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Prepare entries to record the following: SHOW YOUR WORK (a) January 1, Issued 3,000 shares of $2 par common stock at $40. (b) June 30,

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Prepare entries to record the following: SHOW YOUR WORK (a) January 1, Issued 3,000 shares of $2 par common stock at $40. (b) June 30, Purchased 700 shares of treasury stock at $20. (c) August 1, Sold the 70 shares of treasury stock purchased in (b) at $25

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