8: Jameela Corporation reports the following stockholders' equity section on December 31, 2019. Common Stock, $10 Par value: 200,000 share authorized: 120,000 shares issued and outstanding Paid-in-capital in excess of par value, common stock Retained Earnings Total $1,200,000 330,000 800.000 $2,330,000 Jameela Corporation completed the following transactions related to stockholders' equity in 2020. Feb 15 March 01 March 31 July 10 Oct 25 Dec 01 Dec 15 Dec 31 Directors declared a $1.5 per share cash dividend payable on March 31 to the Feb. 25 stockholders of record. Purchased 15,000 shares of its own common for $13 per share. Paid the cash dividend declared on Feb 15. Sold 5,000 of its treasury shares at $13 cash per share. Directors declared a 30% stock dividend when the market price is $15. Distributed stock dividends declared on Oct 25. The company implemented 2-for-1 stock split for its common stock. Closed the $200,000 credit balance in Income Summary account (from net income) E C Required: NOMICS LEARNING Prepare journal entries to record each of these transactions for 2020 ENTER Question 3: Harton Corporation had the following balances in its stockholder's equity accounts at December 31, 2009: Common stock, $10 par value; 40,000 shares authorized, issued and outstanding. $400,000 Paid-in-capital in excess of par value, Common stock 200,000 500,000 Retained Earnings The following transactions were completed during 2010: Issued 10,000 shares of common stock exchange for equipment with a market value of $110,000. Feb 14 March 25 Issued 1,000 shares of common stock for $13 cash per share. May 10 June 1 Declared 30% stock dividends to the stockholders of record on May 20. The market value of stock on May 10 was $17 per share. Distributed the stock dividend declared on May 10. July 25 The board implemented a 2-forl stock split, when the market value of stock was $16 per share. Required: Prepare Journal entries to record above selected transactions