journals 12 and 13

Cedric Productions, reported the following account balances on January 1 . The company entered into the following transactions during the year. January 15 Issued 8,000 shares of $1 por connon stock for $56,090 cash. January 31 collected $3,060 from customers on account. February 15 Reacquired 3,060 shares of $1 par connon stock into treasury for $33,660 cash. March 15 Reissued 2,060 shares of treasury stock for $24,660 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 connon stock. october 1 Issued 100, 10-year, \$1, 040 bonds, at a quoted bond price of 101. october 3 Wrote off a $1,500 balance due froa a custoner who went bankrupt. Decenber 29 Recorded $236, , Bee of service revenue, all of which was collected in cash. Decenber 30 Paid $206,000 cash for this year's wages through Decenber 31. (Ignore payrotl taxes and payroll deductions.) Decenber 31 Calculated $10,000 of depreciation for the year to be recorded. (Ignore accrual adjustnents for intere and incone taxes.) Prepare the journal entries to record each transaction. Review the accounts as shown in the General Ledger and Tral 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 feld.) Journal entry the events on vecember 2y31 were the onry transactuons to arrect income statement accounts. Record the transaction. Note: Finter debite before credis Cedric Productions, reported the following account balances on January 1. The company entered into the following transactions during the year. January 15 issued 8,000 shares of $1 par conmon stock for $56,0e0 cash. January 31 Collected $3, eee from customers on account. February 15 Reacquired 3,660 shares of $1 par connon stock into treasury for $33,660 cash. March 15 Reissued 2, 069 shares of treasury stock for $24,660 cash. August 15 Reissued 600 shares of treasury stock for $4,600cash. Septenber 15 Declared (but did not yet pay) a \$1 cash dividend on each outstanding share of connan stock. october 1 Issued 10e, 10-year, 51 , e4e bonds, at a quoted bond price of 101 . October 3 Wrote off: $1,500 balance due from a custoner who went bankrupt. Decenber 29 Recorded $236, 00e of service revenue, all of which was collected in cash. Decenber 30 Paid $206,000 cash for this year's wages through becenber 31 . (Ignore payrolt taxes and payrotl deductions.) December 31 Calculated $10,080 of depreciation for the year to be recorded. (Ignore accrual adjustments for intere Prepare the journal entries to record each transaction. Review the accounts as shown in the General Ledger and Thal Balance tabs. (Do not round intermediate colculations. If no entry is required for a transaction/event, select "No joumal entry required" in the first account field.)