(7.5 Grades) Hamad Town Company had the following balances in the stockholders' equity accounts at Dec. 31, 2009 -Common stock, $10 par, 50,000 shares authorized, 30,000 shares issued and outstanding -Paid in Capital in Excess of Par Value, Common Stock $300.000 200.000 The following transactions occurred during 2021: -Retained Earnings 1. Feb. 20 Purchased 2,000 of its own shares for $ 15 per share. 500.000 2. March 10 Declared a $1 per share cash dividend on the outstanding common stock. 3. April0Z Paid the cash dividends declared early in March 10 4 May 20: Sold all treasury shares for $16 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 man was $14 per share. 5 Dec. 10: Distributed the shares which declared on Oct. 1.) Dec. 25; Implemented a 2-for-1 stock split, when the market value of stock was $26 per share. OTE: If there is no entry, please write: "NO ENTRY" equired: Prepare Journal entries to record transactions that occurred during 2021. CLEARLY INDICATE THE DEBITS & CREDITS ample: on 1 January 2020, XYZ Company pays $10,000 cash to purchase land swer: 2020 Land Cr. Cash 10,000 10,000 toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). 2 P > c IUS Paragraph Arial 10pt DELL Od 1 www