corporation. June 8: Unsatisfactory office equipment costing $140 was returned to Discount Computer for credit to be applied against the outstanding balance owed by Byte. June 10: Byte paid $26,750 on the balance it owed on the June 2 purchase of computer equipment. June 14: A one-year insurance policy covering its computer equipment was purchased by Byte for $5,808 in cash. The effective date of the policy was June 16. June 16: Computer consultation revenue of $8,000 was received. June 16: Byte purchased a building and the land it is on for $137,000, to house its repair facilities and to store computer equipment. The lot on which the building is located is valued at $22,000. The balance of the cost is to be allocated to the building. Byte made a cash down payment of $13,700 and executed a mortgage for the balance. The mortgage is payable in eight equal annual installments beginning July 1. June 17: Cash of $3,400 was paid for rent for June and July. Put the total amount into the Prepaid Rent account. June 17: Received a bill of $250 from the local newspaper for advertising.