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June 1: Byte of Accounting, Inc. acquired $50,400 in cash from Lauryn and issued 2,400...

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Accounting

June 1: Byte of Accounting, Inc. acquired $50,400 in cash from Lauryn and issued 2,400 shares of its common stock. June 1: Byte of Accounting, Inc. issued 2,570 shares of its common stock to Adrian Arroyo after $22,260 in cash and computer equipment with a fair market value of $31,710 were received. June 1: Byte of Accounting, Inc. issued 2,279 shares of its common stock after acquiring from Courtney $34,650 in cash, computer equipment with a fair market value of $12,600 and office equipment with a fair value of $609. 03. Couipment with a fair value of $609. 04. June 2: A down payment of $31,000 in cash was made on additional computer equipment that was purchased for $155,000. A

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