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30 minutes time limet please help Arabian Gulf Corporation reports the following stockholders equity section on December 31, 2020 - Common stock; $10 par value;
30 minutes time limet please help
Arabian Gulf Corporation reports the following stockholders equity section on December 31, 2020 - Common stock; $10 par value; 500,000 shares authorized: 200,000 shares issued and outstanding. -Paid in capital in excess of par value, common stock $2,000,000 400,000 000.000 -Retained earnings.... Total $3,300,000 The Corporation completed the following transactions in 2021. 1-Jan, 10, Directors declared a $1 per share cash dividend payable on March 15 to the Jan 31 stockholders of record. 2- Mar. 01, Purchased 10,000 shares of its own common for $15 per share. 3- Mar. 15, Paid the cash dividend declared on Jan. 10. 4- May 01, Sold 6,000 of its treasury shares at $15 cash per share. 5- Sep. 30, Directors declared a 30% stock dividend when the share market price is $16. 6- Nov. 01, Distributed stock dividends declared on Sep. 30. 7-Nov. 15, The company implemented 5-for-1 stock split for the common stock. Required; Prepare journal entries to record each of these transactions for 2021 Step by Step Solution
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