Evaluate return on investment

Reference no: EM135593

01. June 1: Lauryn made an investment in Byte of Accounting, Inc. by purchasing 2,600 shares of its general stock for $62,400 cash. The par value of the common stock was $24 per share.

02. June 1: Nataliya Abduramanova made an investment in Byte of Accounting, Inc., by purchasing 2,520 shares of its general stock paying $24,960 in cash and by contributing computer equipment with a fair market value of $35,520.

03. June 1: Courtney made an investment in Byte of Accounting, Inc., by purchasing 2,600 shares of its common stock for $49,200 cash and by contributing computer equipment with a fair market value of $12,000 and office equipment with a fair value of $1,200.

04. June 2: A down payment of $32,000 in cash was made on supplementary computer equipment that was purchased for $160,000. A five-year note was executed by Byte for the balance.

05. June 4: Supplementary office equipment costing $600 was purchased on credit from Discount Computer Corporation.

Reference no: EM135593

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