Accounting Ledger Problem

Question Description

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.



^{Have a similar assignment? "Place an order for your assignment and have exceptional work written by our team of experts, guaranteeing you A results."}

Our Service Charter

1. Professional & Expert Writers: Eminence Papers only hires the best. Our writers are specially selected and recruited, after which they undergo further training to perfect their skills for specialization purposes. Moreover, our writers are holders of masters and Ph.D. degrees. They have impressive academic records, besides being native English speakers.

2. Top Quality Papers: Our customers are always guaranteed of papers that exceed their expectations. All our writers have +5 years of experience. This implies that all papers are written by individuals who are experts in their fields. In addition, the quality team reviews all the papers before sending them to the customers.

3. Plagiarism-Free Papers: All papers provided by Eminence Papers are written from scratch. Appropriate referencing and citation of key information are followed. Plagiarism checkers are used by the Quality assurance team and our editors just to double-check that there are no instances of plagiarism.

4. Timely Delivery: Time wasted is equivalent to a failed dedication and commitment. Eminence Papers are known for the timely delivery of any pending customer orders. Customers are well informed of the progress of their papers to ensure they keep track of what the writer is providing before the final draft is sent for grading.

5. Affordable Prices: Our prices are fairly structured to fit in all groups. Any customer willing to place their assignments with us can do so at very affordable prices. In addition, our customers enjoy regular discounts and bonuses.

6. 24/7 Customer Support: At Eminence Papers, we have put in place a team of experts who answer all customer inquiries promptly. The best part is the ever-availability of the team. Customers can make inquiries anytime.