Rudler Associates, reported the following account balances on January 1, Debit $ 5,000 Credit $ 30,000 130,000 2,000 0 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 287,000 20,000 10,000 20,000 120,000 $ 312,000 $ 312,000 The company entered into the following transactions during the year. January 15 Issued 25,000 shares of Si par common stock for $90,000 cash. January 31 collected $3,000 from customers on account. February 15 Reacquired 3,400 shares of $1 par common stock into treasury for $37,400 cash. March 15 Reissued 2,400 shares of treasury stock for $28,400 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 common stock. October 1 Issued 100, 10-year, $1,210 bonds, at a quoted bond price of 101. October 3 wrote ofta $1,500 balance due from a customer who went bankrupt. December 29 Recorded $270,000 of service revenue, all of which was collected in cash. December 30 Paid $240,000 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.) No Date Credit 1 January 15 General Journal Cash Common Stock Additional Paid-In Capital, Common Stock Debit 90,000 loo 00 25,000 65,000 2 January 31 Cash Accounts Receivable 3,000 3,000 3 February 15 Treasury Stock Cash 37,400 37,400 4 March 15 28.400 Cash Treasury Stock Additional Paid-In Capital, Treasury Stock 26,400 2.000 OOO OO 5 August 15 Cash Additional Paid-In Capital, Treasury Stock Treasury Stock 4,600 2,000 6,600 6 September 15 Dividends Dividends Payable >> 12,600 12,600 7 October 01 102,010 Cash Bonds Payable Premium on Bonds Payable 101.000 x 1.010 Premium on Bonds Payable 1,010 X C 8 October 03 Allowance for Doubtful Accounts Accounts Receivable 2,000 2.000 x 9 December 29 Cash > 246,000 Service Revenue 246,000 10 December 30 Salaries and Wages Expense 216,000 Cash 216,000 11 December 31 Depreciation Expense Accumulated Depreciation Equipment X the amount or Retained earnings. At the end of the year, the adjusted net income was $20,000. RUDLER ASSOCIATES Classified Balance Sheet At December 31 $ 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3 0 0 olo 0 0 0 0 0 0 0 O O O O OOOO Total 0 0 0 0