need help to create a accounting cycle

prepare journal entries for the transactions above and adjusting entries.

Pronghorn Corp's balance sheet at December 31, 2021, is presented below. PRONGHORN CORP Balance Sheet December 31, 2021 Cash $44,280 Accounts payable $46,080 Accounts receivable 81,900 Common stock ($10 par) 144,000 Allowance for doubtful accounts (2,700) Retained earnings 229,320 Supplies 7.920 Land 72,000 Buildings 255,600 Accumulated depreciation-buildings (39,600 ) $419,400 $419,400 During 2022, the following transactions occurred. 1. On January 1, Pronghorn issued 2,160 shares of $40 par, 7% preferred stock for $88,560. 2. On January 1, Pronghorn also issued 1,620 shares of the $10 par value common stock for $37.800. 3. Pronghorn performed services for $576,000 on account. 1 On Arril 1902 Dronnborrollortor face of Chinnin advance for canticor the Anril 19099 to March 21 2073 arch o e o 10:47 AM ug ^ 0 ) 1/24/2020 During 2022, the following transactions occurred. 1. On January 1, Pronghorn issued 2,160 shares of $40 par, 7% preferred stock for $88,560. 2. On January 1, Pronghorn also issued 1,620 shares of the $10 par value common stock for $37,800. 3. Pronghorn performed services for $576,000 on account. 4. On April 1, 2022, Pronghorn collected fees of $64,800 in advance for services to be performed from April 1, 2022, to March 31, 2023. 5. Pronghorn collected $496,800 from customers on account. 6. Pronghorn bought $63,180 of supplies on account. 7. Pronghorn paid $57,960 on accounts payable. 8. Pronghorn reacquired 720 shares of its common stock on June 1 for $28 per share. 9. Paid other operating expenses of $338,760. 10. On December 31, 2022, Pronghorn 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 $3,060 which originated in 2022 is written off as uncollectible. Adjustment data: 1. A count of supplies indicates that $10,620 of supplies remain unused at year-end. 2. Recorded revenue from item 4 above. 3. The allowance for doubtful accounts should have a balance of $6,300 at year end. 4. Depreciation is recorded on the building on a straight-line basis based on a 30-year life and a salvage value of $18,000. 5. The income tax rate is 30%. (Hint: Prepare the income statement up to income before taxes and multiply by 30% to compute the amount.) o Hi e = 3 0 Ti O = 4) HH2020