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I need help preparing the following opening adjustments using the journal. ADJ1 - Transfer $200 of Uncategorized Income to the Opening Balance Equity account. ADJ2
I need help preparing the following opening adjustments using the journal.
ADJ1 - Transfer $200 of Uncategorized Income to the Opening Balance Equity account.
ADJ2 - Transfer the Opening Balance Equity account balance to the Capital Stock account. Use Entry No. Open ADJ2.
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