1. create a journal entry for each of these transactions.

2. create a classified balance sheet from these transactions

3. calculate the debts to asset ratio

Ocean View Properties, reported the following account balances on January 1 . The company entered into the following transactions during the year. January 15 Issued 13,000 shares of $1 par common stock for $66,600 cash. January 31 Collected $3,000 from customers on account. February 15 Reacquired 3,160 shares of $1 par comenon stock into treasury for $34,760 cash. March 15 Reissued 2,16e shares of treasury stock for $25,768 cash. August 15 Reissued 600 shares of treasury stock for $4,600cash. September is Declared (but did not yet pay) a $1 cash dividend on each outstanding share of conmon stock. October 1 Issued 10e, 10-year, \$1,09a bonds, at a quoted bond price of 101. 0ctober 3 Wrote off a $1,500 balance due from a customer who went bankrupt. Decenber 29 Recorded $246, 00e of service revenue, all of which was collected in cash. Decenber 36 Paid $216,000 cash for this year's wages through Decenber 31. (Ignore payroll taxes and payrolt deductions.) December 31 Calculated 510, , 0ea of depreciation for the year to be recorded. (Ignore accruat adjustaents for interes and incone taxes.) Calculate the Debt to Assets Ratio and analyze the impact of the Debt to Assets Ratio. (Round your answer to 2 de places.)