DEVRY ACCT 216 Week 6 Homework A

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DEVRY ACCT 216 Week 6 Homework A

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• During August 2013, DB Inc. completed the
  following transactionsa.8/1/13 Purchased a
  new piece of equipment for 50,000 signing a 6
  month, 8 note payable.b.8/10/13 Issued 15,000
  shares of 2.00 par stock at 8.00 per
  share.c.8/15/13 Received an invoice for their
  telephones for 450.00 that will be paid next
  month.d.8/16/13 Sold 320,000 in product sales
  and accrued 5 for warranty liability.e.8/30/13
  Received a summons that the company was being
  sued for terminating the office manager last
  month. The attorneys have advised the company
  that they will be liable to the employee for back
  pay of 3,800.f.8/31/13 Purchased 200 shares
  of Treasury stock at 6.00 per shareg.8/31/13
  Accrued interest on the note signed 8/1/13.