I am having trouble figuring out the July 1st journal entry, July 31st journal entry and December 1st journal entry. Please write the work on how you got to the answer for those. Thank you
On January 1, 2022, Bramble Corp. had the following stockholders' equity accounts. Common Stock ($20 par value, 65,400 shares issued and outstanding) Paid-in Capital in Excess of Par-Common Stock Retained Earnings $1,308,000 192,000 615,000 During the year, the following transactions occurred. Feb. 1 Mar. 1 Apr. 1 July 1 Declared a $2 cash dividend per share to stockholders of record on February 15, payable March 1. Paid the dividend declared in February Announced a 2-for-1 stock split. Prior to the split, the market price per share was $40. Declared a 10% stock dividend to stockholders of record on July 15, distributable July 31. On July 1, the market price of the stock was $15 per share. Issued the shares for the stock dividend. Declared a $0,40 per share dividend to stockholders of record on December 15, payable January 5, 2023. Determined that net income for the year was $365,000. 31 Dec 1 31 (a) Your answer is partially correct. Journalize the transactions and the closing entries for net income and dividends. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts . Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit Feb. 1 Cash Dividends 130.800 Dividends Payable 130,80% Mar. 1 Dividends Payable 130,800 Debit Credit Date Account Titles and Explanation Feb. 1 130.800 Cash Dividends 130,800 Dividends Payable Mar. 1 Dividends Payable 130,800 Cash 130,800 0 Apr. 1 No Entry No Entry 0 July 1 Stock Dividends 130.800 Common Stock Dividends Distributable 98,100 Pald-in Capital in Excess of Par-Common Stock 32,700 July 31 Common Stock Dividends Distributable 98.100 Common Stock 98,100 Dec. 1 Cash Dividends 27.468 Dividends Payable 27.468 Dec 31 Income Summary 365,000 365.000 Retained Earnings (To close net income) Retained Earnings Dec. 31 130,800 Stock Dividends 130,800 (To close stock dividends) Retained Earnings Dec. 31 27.468 Cash Dividends 27,468 (To close cash dividends)