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Hamad Town Company had the following balances in the stockholders equity accounts at Dec 31, 2020: Common stock, 510 pat, 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, 2020: Common stock, 510 pat, 50,000 shares authorized 30,000 shares issued and outstanding $300,000 -Paldin Capital in Excess of Par Valve Common Stock 200,000 -Retained Earnings 500,000 The following transactions occurred during 2021 1. Feb. 20Purchased 2,000 of its own shares for $10 per share. 2 March 10. Declared a 82 per share cash dividend on the outstanding common stock 3. Art. Paid the cash dividends declared early in March 10 4. May 20 Sold all treasury Shares for 519 each So. 1. Declared 10% alock dividends on the outstanding common stock for the record of Nox, and to be distributed on Dec. 10. The market value of stock on Oct was 514 per share 0.Dec. 10. Distributed the shares which declared on Oct. 1. 7. Dec. 28. implemented a 2-for-1 stockpit, when the market value of stock was $20 per have 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 Bample on January 2020, XYZ Company pays $10,000 cash to purchase and 102020 Dr Land 10.000 C Cash 10.000 For the barres ALTF10 POR ALT 10 Mac

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