2 (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 $300,000 -Paid in Capital in Excess of Par Value, Common Stock -Retained Earnings The following transactions occurred during 2021: 200,000 500,000 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: Gold all treasury shares for $10 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 $14 per stan 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 Joumal 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 10,000 Ce Cash 10,000 w