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Transaction 01. Byte of Accounting, Inc. Ryota Kawashima 7236 Description of transaction June 1: Byte of Accounting, Inc. acquired $48,600 in cash from Lauryn

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Transaction 01. Byte of Accounting, Inc. Ryota Kawashima 7236 Description of transaction June 1: Byte of Accounting, Inc. acquired $48,600 in cash from Lauryn and issued 1,800 shares of its common stock. 02. 03. 04. 05. 06. 07. 08. 09. 10. 11. 12. June 1: Byte of Accounting, Inc. issued 2,630 shares of its common stock to Ryota Kawashima after $30,240 in cash and computer equipment with a fair market value of $40,770 were received. June 1: Byte of Accounting, Inc. issued 2,473 shares of its common stock after acquiring from Courtney $52,650 in cash, computer equipment with a fair market value of $13,500 and office equipment with a fair value of $621. June 2: A down payment of $33,000 in cash was made on additional computer equipment that was purchased for $165,000. A five-year note was executed by Byte for the balance. June 4: Additional office equipment costing $300 was purchased on credit from Discount Computer Corporation. June 8: Unsatisfactory office equipment costing $60 was returned to Discount Computer for credit to be applied against the outstanding balance owed by Byte. June 10: Byte paid $25,250 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 $5,976 in cash. The effective date of the policy was June 16. June 16: A check in the amount of $7,500 was received for consulting revenue. 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 $6,400 was paid for rent for June, July, August and September. Put the total amount into the Prepaid Rent account. |June 17: Received a bill of $375 from the local newspaper for advertising. 13. June 21: Accounts payable in the amount of $240 were paid. 14. June 21: A fax machine for the office was purchased for $750 cash. 15. June 21: Billed various miscellaneous local customers $4,300 for consulting services performed. 16. June 22: Paid salaries of $860 to equipment operators for the week ending June 18.

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