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Accounting Ledger Problem

Accounting Ledger Problem.

Need help with my Accounting question – I’m studying for my class.

Details are in the file. Financial accounting problems

During 2022, the following transactions occurred.

1. On January 1, Bramble issued 840 shares of $40 par, 7% preferred stock for $34,440.
2. On January 1, Bramble also issued 630 shares of the $10 par value common stock for $14,700.
3. Bramble performed services for $224,000 on account.
4. On April 1, 2022, Bramble collected fees of $25,200 in advance for services to be performed from April 1, 2022, to March 31, 2023.
5. Bramble collected $193,200 from customers on account.
6. Bramble bought $24,570 of supplies on account.
7. Bramble paid $22,540 on accounts payable.
8. Bramble reacquired 280 shares of its common stock on June 1 for $28 per share.
9. Paid other operating expenses of $131,740.
10. On December 31, 2022, Bramble declared the annual preferred stock dividend and a $1.20 per share dividend on the outstanding common stock, all payable on January 15, 2023.
11. An account receivable of $1,190 which originated in 2022 is written off as uncollectible.

Accounting Ledger Problem