DEVRY ACCT 216 Week 6 Homework A
DEVRY ACCT 216 Week 6 Homework A Check this A+ tutorial guideline at http://www.homeworkrank.com/acct-216/acct-216-week-6-homework-a
DEVRY ACCT 216 Week 6 Homework A
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<strong>DEVRY</strong> <strong>ACCT</strong> <strong>216</strong> <strong>Week</strong> 6 <strong>Homework</strong> A<br />
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<strong>216</strong>/acct-<strong>216</strong>-week-6-homework-a<br />
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During August 2013, DB Inc. completed the following transactions:<br />
a.8/1/13 – Purchased a new piece of equipment for $50,000 signing a 6 month, 8%<br />
note payable.<br />
b.8/10/13 – Issued 15,000 shares of $2.00 par stock at $8.00 per share.<br />
c.8/15/13 – Received an invoice for their telephones for $450.00 that will be paid<br />
next month.<br />
d.8/16/13 – Sold $320,000 in product sales and accrued 5% for warranty liability.<br />
e.8/30/13 – Received a summons that the company was being sued for terminating<br />
the office manager last month. The attorneys have advised the company that they<br />
will be liable to the employee for back pay of $3,800.<br />
f.8/31/13 – Purchased 200 shares of Treasury stock at $6.00 per share<br />
g.8/31/13 – Accrued interest on the note signed 8/1/13.