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.

Accounts Receivable	$	14,200
Accumulated Depreciation		22,000
Additional Paid-in Capital		82,000
Allowance for Doubtful Accounts		1,200
Bonds Payable		0
Buildings		100,000
Common Stock, 10,000 shares of $1 par		10,000
Notes Payable (due 2016)		10,000
Retained Earnings		112,000
Treasury Stock		0

The company entered into the following transactions during 2013.

Jan. 15	Issued 4,200 shares of $1 par common stock for $42,000 cash.
Feb. 15	Reacquired 2,800 shares of $1 par common stock into treasury for $30,800 cash.
Mar. 15	Reissued 1,800 shares of treasury stock for $21,600 cash.
Aug. 15	Reissued 550 shares of treasury stock for $4,400 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, $1,600 bonds, at a quoted bond price of 101.
Oct. 3	Wrote off a $420 balance due from a customer who went bankrupt.
Dec. 31	Recorded $10,000 depreciation on the building.

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. (Enter all amounts as positive values.) 2.Prepare journal entries to record each transaction. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) 3.Prepare the noncurrent liabilities and stockholders