14 (7.5 Grade) Hamad Town Company had the following balances in the stockholders' equity accounts at Dec. 31, 2020 Common stock, $20 per 100,000 shares authorized, 30,000 shares issued and outstanding 000.000 Paid in Capital in Excess of Par Value, Common Stock -Retained Eamings The following transactione occurred during 2021 400,000 1,000,000 2. March 10 Declared a $1 per share cash dividend on the outstanding common stock 3.April 07: Paid the cash dividende declared early in March 10. 1. Feb. 20, Purchased 4,000 of its own shares for $ 30 per share 4. May 20: Sold all treasury shares for $32 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. 11 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 $20 per share. NOTE: If there is no entry, please write: "NO ENTRY Required: Prepare Journal entries to record transactions that occurred during 2021. CLEARLY INDICATE THE DEBITS & CREDITS Example: on 1 January 2020, XYZ Company pays $10,000 cash to purchase land Answer 1/1/2020 Dr. Land Cr. Cash 10,000 10,000 For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac) B I US Paragraph v Arial Te - V 10pt ST "S2 EY 3 L IQ B * 02 e