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15 points (7.5 Grades) Hamnad Town Company had the following balances in the stockholders' equity accounts at Dec 31, 2020 Common stock. Stopar, 50.000 shares
15 points (7.5 Grades) Hamnad Town Company had the following balances in the stockholders' equity accounts at Dec 31, 2020 Common stock. Stopar, 50.000 shares authorized, 30,000 shares issued and outstanding $ 300,000 Paldin Capital in Excess of Par Volume Common Stock 200,000 - Retained Earning 500.000 The following transactions occurred during 2021: 1. Feb 20. Purchased 2.000 of its own shares for $ 15 per share. 2. March 10-Declared a $t per share cash dividend on the outstanding common stock J. Arl07: Paid the cash dividends declared early in March 10 4 May 20. Sold all treasury shares for $16 each 5.Od. 1 Declared 10% stock dividends on the outstanding common stock for the record of Now 1 und to be distributed on Dec. 10. The marketom of stock on Od 1 was 514 per share Dec 10. Distributed the shares which declared on Oct 1 7. Dec 25 Implemented a 2 for 1 sfock spit, when the market value of stock was $26 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 January 2020, XYZ Company pays $10,000 cash to purchase and Answer 757020 Dr Land 10.000 Cr Cain 10,000 Ethernhar no ALTF10 PC or ALTEN.F10 Mac
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