National Companies, reported the following account balances on January 1. 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 Debit Credit $ 5,000 $ 30,000 120,000 2.000 0 277,000 17.500 10,000 17,500 120,000 0 $ 299,500 $299,500 TOTALS The company entered into the following transactions during the year. January 15 Issued 20,000 shares of $1 par common stock for $80,000 cash. January 31 Collected $3,000 from customers on account. February 15 Reacquired 3,300 shares of $1 par common stock into treasury for $36, 300 cash. March 15 Reissued 2, 300 shares of treasury stock for $27.300 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. 160 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 $260,000 of service revenue, all of which was collected in cash. December 30 Paid $230,000 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.) General Requirement Journal General Ledger Trial Balance Balance Sheet Debt to Assets Ratio 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.) View transaction list Journal entry worksheet 2 3 4 5 6 7 8.. 13