Please help with each requirement!
he company entered into the following transactions during the year. January 15 Issued 7,000 shares of $1 par common stock for $54,000 cash. January 31 Collected $3,000 from customers on account. February 15 Reacquired 3,040 shares of $1 par common stock into treasury for $33,440 cash. March 15 Reissued 2,040 shares of treasury stock for $24,440 cash. August 15 Reissued 600 shares of treasury stock for $4,600 cash. eptember 15 Declared (but did not yet pay) a $1 cash dividend on each outstanding share of common stock. October 1 Issued 100,10 -year, $1,030 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 $234,000 of service revenue, all of which was collected in cash. December 30 Paid $204,000 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 intere and income taxes.) General Journal tab - Prepare the journal entries to record each transaction. Review the accounts as shown in the General Ledger and Trial Balance tabs. General Ledger tab - Each journal entry is posted automatically to the general ledger. Trial Balance tab - The option you choose will be the values used to populate the balance sheet tabs. Balance Sheet tab - Prepare the noncurrent liabilities and stockholders' equity sections of the balance sheet at December 31 . At the end of the year, the adjusted net income was $20,000. General Journal tab - Prepare a closing journal entry for the income statement accounts, assuming the events on December 29-31 were the only transactions to affect income statement accounts. General Journal tab - After preparing the financial statements, record the closing entry for Dividends. Impact on Debt to Assets Ratio tab - Calculate the Debt to Assets Ratio and analyze the impact of the Debt to Assets he company entered into the following transactions during the year. January 15 Issued 7,000 shares of $1 par common stock for $54,000 cash. January 31 Collected $3,000 from customers on account. February 15 Reacquired 3,040 shares of $1 par common stock into treasury for $33,440 cash. March 15 Reissued 2,040 shares of treasury stock for $24,440 cash. August 15 Reissued 600 shares of treasury stock for $4,600 cash. eptember 15 Declared (but did not yet pay) a $1 cash dividend on each outstanding share of common stock. October 1 Issued 100,10 -year, $1,030 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 $234,000 of service revenue, all of which was collected in cash. December 30 Paid $204,000 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 intere and income taxes.) General Journal tab - Prepare the journal entries to record each transaction. Review the accounts as shown in the General Ledger and Trial Balance tabs. General Ledger tab - Each journal entry is posted automatically to the general ledger. Trial Balance tab - The option you choose will be the values used to populate the balance sheet tabs. Balance Sheet tab - Prepare the noncurrent liabilities and stockholders' equity sections of the balance sheet at December 31 . At the end of the year, the adjusted net income was $20,000. General Journal tab - Prepare a closing journal entry for the income statement accounts, assuming the events on December 29-31 were the only transactions to affect income statement accounts. General Journal tab - After preparing the financial statements, record the closing entry for Dividends. Impact on Debt to Assets Ratio tab - Calculate the Debt to Assets Ratio and analyze the impact of the Debt to Assets
