amad Town Company had the following balances in the stockholders' equity accounts at Dec. 31, 2020 -Common stock, $10 par, 50,000 shares authorized, 30,000 shares issued and outstanding $300.000 -Paid in Capital in Excess of Par Value, Common Stock - Retained Earnings The following transactions occurred during 2021: 1. Feb 20: Purchased 2,000 of its own shares for $18 per share 2. March 10 Declared a $2 per share cash dividend on the outstanding common stock 3. April 07 Paid the cash dividends declared early in March 10. 4. May 20 Sold all treasury shares for $19 each 200,000 500.000 5. Oct. 1: Declared 10% stock dividends on the outstanding common stock for the record of Nov 1 and to be died De 10 The 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 1/1/2020 Dr. Land Cr Cash 10,000 10,000 in the toolbar, press ALT-F10 (PC) or ALT-FN+F10 (Mac 10p L 21, 200 130.000 and to be tuled on Dec 10, The market value of stock on Oct. 1 was $14 per SANTS & CREDITS