American Laser, Incorporated, reported the following account balances on January 1.

	Debit	Credit
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
TOTALS	$ 262,000	$ 262,000

The company entered into the following transactions during the year.

January 15	Issued 5,000 shares of $1 par common stock for $50,000 cash.
January 31	Collected $3,000 from customers on account.
February 15	Reacquired 3,000 shares of $1 par common stock into treasury for $33,000 cash.
March 15	Reissued 2,000 shares of treasury stock for $24,000 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, $1,000 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 $230,000 of service revenue, all of which was collected in cash.
December 30	Paid $200,000 cash for this years 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.)

Prepare the journal entries to record each transaction.

Date General Journal Debit Credit