2 11 14 (7.5 Grades) Hamad Town Company had the following balances in the stockholders' equity accounts at Dec. 31, 2020: -Common stock $20 par. 100,000 shares authorized, 30,000 shares issued and outstanding...$ 600,000 -Paid in Capital in Excess of Par Value, Common Stock The following transactions occurred during 2021: Retained Earings. 400,000 1,000,000 1. Feb. 20, Purchased 4,000 of its own shares for $ 30 per share. 2 March 10: Declared a $1 per share cash dividend on the outstanding common stock 3. Anal 07: Paid the cash dividends declared early in March 10 4. Max 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. 1 was $28 per share 6. Dec 10 Distributed the shares which declared on Oct. 1.1 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 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) BIUS Paragraph Arial 10pt EVE A 2 I. X O www