7.5 points Qurbation 12 (7.5 Gradea) Hamad Town Company had the following balance in the stockholders' equity accounts at Dec 31, 2020: - Common stock, $10 per 50,000 shares authorized, 30,000 shares issued and outstanding .....$300,000 - Paldin Capital in Excess of Par Value, Common Stock 200,000 -Retained Earnings 500,000 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. April 07Paid the cash dividends declared early in March 10, 4 May 20: Sold all treasury shares for $16 och. 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 o was $14 per share 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 $26 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 land Answer 112020 Dr. Land 10.000 Cr. Cash 10,000 MacBook Pro BET OP 2. E 3 $ 4 % 5 1