Transaction Description of transaction 01. June 1: Byte of Accounting, Inc. issued 2,610 shares of its common stock to Jeremy after |$22,050 in cash and computer equipment with a fair market value of $32,760 were received. 02. June 1: Byte of Accounting, Inc. issued 1,911 shares of its common stock after acquiring from Courtney $28,350 in cash, computer equipment with a fair market value of $10,920 and office equipment with a fair value of $861. 03. June 1: Byte of Accounting, Inc. acquired $37,800 in cash from Hajiyo Enow and issued 1,800 shares of its common stock. 04. June 2: A down payment of $30,000 in cash was made on additional computer equipment that was purchased for $150,000. A five-year note was executed by Byte for the balance. 05. June 4: Additional office equipment costing $500 was purchased on credit from Discount Computer Corporation. 06. June 8: Unsatisfactory office equipment costing $100 was returned to Discount Computer for credit to be applied against the outstanding balance owed by Byte. 07. June 10: Byte paid $23,000 on the balance it owed on the June 2 purchase of computer equipment.