Accumulated Depreciation Additional Paid-in Capital Chestnut Corporation, reported the following account balances on January 1. Accounts Receivable Debit $5,000 Credit $ 30,000 118,000. Allowance for Doubtful Accounts 2,000. Bonds Payable o Buildings 275,000 Cash 17,000 Common Stock, 10,000 shares of $1 par 10,000 Notes Payable (long-term) Retained Earnings. 17,000 120,000 Treasury Stock $ 297,000 $297,000 TOTALS The company entered into the following transactions during the year. January 15 Issued 19,000 shares of $1 par common stock for $78,000 cash. January 31 Collected $3,000 from customers on account. February 15 Reacquired 3,280 shares of $1 par common stock into treasury for $36,080 cash.. March 15 Reissued 2,280 shares of treasury stock for $27,080 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, $1,150 bonds, at a quoted bond price of 101. October 3 Wrote off a $1,500 balance due from a customer who went bankrupt. December 29 Recorded $258,000 of service revenue, all of which was collected in cash. December 30 Paid $228,000 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.)