Hamad Town Company had the following balances in the stockholders' equity accounts at Dec 31, 3020 Common stock, $10 par, 50,000 shares authorized, 30,000 shares inued and ouanding $300,000. Grades 7 Paid in Capital in Excess of Par Value, Common Stock Retained Earnings 200,000. The following transactions occurred dunea 2121 Feb 20 Purchased 2,000 of its own shares for $18 per sha March 10 Dedared a $2 per share cash dividend on the outstanding common stock 2 April 07 Paid the cash dividends declared early in March 10.3 May 20 Sold all treasury shares for $1 each 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 p shan Dec 10 Distributed the shares which declared on Oct. 1.5 Dec 25, Implemented a 2-for-1 stock split, when the market value of stock was 125 per share "NOTE: If there is no entry, please write. "NO ENTRY Required: Prepare Journal entries to record transactions that occurred during 2 CLEARLY INDICATE THE DEBITS & CREDITS Example on 1 January 2020, XYZ Company pays $10,000 cash to purchase land Answer 1112020 Dr. Land 10,000 Cr. Cash 10,000 (Grades 4.5) On January 1, 2021, the stockholders' equity section of Seef Inc was as follows Common stock ($10 par value) $400 000, paid in (contributed) capital in excess of per value $200,000, and retained earnings $150,000. During the year, the following treasury stock transactions occaed March 5 Purchased 6,000 shares for cash at $16 per share April 25 Sold 4,000 treasury shares for cash at $15 per share June 25: Sold 2,000 treasury shares for cash at $11 per share Required: Prepare journal entres to record the above tremury stock tran CLEARLY INDICATE THE DEBITS & CREDITS Example. XYZ Company pays $15,000 cash to purchase land Aven Dr Land 15000 Cr. Cash 15,000 10 ( ) ALT+FN F10 ( Mac Dec. 31. 2019 $44,000 Dec. 31. 2020 $152,000 Assets 42,000 45,000 30,000 28,000 36,000 Accounts Recentlo wwwwrtiory and supplies 0 104,000 114,000 (20,000) (28,000) $244,000 $314,000 Machres Accuminted depreciation Machines Toked feutate Liabities & Stockholders Equity $54,000 $74,000 86,000 64,000 44,000 80,000 Note payable Blonds payable (long-term) Common Stock 60.000 90.000 Retained Eamings Total Liabilities & Stockholders $244,000 $314,000 Equity Income Statement & Additional information Net income for the current year ending December 31, 2020 is $58,000 1 Sold investments for cash, cost $36,000 and resulting in $6,000 gain 2 The only changes affecting retained earnings are net income and cash dividends paid 3 All the following transactions are in cash Purchased new machines; repay bonds payable, and issuance common stock A Required Prepare the full statement of cash flows using indirect method for the year ended December 31, 2020 Awal Company had 60,000 shares of $10 par value common stock outstanding on March 1 On April 13 when the market vale per das was stockholders of recoed on April 25 The slack distted c May The s Captain of ta 0 (Grades 3) On January 1, 2018, Manama Company has 8% 80,000 shares of $10 par value. Cumulative preferred stock and 140,000 shares of common stock authored and outstanding at $5 par value. The Company declared and paid cash dividends follows Dwands $50,000 $110,000 $190,000 2018 2019 2020 Required: In the below table, determine the amount of cash dividends distributed to each class of shares over the three years Please: Present each year in a separate le