C11-1 (Algo) Financial Reporting of Depreciation, Write-off, Bond Issuance and Common Stock Issuance, Purchase, Reissuance, and Cash Dividends [Chapters 4, 8, 9, 10, and 11) [LO 4-2, 4-5, 8-2, 9-3, 10-3, 11-2, 11-3]

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

	Debit	Credit
Accounts Receivable	$ 5,000
Accumulated Depreciation		$ 30,000
Additional Paid-in Capital		108,000
Allowance for Doubtful Accounts		2,000
Bonds Payable		0
Buildings	265,000
Cash	14,500
Common Stock, 10,000 shares of $1 par		10,000
Notes Payable (long-term)		14,500
Retained Earnings		120,000
Treasury Stock	0
TOTALS	$ 284,500	$ 284,500

The company entered into the following transactions during the year.

January 15	Issued 14,000 shares of $1 par common stock for $68,000 cash.
January 31	Collected $3,000 from customers on account.
February 15	Reacquired 3,180 shares of $1 par common stock into treasury for $34,980 cash.
March 15	Reissued 2,180 shares of treasury stock for $25,980 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, $1,100 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 $248,000 of service revenue, all of which was collected in cash.
December 30	Paid $218,000 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.)

BENDER INDUSTRIES
Trial Balance
December 31, 2022
Account Title	Debit	Credit
Cash	212,100
Buildings	265,000
Accumulated Depreciation-Buildings		30,000
Accumulated Depreciation-Equipment		10,000
Dividends Payable		14,600
Notes Payable (long-term)		14,500
Bonds Payable		100,000
Premium on Bonds Payable		1,000
Common Stock		24,000
Additional Paid-In Capital, Common Stock		162,000
Retained Earnings		120,000
Treasury Stock	4,400
Service Revenue		248,000
Dividend Revenue	14,600
Depreciation Expense	10,000
Salaries and Wages Expense	218,000
Total	724,100	724,100

need Balance sheet