Question: 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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