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Hamad Town Company had the following balances in the stockholders' equity accounts at Dec 31, 2010: Common stock, 510 par, 50.000 shares authorized 30,000 shares

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Hamad Town Company had the following balances in the stockholders' equity accounts at Dec 31, 2010: Common stock, 510 par, 50.000 shares authorized 30,000 shares ud and outstanding. $300,000 Paid in Capital in Excess of Par Value. Common Stock - Retained Earnings 200 000 500.000 The following transactions occurred during 2021: 1. Feb. 20. Purchased 2,000 of its own shares for $ 18 per share 2 March 10 Declared a S2 per share cash dividend on the outstanding common stock 3. AprilOZ Paid the cash dividends declared early in March 10 4 May 20. Sold all treasury shares for $19 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 sted on Octwas 514 pesh 6. Dec 10 Distributed the shares which declared on Oct 7 Dec 25 Implemented a 2-fort stock split when the market value of stock was $26 per share NOTE: If there is no entry, please write: "NO ENTRY Resuired: Prepare Journal entries fo record transactions that occurred during 2021 CLEARLY INDICATE THE BESACREDITS Example on January 2020. XYZ Company Days 510.000 ch to purchase and A SIA Dr Land Cr Cash 10.000 TICHO ALT-10 Mac 10.000 T. K o c Remaining Time: 1 hour, 41 minutes, 23 seconds. Question Completion Status: Hamad Town Company had the following balances in the stockholders' equity accounts at Dec 31, 2020 - Common stock, $10 par, 50,000 shares authortzed, 30,000 shares issued and outstanding $300,000 - Paid in Capital in Excess of Par Value, Common Stock - Retained Earnings 200.000 The following transactions occurred during 2021: 500,000 1. Feb. 20: Purchased 2,000 of its own shares for $ 18 per share. 2. March 10: Declared a $2 per share cash dividend on the outstanding common stock 3. April 07: Paid the cash dividends declared early in March 10 4. May 20: Sold all treasury shares for $19 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 share 6. Dec. 10: Distributed the shares which declared on Oct. 1. 7. Dec. 25: Implemented 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 occurred during 2021 CLEARLY INDICATE THE DEBITS & CREDITS Example: on 1 January 2020, XYZ Company pays $10,000 cash to purchase and Answer: 1/1/2020 Dr Land 10,000 Cr. Cash 10.000 Berhatian ALLASIDA

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