June 10: Byte paid $23,000 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 $6,144 in cash. The effective date of the policy was June 16.
June 16: Computer consultation revenue of $7,250 was received.
June 16: Byte purchased a building and the land it is on for $95,000, to house its repair facilities and to store computer equipment. The lot on which the building is located is valued at $15,000. The balance of the cost is to be allocated to the building. Byte made a cash down payment of $9,500 and executed a mortgage for the balance. The mortgage is payable in eight equal annual installments beginning July 1.
June 17: Cash of $3,400 was paid for rent for June and July. Put the total amount into the Prepaid Rent account.
June 17: Received a bill of $250 from the local newspaper for advertising.
June 21: Billed various miscellaneous local customers $4,700 for consulting services performed.
June 21: A fax machine for the office was purchased for $650 cash.
June 17: Cash of $3,400 was paid for rent for June and July. Put the total amount into the Prepaid Rent account.
June 17: Received a bill of $250 from the local newspaper for advertising.
June 21: Billed various miscellaneous local customers $4,700 for consulting services performed.
June 21: A fax machine for the office was purchased for $650 cash.
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