Transaction
(1): Ray Neal decides to open a computer
programming service which he names Softbyte. On September 1, 2012, Ray Neal
invests $15,000 cash in the business.
Transaction (2): Purchase of Equipment for Cash. Softbyte
purchases computer equipment for $7,000 cash.
Transaction
(3): Softbyte purchases for $1,600 from Acme Supply Company
computer paper and other supplies expected to last several months. The purchase is made on account.