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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
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 Paid in Capital in Excess of Par Value, Common Stock $300,000 200,000 500,000 -Retained Earnings The following transactions occurred during 2021; 1.Feb 20 Purchased 2.000 of its own shares for $ 15 per share 2.March 10 Decared a $1 per share cash dividend on the outstanding common stock 3.Apr 07 Paid the cash dividends declared eany in March 10 4.May 20: Sold a treasury shares for $16 each 1.Oct.1 Decared 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 share 6.Dec. 30, Distuted the shares which declared on Oct. 1. 1.0.25, implemented a 2-for-1 stock spit, when the market value of stock was $20 per share NOTE: If there is no entry please write NO ENTRY Required: Prepare Journal enes to record transactions that occurred during 2021 CLEARLY INDICATE THE DEBITS & CREDITS 220 XYZ Company says $10,000 pe Land 10.000 10.000
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