Ocean View Properties, 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 TOTALS Debit $ 5,000 263,000 14,000 Requirement 0 General Journal Credit General Ledger $ 30,000 106,000 2,000 0 The company entered into the following transactions during the year. January 15 Issued 13,000 shares of $1 par common stock for $66,000 cash. January 31 Collected $3,000 from customers on account. February 15 Reacquired 3,160 shares of $1 par common stock into treasury for $34,760 cash. March 15 Reissued 2,160 shares of treasury stock for $25,760 cash. 10,000 14,000 120,000 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. $ 282,000 $ 282,000 October 1 Issued 100, 10-year, $1,090 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 $246,000 of service revenue, all of which was collected in cash. December 30 Paid $216,000 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.) Trial Balance Balance Sheet Debt to Assets Ratio

Ocean Vlew Properties, reported the following account balances on January 1 The company entered into the following transactions during the year. January 15 Issued 13,000 shares of $1 par comon stock far $66,000 cash. January 31 collected $3,800 fron custoners on ac count. february is Meacquired 3,160 shares of $1 par coemon stock into treasury for 534,760 cash. March 15 Reissued 2,160 shares of treasury stock for $25,760 cash. August 15 Reissued 600 shares of treasury stock for $4,600 cash. septenber is beclared (but did not yet pay) a $1 cash dividend on each outstanding share of common stock. October 1 Issued 100, 10-year, $1,090 bonds, at a quoted bond peice of 101 . October 3 wrote off a $1,500 balance due from a custoeer who pent bankrupt. Decenber 29 Mecorded 5246,000 of service revenue, a11 of which was collected in cash. Decenber 30 paid $216,000 cash for this year's wages through Decenber 31 . (Ignore payroll taxes and payroll deductions.) Decenber 31 Calculated 510,000 of depreciation for the year to be recorded. (Ienore accrual adjustments for interest and incoer taxes.)