Issued 5,000 shares of $1 par common stock for $50,000 cash. Record t.docx

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Issued 5,000 shares of $1 par common stock for $50,000 cash. Record the transaction 1 Collected $3,000 from customers on account. Record the transaction 3 Reacquired 3,000 shares of $1 par common stock into treasury for $33,000 cash. Record the transaction Reissued 2,000 shares of treasury stock for $24,000 cash. Record the transaction. Reissued 600 shares of treasury stock for $4,600 cash. 5 Record the transaction. Declared (but did not yet pay) a $1 cash dividend on each outstanding share of common stock. Record the transaction 6 7 Issued 100, 10-year, $1,000 bonds, at a quoted bond price of 101. Record the transaction. 8 Wrote off a $2,000 balance due from a customer who went bankrupt. Record the transaction. Recorded $230,000 of service revenue, all of which was collected in cash. Record the transaction 10 Paid $200,000 cash for this year's wages through December 31. Ignore payroll taxes and payroll deductions Record the transaction. 11 Calculated $10,000 of depreciation for the year to be recorded. (Ignore accrual adjustments for interest and income taxes.) Record the transaction. 12 Prepare a closing journal entry for the income statement accounts, assuming the events on December 29-31
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