Seved 11 Accounts Receivable Debit $ 5,000 Accumulated Depreciation Additional Paid-in Capital Allowance for Doubtful Accounts 6 Bonds Payable nts Buildings Cash eBook Notes Payable (long-term) Common Stock, 10,000 shares of $1 par Retained Earnings Print Treasury Stock TOTALS eferences ic. raw Credit $ 30,000 128,000 2,000 0 285,000 19,500 10,000 19,500 120,000 0 $309,500 $309,500 Help Save & Exit Submit Check my work The company entered into the following transactions during the year. January 15 Issued 24,000 shares of $1 par common stock for $88,000 cash. January 31 Collected $3,000 from customers on account. February 15 Reacquired 3,380 shares of $1 par common stock into treasury for $37,180 cash. March 15 Reissued 2,300 shares of treasury stock for $28, 180 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, $1,200 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 $268,000 of service revenue, all of which was collected in cash. December 30 Paid $238,000 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.) General Requirement General Trial Balance Balance Sheet Debt to Assets Dan *** board One.IU | All IU Ca.... Youtube Chapter 11 Assignment Saved 11 the amount of Retained earnings. At the end of the year, the adjusted net income was $20,000. CEDRIC PRODUCTIONS Classified Balance Sheet At December 31 1.66 points eBook Print References IMC $ 0 0 0 0 0 0 0 $ 0 0 0 0 0 ok Requirement nt ences General Journal General Ledger Trial Balance Balance Sheet Debt to Assets Ratio Calculate the Debt to Assets Ratio and analyze the impact of the Debt to Assets Ratio. (Round your answer to 2 decimal places.) Calculate the debt-to-assets ratio at December 31) Debt to Assets Ratio Does the company rely more (or less) on debt financing at the end of the year than at the beginning of the year? OMore Less < Balance Sheet Debt to Assets Ratio >