Transaction Description of transaction June 1: Jeremy made an investment in Byte of Accounting, Inc., by purchasing 2,590 shares of its common stock 01. paying $32,860 in cash and by contributing computer equipment with a fair market value of $47,430. The par value of the common stock was $29 per share. June 1: Courtney made an investment in Byte of Accounting, Inc., by purchasing 481 shares of its common stock 02. by contributing computer equipment with a fair market value of $13,640 and office equipment with a fair value of $1,271. The par value of the common stock was $29 per share. 03. June 1: Jared Weiss made an investment in Byte of Accounting, Inc. by purchasing 5,650 shares of its common stock for $175,150 cash. The par value of the common stock was $29 per share. June 2: Check # 5002 was used to make a down payment of $29,000.00 on additional computer equipment that 04. was purchased from Royce Computers, invoice number 76542. The full price of the computer was $145,000.00. A five-year note was executed by Byte for the balance. 05. June 4: Additional office equipment costing $400.00 was purchased on credit from Discount Computer Corporation. The invoice number was 98432. 06. 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 $22,250.00 payment reducing the principal owed on the June 2 07. purchase of computer equipment from Royce Computers. 08 June 10: Purchased office supplies for $1,750.00 from Staples on account. The invoice number was 61298. Included in the purchase was 10 units of Super Route Pro at a cost of $40.00 each. 09. 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. 10. June 16: Checks in the amount of $8,760.00 was received for services performed for cash customers. 11. June 16: Byte purchased a building and the land it is on for $125,000.00 to house its repair facilities and to store computer equipment. The lot on which the building is located is valued at $20,000.00. The balance of the cost is to be allocated to the building. Check # 5005 was used to make the down payment of $12,500.00. A thirty year mortgage with an inital payement due on August 1st, was established for the balance