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(8 Marks) Jameela Corporation reports the following stockholders equity section on December 31, 2019. - Common stock; $10 par value; 200,000 shares authorized; 120,000 shares

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(8 Marks) Jameela Corporation reports the following stockholders equity section on December 31, 2019. - Common stock; $10 par value; 200,000 shares authorized; 120,000 shares issued and outstanding ...... .. ............- .$ 1,200,000 - Paid-in capital in excess of par value, common stock 330,000 - Retained earnings................ . . ..... ....800,000 Total $2,330,000 Jameela Corp. completed the following transactions related to stockholders' equity in 2020. 1- Feb. 15, Directors declared a $1.50 per share cash dividend payable on March 31 to the Feb. 25 stockholders of record. 2- Mar. 01, Purchased 15,000 shares of its own common for $13 per share. 3- Mar. 31, Paid the cash dividend declared on Feb. 15. 4- July 10, Sold 5,000 of its treasury shares at $13 cash per share. 5- Oct. 25, Directors declared a 30% stock dividend when the share market price is $15. 6- Dec. 01, Distributed stock dividends declared on Oct. 25. 7- Dec. 15, The company implemented 2-for-1 stock split for its common stock. 8- Dec. 31, Closed the $200,000 credit balance in the Income Summary account (from net income). Required: Prepare journal entries to record each of these transactions for 2012

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