Arabian Gulf Corporation reports the following stockholders' equity section on - Common stock; $10 par value; 700,000 shares authorized; 300,000 shar issued and outstanding..... - Paid in capital in excess of par value, common stock - Retained earnings....... Total The Corporation completed the following transactions in 2021 - Jan. 10, Directors declared a $1 per share cash dividend payable on March - Mar. 01, Purchased 30,000 shares of its own common for $15 per share. - Mar. 31, Paid the cash dividend declared on Jan. 10. - May 01, Sold 10,000 of its treasury shares at $15 cash per share -Sep. 30, Directors declared a 30% stock dividend when the share market pr - Nov. 01, Distributed stock dividends declared on Sep. 30. - Nov. 15, The company implemented 5-for-1 stock split for the common stoc Required: Prepare journal entries to record each of these transactions for 20 Example: XYZ Company pays $10,000 cash to purchase land Answer: Dr. Land Cr. Cash 10.000 10.000 press ALT+F10 (PC) or ALT+FN+F10 (Mac) CLEARLY Arial