12 (7.5 Grades) Hamad Town Company had the following balances in the stockholders' equity accounts at Dec. 31, 2020: Common stock, $10 par, 50,000 shares authorized, 30,000 shares issued and outstanding Paid in Capital in Excess of Par Value, Common Stock Retained Eamings $300,000 200,000 500,000 The following transactions occurred during 2021; 1 Feb 20 Purchased 2,000 of its own shares for $ 18 per share 2 March 10 Declared a $2 per share cash dividend on the outstanding common stock. 3.April 07, Paid the cash dividends declared early in March 10 4.May.20 Sold all treasury shares for $19 each 5 Oct 1, Declared 10% stock dividends on the outstanding common stock for the record of Nov 1 and to be distributed on Dec. 10, The market value of stock on Oct. 1 was ST 6. Dec 10 Distributed the shares which declared on Oct. 1. 7. Dec. 25 Implemented a 2-for-1 stock split, when the market value of stock was $26 per share NOTE: If there is no entry, please write: "NO ENTRY" Required: Prepare Joumal entries to record transactions that occurred during 2021. Example on 1 January 2020, XYZ Company pays $10,000 cash to purchase land Abst 17/2020 Dr Land Cr Cash 10,000 10,000 For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac CLEARLY INDICATE THE DEBITS & CREDITS B IUS Paragraph v Arial 10pt and outstanding $300,000 200,000 500,000 anding common stock on stock for the record of Nov. 1 and to be distributed on Dec. 10, The market value of stock on Oct 1 was $14 per share. e of stock was $26 per share. red during 2021 purchase land Opt !!! CLEARLY INDICATE THE DEBITS & CREDITS !!! A 2 11