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		0
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		0

The company entered into the following transactions during the year.

Jan.

15

Issued 5,000 shares of $1 par common stock for $50,000 cash.

Feb.

15

Reacquired 3,000 shares of $1 par common stock into treasury for $33,000 cash.

Mar.

15

Reissued 2,000 shares of treasury stock 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 $1 cash dividend on each outstanding share of common stock.

Oct.

1

Issued 100, 10-year, $1,000 bonds, at a quoted bond price of 101.

Oct.

3

Wrote off a $500 balance due from a customer who went bankrupt. Journal Entry of the dates, Also a balance sheet,

AMERICAN LASER, INC
Balance Sheet (partial)
At December 31
	0
	0
	0
	0
Current Liabilities
Contributed Capital
Dividends Payable
Total Contributed Capital	0
Total	0
	$0