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On 1/2/23, Meredith, a calendar year corporation, had the following accounts: Common Stock $ 10 par, 94 shares issued $940 Paid-in-Capital - Common Stock 1,700

  On 1/2/23, Meredith, a calendar year corporation, had the following accounts: Common Stock $ 10 par, 94 shares issued $940 Paid-in-Capital - Common Stock 1,700 Treasury Stock 7 shares 161 Paid in Capital - Treasury Stock Retained Earnings 9,000 Meredith uses the cost method for treasury stock. Record the following transactions: 6/1: sold at $20 per share 3 of the treasury shares 12/1: declared a 10% stock dividend when the stock was trading for $22 per share Give the journal entries. Give support for amounts in the spaces provided.

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