Accounts Receivable Accumulated Depreciation Additional Paid-in Capital Allowance for Doubtful Accounts Bonds Payable Buildings Cash Common Stock, 10,000 shares of $1 par Notes Payable (long-term) Retained Earnings Treasury Stock TOTALS Debit $ 5,000 271,000 16,000 0 Credit $ 30,000 114,000 2,000 0 10,000 16,000 120,000 $ 292,000 $ 292,000 The company entered into the following transactions during the year. January 15 Issued 17,000 shares of $1 par common stock for $74,000 cash. January 31 Collected $3,000 from customers on account. February 15 Reacquired 3,240 shares of $1 par common stock into treasury for $35,640 cash. March 15 Reissued 2,240 shares of treasury stock for $26,640 cash. August 15 Reissued 600 shares of treasury stock for $4,600 cash. September 15 Declared (but did not yet pay) a $1 cash dividend on each outstanding share of common stock. October 1 Issued 100, 10-year, $1,130 bonds, at a quoted bond price of 101. October 3 Wrote off a $1,500 balance due from a customer who went bankupt. December 29 Recorded $254,000 of service revenue, all of which was collected in cash. December 30 Paid $224,000 cash for this year's wages through December 31. (Ignore payroll taxes and payroll deductions.) December 31 Calculated $10,000 of depreciation for the year to be recorded. (Ignore accrual adjustments for interest and income taxes.)

The company entered into the following transactions during the year January 15 Issued 17,090 shares of $1 par common stock for $74,090 cash. Jaruary 31 Collected $3,090 fron custoners on account. February is Pheacquired 3,240 shares of $1 par connon stock into treasury for $35,640 cash. March 15 Reissued 2,240 shares of treasury stock for 526,640 cash. August 15 Reissued 600 shares of treasury stock for $4,600 cash. September is Declared (but did not yet pay) a $1 cash dividend on each outstanding share of coemon stock. October 1 Issued 100,10 -year, $1,130 bonds, at a quoted bond prich outstatiding of 101. October 3 Wrote off a 51,590 balance due fron a custoeer who went bank 101 . Decenber 29 Recorded 5754,000 of service revenue, all of which was collected in cash. Decenber 30 Paid $224,000 cash for this year's wages through Decenber 31 . (Ignore payroll taxes and payroll deductions.) Deceaber 31 CaIculated 510,600 of depreciation for the year to be recorded. (Ignore accrual adjustanents for interest and incone The company entered into the following transactions during the year January 15 Issued 17,600 shares of $1 par common stock for $74,000 cash. January 31 collected $3,000 from custoners on account. February 15 Reacquired 3,240 shares of $1 par common stock into treasury for $35,640 cash. March 15 Reissued 2,240 shares of treasury stock for $26,640 cash. August 15 Reissued 600 shares of treasury stock for $4,600 cash. September 15 Declared (but did not yet pay) a $1 cash dividend on each outstanding share of comon stock. October 1 Issued 100,10 -year, $1,130 bonds, at a quoted bond price of 101 . October 3 Wrote off a $1,500 balance due from a customer who went bankrupt. Decenber 29 Reconded $254,600 of service revenue, all of which was collected in cash. December 30 Paid $224,009 cash for this year's wages through December 31. (Ignore payrol1 taxes and payroll deductions.) December 31 Calculated $10,690 of depreciation for the year to be recorded. (Ignore accrual adjustments for interest and incon taxes.) General Journal tab - Prepare the journal entries to record each transaction. Review the accounts as shown in the General Ledger and Trial Balance tabs. General Ledger tab - Each journal entry is posted automatically to the general ledger: Trial Balance tab - The option you choose will be the values used to populate the balance sheet tabs. Balance Sheet tab - Prepare the noncurrent liabilities and stockholders' equity sections of the balance sheet at December 31. At the end of the year; the adjusted net income was $20,000. General Journal tab - Prepare a dosing journal entry for the income statement accounts, assuming the events on December 29-31 were the only transactions to affect income statement accounts. General Journal tab - After preparing the financial statements, record the closing entry for Dividends. Impact on Debt to Assets Ratio tab - Calculate the Debt to Assets Ratio and analyze the impact of the Debt to Assets Ratio