C11-1 Financial Reporting of Wrtte-of, Bond Issuance and Common Stock Issuance, Pur American Laser, Inc., reported the following account balances on January 1. 5,000 30,000 90,000 2,000 Accounts Receivable Accumulated Depreciation Additional Paid-in Capital Allowance for Doubtful Accounts Bonds Payable Buildings Cash Common Stock, 10,000 shares of $1 par Notes Payable (long-term) Retained Earnings Treasury Stock 247,000 10,000 10,000 10,000 120,000 0 The company entered into the following transactions during the year. Jan. 15 Issued 5,000 shares of $1 par common stock for $50,000 cash. Feb. 15 Reacquired 3,000 shares of $1 par common stock into treasury for $33.000 cash. Mar. 15 Reissued 2,000 shares of treasury stock for $24,000 cash. Aug. 15 Reissued 600 shares of treasury stock for $4600 cash. Sept. 15 Declared (but did not yet pay) a $1 cash dividend on each outstanding share of common Oct. 1 Issued 100, 10-year, $1,000 bonds, at a quoted bond price of 101. Oct. 3s Wrote off a $500 balance due from a customer who went bankrupt. stock