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.

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, $$1,090$ 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.$)$

Answer is not complete.

Requirement

General

General

Journal

Trial Balance

Balance Sheet

Debt to Assets

Ledger

Ratio$\backslash$

$\backslash$table$[[$At December $31],[$Assets$,,\backslash$theta $],[$Current Assets,O$/,],[$Cash$,$hat$(\backslash$psi $),218,690],[$Accounts Receivable,grad$^(**),500],[$Allowance for Doubtful Accounts,grad$^($A$),(500)],[,0],[$Total Current Assets,$0,218,690],[$Buildings$,$grad$^(**),263,000],[$Accumulated Depreciation$-$Buildings,$0^($A$),(40,000)],[$Total Assets,$*$ $$,441,690],[$Liabilities and Stockholders' Equity,,$(2],[$Liabilities$,\backslash$theta $,],[$Current Liabilities,$\backslash$theta $,],[$Dividends Payable,gradA,$22,600],[,0],[$Total Current Liabilities,$\backslash$theta $,22,600],[$Noncurrent Liabilities,$(,],[$Premium on Bonds Payable,$\backslash$theta $^($A$),1,090],[$Notes Payable $($long$-$term$),$grad$^(**),14,000],[$Bonds Payable,grad$1,109,000],[,0],[,124,090],[$Total Liabilities,$*,146,690],[$Stockholders$\text{'}$ Equity,$0,]]$

$\backslash$table$[[$Liabilities and Stockholders' Equity,$(2],[$Liabilities$,$O$/,],[$Current Liabilities,$2,],[$Dividends Payable,$2,22,600],[,0],[$Total Current Liabilities,O$/,22,600],[$Noncurrent Liabilities,$\backslash$theta $,],[$Premium on Bonds Payable,$\backslash$theta $\backslash$deg $,1,090],[$Notes Payable $($long$-$term$),2,14,000],[$Bonds Payable,grad,$109,000],[,0],[,124,090],[$Total Liabilities,$2,146,690],[$Stockholders$\text{'}$ Equity,$\backslash$theta $,],[$Contributed Capital,$\backslash$theta $,],[$Common Stock,$\backslash$theta $^(\text{'}),23,000],[$Additional Paid$-$In Capital, Common Stock,$2,159,000],[,0],[$Total Contributed Capital,$\backslash$theta $,182,000],[$Retained Earnings,$,117,400$vv$],[$Total$,,299,400],[$Treasury Stock,grad,$(4,400)],[$Total Stockholders' Equity,$,295,000],[$Total Liabilities and Stockholders' Equity,$5,$$$,441,690]]$

$($I AM MISSING A ENTRY INTO THE BALENCE SHEET AND I AM NOT SURE WHAT IT IS$)$

Ocean View 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 $$1$ par common stock for $$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.

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.

$0$ctober $1$ 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.$)$