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Grab Ad Company had the following balances in the stockholders' equity accounts at Dec. 31, 2020 10 50 000 has authorized, 30,000 shares insund and
Grab Ad Company had the following balances in the stockholders' equity accounts at Dec. 31, 2020 10 50 000 has authorized, 30,000 shares insund and outstanding The fog ansact Pe Vale Common Stock audring 2021 the Padat 2,000 shares for $15 per share 2. Mach 11 Fad the sh taly in March 10 $300,000 200,000 500,000 2 St aty shes to $10 each 1.011 Dec dend on the outstanding common stock dds on the outstanding common stock for the second of Nov. 1 and to be distributed on Dec 10 The market value of stock on Oct. 1 was $14 per which declared on Od. 1 21ak when the market value of stock was $26 per share NOTE the Lentry please write "NO ENTRY dansactions that occumed during 2021 CLEARLY INDICATE THE DEBITS & CREDITS 700 312 Camps pevs $10,000 cask to purchase land 1000 81 10pr EE LV I (7.5 Grades) Hamad 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 Plaid in Capital in Excess of Par Value, Common Stock Retained Eamings The following transactions occurred during 2021. 1.Et 2 Prchased 2,000 of its own shanes for $ 15 per share $300,000 200,000 500,000 2.March 10 Declared a $1 per share cash dividend on the outstanding common stock. April 07, Paid the cash dindends declared early in March 10 May 20, Sold all treasury shares for $16 each 5.Oct. 1. Declared 10% stock dividends on the outstanding common stock for the record of Nov. 1 and to be distributed on Dec. 10, The market value of stock on Oct. 1 was $14 per shane 5. Dec 10, Distributed the shares which declared on Oct 7.De 25 plemented 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 occured during 2021 CLEARLY INDICATE THE DEBITS & CREDITS Example on 1 January 2020 XYZ Company pays $10.000 cash to purchase land Cash 10.000 10.000 For the tootar press ALT+F10 (PC) or ALTENTO (M BIVS Paragraph Wal 10pt E lengun
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