Post journal entries for equity transactions and closing entries for:
Balances in stockholders accounts of Waters Corporation on Jan 1, 2013 were: Preferred stock(10% $100par,non-cumulative, 7,500 shared authorized) -207,500 common stock ($10 par value, 350,000 shares authorized) - 654,000 Paid-in capital in excess of par value-preferred stock - 60,000 Paid-in capital in excess of par value - common stock - 1,470,000 Retained earnings - 332,000 Treasury stock-common(10,400 shares) - 124,800