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Completion Status: 1 2 3. 5 6 7 9 10 11 12 13 14 16 Moving to another question will save this response Question 2 Arabian Gulf Corporation reports the following stockholders' equity section on December 31, 2020. -Common stock; $10 par value: 700,000 shares authorized; 300,000 shares issued and outstanding. Paid in capital in excess of par value, common stock. -Retained earnings...... Total The Corporation completed the following transactions in 2021. $3,000,000 400.000 900.000 $4,300,000 -Jan. 10, Directors declared a $1 per share cash dividend payable on March 15 to the Jan. 31 stockholders of record 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 price is $16 -Nov 01, Distributed stock dividends declared on Sep. 30. -Nov. 15, The company implemented 5-for-1 stock split for the common stock) Required: Prepare journal entries to record each of these transactions for 2021 Comp XXZ Copy pays $1000 CLEARLY INDICATE THE DEMETS & CREDITS De For the B I 10.000 10.000 Paragrah Anal Myt EE 2

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