Prepare journal entries for the transactions listed below

Sheridan Corporation's balance sheet at December 31,2021, is presented as follows. During 2022, the following transactions occurred. 1. On January 1,2022, Sheridan issued 1,200 shares of $40 par, 7% preferred stock for $49,200. 2. On January 1,2022, Sheridan also issued 900 shares of the $10 par value common stock for $21,400. 3. Sheridan performed services for $351,000 on account. 4. On April 1.2022, Sheridan collected fees of $33.200 in advance for services to be performed from April 1,2022, to March 31, 2023. 5. Sheridan collected $279,900 from customers on account. 6. Sheridan bought $38,100 of supplies on account: 7. Sheridan paid $31,600 on accounts payable. 8. Sheridan reacquired 500 shares of its common stock on June 1.2022, for $26 per share. 9. Paid other operating expenses of $170,000 10. On December 32,2022, Sberidan declared the annual preferred stock dividend and a $1.20 per share dividend on the outstanding common stock all payable on )anuary 15,2023. 11. An account receivable of $1,800 which or iginated in 2021 is written off as uncollectible. Mdjustment data: 1. A count of supplies indicates that $5.500 of supplies remain unsised at year end. 2. Recorded revenue from item 4 above. 3. The allowance for doubtful accounts should have a balance of $3,800 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 $10,800. 5. The income tax rate is 30%. (Hint Prepare the income statement up to income before income taxes and multiply by 30 s to compute the arnount.)