lown Company had the following balances in the stockholders' equity accounts at Dec. 31, 2020 Common stock, $20 par, 100,000 shares authorized, 30,000 shares issued and outstanding $600,000 Paid in Capital in Excess of Par Value, Common Stock 1. Feb 20 Purchased 4,000 of its own shares for $ 30 per share Retained Earings The following transactions occurred during 2021: 2 March 10: Declared a $1 per share cash dividend on the outstanding common stock 3. April 07 Paid the cash dividends declared early in March 10 400,000 1,000,000 4 May 20 Sold all treasury shares for $32 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 maker 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 land Answer 1/1/2020 Dr. Land Cr. Cash 10,000 10,000 toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). Arial 10pt !!! < AL T 1 52 sack on 02.1 was e