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

American Laser, Inc., reported the following account balances on January 1, 2013.

The company entered into the following transactions during 2013.

Required:

1.Analyze the effect of the January 2013 transactions (shown above) on the accounting equation, and indicate the account, amount, and direction of the effect (+ for increase and ? for decrease) of each transaction.

2. Prepare journal entries to record each transaction.

3. Prepare the noncurrent liabilities and stockholders