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(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,

(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 Retained Eamings The following transactions occurred during 2021: 400,000 1,000,000 2.Marsh 10 Declared a $1 per share cash dividend on the outstanding common stock 1Eb 20 Purchered 4,000 of its own shares for $30 per share 3.Apr07 Pad the cash dividinds declared early in March 10 4.May 202, Sok all trasury shares for $32 each 5.01 Declared 10% stock didends 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. 0. Dec. 10. Destituted the shares which declared on Oct 1. 2.Dec. 25, Implemented a 2-for-1 stock spit, when the market value of stock was $20 per share NOTE: If there is no entry.please write: "NO ENTRY Required Prep Joumal entries to record transactions that occurred during 2021 Exampon 1ry 2000 XYZ Campeny pays $10,000 cash to purchase land Castl BINS 10000 10.000 Aval 10pt CLEARLY INDICATE THE DEBITS & CREDITS

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