
(a)
Journalizing: It is the process of recording the transactions of an organization in a chronological order. Based on these
Accounting rules for journal entries:
- To increase the balance of the account: Debit assets, expenses, losses and credit all liabilities, capital, revenue, and gains.
- To decrease the balance of the account: Credit assets, expenses, losses and debit all liabilities, capital, revenue, and gains.
To prepare: The journal entries for the
(b)
To prepare: The postings to be done in the ledger account of stockholder’s equity accounts.
(c)
To prepare: The stockholder’s equity section.

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Chapter 13 Solutions
Accounting Principles, Volume 2: Chapters 13 - 26
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