Cedric Productions, reported the following account balances on January $1.$

The company entered into the following transactions during the year.

January $15$ Issued $24,000$ shares of $$1$ par common stock for $$88,000$ cash.

January $31$ Collected $$3,000$ from customers on account.

February $15$ Reacquired $3,380$ shares of $$1$ par common stock into treasury for $$37,180$ cash.

March $15$ Reissued $2,380$ shares of treasury stock for $$28,180$ 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, $$1,200$ 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 $$268,000$ of service revenue, all of which was collected in cash.

December $30$ Paid $$238,000$ cash for this year's 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.$)$

Journal entry worksheet

$.....$

Issued $24,000$ shares of $$1$ par common stock for $$88,000$ cash. Record the

transaction.

Note: Enter debits before credits.