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American Laser, Inc., reported the following account balances on January 1 Accounts Receivable 5,000 Accumulated Depreciation 30,000 Additional Paid-in Capital 90,000 Allowance for Doubtful Accounts
American Laser, Inc., reported the following account balances on January 1 Accounts Receivable 5,000 Accumulated Depreciation 30,000 Additional Paid-in Capital 90,000 Allowance for Doubtful Accounts 2,000 Bonds Payable Buildings 247,000 Cash 10,000 Common Stock, 10,000 shares of $1 par 10,000 Notes Payable (long-term) 10,000 Retained Earnings 120,000 Treasury Stock The company entered into the following transactions during the year. Jan 15 shares of $1 par common stock for $50,000 cash. Feb. Reacquired of common stock for $33,000 cash. Mar. 15 Reissued 2,000 shares of treasury for $24,000 cash. Aug. 15 Reissued 600 shares of treasury stock for $4,600 cash. Sept. 15 Declared (but did not yet pay) a dividend each outstanding share of common stock. 1 100, $1,000 bonds, at a bond Oct. 3 Wrote off a $500 balance due from a customer who went bankrupt Requirement General General rial Balance Balance Journal Ledger Sheet
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