airtasel, ne,Peported the following account balances on January 1. Debit Credit Accounts Receivable Accumulated Depreciation Additional Paid-in Capital Allowance for Doubtful Accounts Bonds Payable Buildings Cash Common Stock, 10,e00 shares of $1 par Notes Payable (long-term) Retained Earnings Treasury Stock TOTALS $ 5,000 30,000 106,000 2,000 263,000 14,800 10,000 14,000 120,000 $282,000 $282,000 The company entered Into the following transactions during the year an. 15 Issued 13,00e shares of $1 par common stock for $66,000 cash. an. 31 Collected $3,000 from customers on account. Feb. 15 Reacquired 3,160 shares of $1 par common stock into treasury for $34,760 cash. Mar. 15 Aug. 15 Reissued 600 Sept. 15 Declared (but did not yet pay) a $1 cas Oct. 1 Issued 100, 10-year, $1,010 bonds, at a quoted bond price of 101. Oct. 3 Wrote off a $2,000 balance due from a customer who went bankrupt. Dec. 29 Recorded $246,000 of service revenue, all of which was collected in cash. Dec. 3e Paid $216,000 cash for this year's wages through December 31. Ignore payroll taxes and payroll Reissued 2,160 shares of treasury stock for $25,760 cash. shares of treasury stock for $4,600 cash h dividend on each outstanding share of common stock. deductions. Dec. 31 Calculated $10,e00 of depreciation for the year to be recorded. (Ignore accrual adjustments for interest and income taxes.) Debt to Assets General Journal General Ledger Requirement Trial Balance Balance Sheet SheetRatio 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 liabi December 31. At the end of the year, the adjusted net income was $20,000. General December 29-31 were the only transactions to affect income statement accounts. I entry for the income statement accounts, assuming the events on Journal tab - Prepare a closing journa Impact on Debt to Assets Ratio tab-Calculate the Debt to Assets Ratio and analyze the impact of the Debt to Assets Ratio. General Journal tab - After preparing the financial statements, record the closing entry for Dividends