Stockholders' Equity: Transactions and Balance Sheet Presentation The following is the stockholders' equity of Clipper Corporation at January 1 : Required - Prepare journal entries for the given transactions and post them to the T-accounts. Do not prepare the journal entry for the Dec. 31 transaction, but post the appropriate amount to the Retained Earnings T-account. Determine the ending balances for the stockholders' equity accounts. - Prepare the stockholders' equity section of the balance sheet at December 31. Stockholder's equity section Do not use negative signs with your answers