4 (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: 1. Feb. 20: Purchased 2,000 of its own shares for $ 15 per share. 2. March 10: Declared a $1 per share cash dividend on the outstanding common stock 3 Apr 07: Paid the cash dividends declared early in March 10. 4. May 20: Sold all treasury shares for $16 each 200,000 500,000 5.Oct. 1: Dedared 10% stock dividends on the outstanding common stock for the recond of Nov. 1 and to be darbuted on Dec. 10, The market value of stock on Oct. 1 was $14 per have Dec. 10: Distributed the shares which declared on Oct. 1, 7. Dec. 25: Implemented a 2-for-1 stock spit, when the market value of stock was 520 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 wind Answer: 371/2020 Dr Land Cr. Cash 10.000 10.000 for the toolbar, press AL-F10 (PC) or AL10 Ma B Paragraph 3 Avis v. 10p xx 2 The 4 135~ r " "O ED 00 13.5 point