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general journal entry

The Byte al Accounting Corporate Cyte) is a computer alig small and midste Business Operations: Aller an initial rewfawcet aparatas a prop de lied by a team to wpweden operties by the purchase of off the shelf software or more the medication of off the stowwe Significant Accounting Policies: The business bus adopted the origine pole Pued at that was than 100.00 Bread The allowance muthed here for bad debit Who calculating depreciation, and purchased during a month are treated as a purchased on the first day of the month Transaction Description of transactie 01 June 1 Courtney, Alvester, made an lavestet in Dysely purchasing 2.600 shares of les comman ock Nying 554,600,00 in cash 02 June 1 as investor, made an investment in lyte by purchasing 2.600 hrs of common teck paying 83,310.00 in cash, and contributing to Byte computer equipment with a bir market value of 532.50 03 June 1: Jeremy, an invester, made an investment in Byte by purchasing 2.102 shares of its stock paying $16,780.00 inch, and contributing to tyle computer Equipment with a fair market value of 510,920 and office equipment with a fair value of 5672 04 June : Check 601 for $36.000 washed as a down payment for new computer equipment that cost $180,000 an invece 827364 from Del A five year note was cuecuted by llyte for the balance os June 4. Additional for equipment conting S4,100 was purchased on credit from Pee's hout Computer Corporation, lesky number A 00 June # Check 6002 was heed to purchase a one-year race policy covering its computer equipment. The cost of the insurance is 55,976.00 and paid to Seth lening. Therethe date of the polley was June 16 and the love numbe wa 2387. OT June 10 Check was weed for S27,500 as a partial payment on the balance owed to Del related to the purchase of computer gepment, Invoice 37364 08 June 10: Defective offer equipment costing S820 was returned to Perez's Discount Computer for credit to be applied against the outstanding balance wed by Tyle ow June 16 A check in the amount of 57.500 was received fork performed for Pitman Patare 10 June 16: Byte purchased a building and the land it is on for $107,900.00 fe house its repair facilities and to store computer equipment The lot on which the building is kated is valued at $17,000.00 The balance of the cont is to be allocated to the building. Check 6001 was used to make the down payment of $10,700.00. A thirty yer mortgage with an inital payet den August 1st, was established for the balance

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