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Journalize the following treasury stock transactions: On August 1, Caleb Corporation purchased 2,000 shares of its $10 par value common stock for $130,000. It will

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Journalize the following treasury stock transactions: On August 1, Caleb Corporation purchased 2,000 shares of its $10 par value common stock for $130,000. It will hold these shares in the treasury until resold. On December 1, the corporation sold 1,200 shares of treasury stock for cash at $72 per share

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