Bender Industries, reported the following account balances on January 1.

	Debit	Credit
Accounts Receivable	$ 5,000
Accumulated Depreciation		$ 30,000
Additional Paid-in Capital		92,000
Allowance for Doubtful Accounts		2,000
Bonds Payable		0
Buildings	249,000
Cash	10,500
Common Stock, 10,000 shares of $1 par		10,000
Notes Payable (long-term)		10,500
Retained Earnings		120,000
Treasury Stock	0
TOTALS	$ 264,500	$ 264,500

The company entered into the following transactions during the year.

January 15	Issued 6,000 shares of $1 par common stock for $52,000 cash.
January 31	Collected $3,000 from customers on account.
February 15	Reacquired 3,020 shares of $1 par common stock into treasury for $33,220 cash.
March 15	Reissued 2,020 shares of treasury stock for $24,220 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, $1,020 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 $232,000 of service revenue, all of which was collected in cash.
December 30	Paid $202,000 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. Review the accounts as shown in the General Ledger and Trial Balance tabs. (Do not round intermediate calculations. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

Each journal entry is posted automatically to the general ledger.

No.	Date	Debit	Credit	Balance
	January 01			10,500

Accounts Receivable
No.	Date	Debit	Credit	Balance
	January 01			5,000

Allowance for Doubtful Accounts
No.	Date	Debit	Credit	Balance
	January 01			2,000

Buildings
No.	Date	Debit	Credit	Balance
	January 01			249,000

Accumulated Depreciation-Buildings
No.	Date	Debit	Credit	Balance
	January 01			30,000

Notes Payable (long-term)
No.	Date	Debit	Credit	Balance
	January 01			10,500

Common Stock
No.	Date	Debit	Credit	Balance
	January 01			10,000

Additional Paid-In Capital, Common Stock
No.	Date	Debit	Credit	Balance
	January 01			92,000

Retained Earnings
No.	Date	Debit	Credit	Balance
	January 01			120,000