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Journalize the transactions and the closing entry for net income. (Record journal entries in the Date Account Titles and Explanation Debit Credit Enter the beginning balances in the accounts, and post the journal entries to the stockholders' equity accounts. (Use J5 for the posting reference.) Preferred Stock Date Explanation Ref Debit Credit Balance Balance Common Stock Date Explanation Ref Debit Credit Balance Balance J5 J5 Paid-in Capital in Excess of Par-Preferred Stock Date Explanation Ref Debit Credit Balance Balance Paid-in Capital in Excess of Stated Valu Stock Date Explanation Ref Debit Credit Balance Balance J5 J5 Paid-in Capital from Treasury Stock Date Explanation Ref Debit Credit Balance 15 Retained Earnings Date Explanation Ref Debit Credit Balance Balance 15 Treasury Stock Date Explanation Ref Debit Credit Balance Balance 15 15 List Of Accounts Problem 13-03A a-c (Video) Accounts Receivable Cash Common Stock Equipment Income Summary Inventory Land Organization Expense Paid-in Capital from Treasury Stock Paid-in Capital in Excess of Par-Common Stock Paid-in Capital in Excess of Par-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Patents Preferred Stock Retained Earnings Share Capital-Ordinary Share Capital-Preference Share Premium-Ordinary Share Premium-Preference Treasury Stock