DEVRY ACCT 216 Week 6 Homework B
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<strong>DEVRY</strong> <strong>ACCT</strong> <strong>216</strong> <strong>Week</strong> 6 <strong>Homework</strong> B<br />
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During March 2013, JZ Inc. completed the following transactions:<br />
a.3/1/13 – Purchased a new piece of equipment for $75,000 signing a 6 month, 7%<br />
note payable.<br />
b.3/10/13 – Issued 10,000 shares of $2.00 par stock at $9.00 per share.<br />
c.3/15/13 – Received an invoice for their telephones for $375.00 that will be paid<br />
next month.<br />
d.3/16/13 – Sold $450,000 in product sales and accrued 6% for warranty liability.<br />
e.3/30/13 – 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 $4,700.<br />
f.3/31/13 – Purchased 400 shares of Treasury stock at $7.00 per share<br />
g.3/31/13 – Accrued interest on the note signed 3/1/13.
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