Question: I need journal entries for all the transactions. Kingbird, Corporation's balance sheet at December 31, 2021, is presented as follows. KINGBIRD, CORPORATION Balance Sheet December

Kingbird, Corporation's balance sheet at December 31, 2021, is presented as follows. KINGBIRD, CORPORATION Balance Sheet December 31, 2021 Cash Accounts receivable Allowance for doubtful accounts Supplies Land Buildings Accumulated depreciationbuildings $26,400 45,500 (1,500 4,400 40,600 136,400 (21,000 $230,800 Accounts payable Common stock ($ 10 par) Retained earnings $26,900 77.000 126.900 $230,800 During 2022, the following transactions occurred, I. 2. 3. 4. 5. 6, 8, 9. 10. On January 1, 2022, Kingbird, issued 1,100 shares of $40 par, 7% preferred stock for $45, 100. On January 1, 2022, Kingbird, also issued 800 shares of the $10 par value comrnon stock for $22700. Kingbird, performed services for $335,000 on account. On April 1, 2022, Kingbird, collected fees of $34,000 in advance for services to be performed from April 1, 2022, to March 31, 2023. Kingbird, collected $290,600 from customers on account. Kingbird, bought $33,400 of supplies on account. Kingbird. paid $35,200 on accounts payable. Kingbird, reacquired 500 shares of its common stock on June 1, 2022, for $29 per share Paid other operating expenses of $ 171,100. On December 31, 2022, Kingbird, declared the annual preferred stock dividend and a $1,30 per share dividend on the outstanding common stock, all payable on January 15, 2023. An account receivable of $ 1,800 which originated in 2021 is written off as uncollectible. Adjustment data: 1. 2, 3. 4. A count ot supplies indicates that $6,500 of supplies remain unused at year-end. Recorded revenue from item 4 above. The allowance for doubtful accounts should have a balance of $3,900 at year encL Depreciation is recorded on the building on a straight-line basis based on a 30-year lite and a salvage value of $10,400. The income tax rate is 30%. (Hint: Prepare the income statement up to income before income taxes and multiply by 30% to compute the amount) I Prepare journal entries for the transactions listed above- (Credit account titles are automatically indented when amount is entered. Do not indent manually. It no entry is required. select -No Entry- tor the account titles and enter O tor the amounts. Record journal entries in the order presented in the problem.)
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