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will give a thumbs up! The stockholders' equity accounts of Novak Corp on January 1, 2022, were as follows. During 2022, the corporation had the

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The stockholders' equity accounts of Novak Corp on January 1, 2022, were as follows. During 2022, the corporation had the following transactions and events pertaining to its stockholders' equity. No dividends were declared during the year. Journalize the transactions and the closing entry for net income. (Record joumal entries in the order presented in the problem. Credit account biles are automutically indented when amount is the amounts) Enter the beginninc balances in the accounts, and post the journal entries to the stockholders' equity accounts, (Post entrier in the order of joumbl entries presen thd is the previoud part) Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings Paid-in Capital from Treasury Stock

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