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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

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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 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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