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  3. 3. cactus joe corporation reported stockholders' e

3. Cactus Joe Corporation reported stockholders' equity on January 1 of the current year as...

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Accounting

3. Cactus Joe Corporation reported stockholders' equity on January 1 of the current year as follows: Common Stock, $5 par value, 1,000,000 shares authorized, 600,000 shares

issued; Paid-in Capital in Excess of Par Value, Common Stock, $1,025,000 ; Retained

Earnings, $1,850,000. Prepare journal entries to record the following transactions

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