ACCT216 Week 6 Homework-During August 2013, DB Inc

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ACCT216Week 6 HomeworkDuring August 2013, DB Inc. completed the following transactions:a 8/1/13 - Purchased a new piece of equipment for $50,000 signing a six month, 8% notepayable.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 nextmonth.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 theoffice manager last month. The attorneys have advised the company that they will beliable 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.Required:1 Prepare the journal entries for the above transactions.

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