Moving to another question will save the response Question 3 (7.5 Grades) 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 Retained Eamings 500,000 The following transactions occurred during 2021: 1.Esb. 20 Purchased 2,000 of its own shares for $ 15 per share 2.March 10 Declared a $1 per share cash dividend on the outstanding common stock 3.Act 07 Paid the cash dividends declared early in March 10 4.May 20 Sold all treasury shares for $16 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 spit, when the market value of stock was $25 per share NOTE: If there is no entry, please write: "NO ENTRY" Required: Prepare Journal entries to record transactions that occurred during 2021 Example on 1 January 2020, XYZ Company pays $10,000 cash to purchase land Answer Cr. Cas 10.000 10,000 For the toolbar, press ALTF 10 (PC) or ALT+FN-F10 (Mac CLEARLY INDICATE THE DEBITS & CREDITS BIVS Paragraph Arial 10pe !!! < x N < IX n XX