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Problem 3 (10 points}. Journal entries. You wfll be required to record the journal entries for five
transactions. Study the journal entries on pp. 3 and 4 of Chapter 2 and Requirement (a) of the Chapter 2
Comprehensive Problem. You should focus on the transactions related to the sale of stock, borrowing of
money, recording of revenues and operating expenses, and the payment of interest on borrowed money.

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