National Companies, reported the following account balances on January 1 Accounts Receivable Accumulated Depreciation Additional Paid-in Capital Allowance for Doubtful Accounta Credit $5,000 $30,000 120.000 2.000 Bonde Payable 0 ildings 277,000 Carh 17.500 Conson Stock, 10,000 shares of $1 p 10.000 Bates Payable long-term) 11,500 Retained Earnings 120,000 Treasury Stock TOTALS $299,500 5.299.500 The company entered into the following transactions during the year. January 15 Ted 20,000 shares of $1 per 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 Reinued 2. 300 shares of treasury stack fee $27, 300 cash. Augurt 15 Releed 600 shares of treasury stock for $4,600 September 15 Declared (but did not yet pay) $1 cash dividend on each outstanding share of common stock. October 1 Isrued 100, 10-year, $1, 160 bands, at a quoted bond price of 101. October 3 Vrate off $1,800 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. (Ignare paroll taxes and parell deductions.) December 31 Calculated $10,000 of depreciation for the year to be recorded (Ignace accrual adjustment for interest and incuse Requirement General 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 tabe. (Do not round intermediate calculations. If no entry is required for a transaction/event, select "No journal entry required" in the first account