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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 ne
xt 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 t
he office manager last month. The attorneys have advised the company t
hat 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.
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ACCT 216 Week 6 Homework B
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During March 2013, JZ Inc. completed the following transactions:
a.3/1/13 –
Purchased a new piece of equipment for $75,000 signing a 6 month, 7%
note payable.
b.3/10/13 – Issued 10,000 shares of $2.00 par stock at $9.00 per share.
c.3/15/13 –
Received an invoice for their telephones for $375.00 that will be paid ne
xt month.