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Included in the December 31, 2012, Jacobi Company balance sheet was the following shareholders' equity section:

1178_p_16-15-1_q.png

The company engaged in the following stock transactions during 2013:

2382_p_16-15-2_q.png

MAY 14 JE ANSWER
                                                                  DEBIT                  CREDIT                              

RETAINED EARNINGS                               XXXXX

COMMON STOCK TO BE DISTRIBUTED                                  XXXXX                 

ADD'L PAID IN CAPITAL FROM STOCK DIVIDEND                  XXXXX 

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  • Category:- Accounting Basics
  • Reference No.:- M91727095

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