33	12/17	The president informs you that Bilder Construction Company agrees. to convert the $45,200 overdue account receivable (invoice No. 1120) to an 8% note due six months from today.
39	12/20	Purchased office supplies from the Pen & Pad, issuing check No. 1592 in the amount of $1,360. (Note: Debit asset account).
43	12/24	The payroll summary for the biweekly pay period ended Friday, December 21 contained the following information: Delivery and warehouse wages $5,770 FICA taxes withheld 415 Federal income taxes withheld 1,067 State income taxes withheld 225 Net pay $4,063 Employers payroll taxes: FICA tax $415 Federal unemployment tax 0 State unemployment tax 0 Issued check No. 1594 for the amount of the net pay and deposited it in the payroll bank account. Individual payroll checks were then prepared for distribution to the biweekly employees on Monday, December 24.
44	12/26	The board of directors voted to purchase 1,000 shares of its own stock from stockholder Dionne Schivone at $83 per share and issued check No. 1595 in payment. Stock repurchases are recorded at cost. Total Plumbing is purchasing these shares because Ms. Schivone had been a valuable employee.
45	12/26	The board of directors declared a $1.90 per-share cash dividend payable on January 14 to stockholders of record on December 26 (after purchase of stock).
46	12/26	The president informs you that Beverly's Building Product agrees to convert the $14,000 overdue accounts receivable (invoice No. 1119) balance to a 9% note due six months from today.
47	12/27	A half-acre parcel of land adjacent to the building is acquired in exchange for 600 shares of unissued common stock. The land has a fair value of $54,000 and will be used immediately as an outside storage lot and parking lot.

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