O'My Corporation had the following transactions during the month:

Sold office furniture for $13,000.Cost was $17,800 and accumulated depreciation was $14,400.

Purchased equipment for $20,000

Paid a $15,000 note payable off.

The company wrote off $25,000 of fully depreciated long term assets.

The company agreed to allow the president to borrow $15,000 on a note from the corporation next month if he needed the funds.

Borrowed $35,000 on a new note payable

Converted a $100,000 bond payable into common stock.Each bond was worth 200 shares of $5 par with a market price of $15.

Declared and paid $8,000 in cash dividends

Loss for the period was $45,000

Accounts of O'My Corporation included the following:

Accounts of U My Corporation inclu Account 1/1/1 1 A/R 15,000 Inventory 13,000 Supplies 6,000 Books Receivable 4,500 Paper Products 6,000 Long Term Assets A/P 15,000 N/P (long term) 15,000 Other Long Term Liabilities Equity Items