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Acct 216 week 6 homework a
1. ACCT 216 Week 6 Homework A
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ACCT 216 Week 6 Homework A
During August 2013, DB Inc. completed the following
transactions:
a.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
2. 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 share
g.8/31/13 – Accrued interest on the note signed 8/1/13.
