Ouation C Question 14 (75) Hamad Town Company had the following bences in the stockheaders' equity accounts at Dec. 31, 200 Catok 10 pac 80.000 shares authorized, 30,000 shares issued and outstanding Pat in Captar in Excess of Par Vaue, Common Stock $300,000 200,000 500,000 The following transactions enurred during 2021. 1.E 20 Purchased 2,000 of ms own shares for $15 per share. March 10 Declared a $1 per share cash dividend on the outstanding common stock. A 2.A.07 Pad the cash divande declared a marty in March 10 4 May 20: Bd a treasury shares for 16 each 4.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 Dec 10 Disebuted the shares when declared on Oct. 1. 8 7. Dec. 25 mplemented a 2-for-f 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 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 1/1/2020 Dr Land Cr. Cash 10,000 10,000 For the toolbar, press ALF-F10 (PC) ALT+F+F10 (Mac BIS Anal 10pe A 30 xx, S. 5 r " BO B *(s) $ 19 MOSTE te mender question will save this respons Qon 14 (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 Retained Earnings The following transactions occurred during 2021: 1. Feb. 20. Purchased 2,000 of its own shares for $15 per share. 200,000 500,000 2.March 10 Declared a $1 per share cash dividend on the outstanding common stock 3. Apr 07: Paid the cash dividends declared earty in March 10. 4. May 20, Sold all treasury shares for $10 each 5. Oct. 1: Declared 10% stock dividends on the outstanding convmon stock for the record of Nov. 1 and to be distributed on Dec. 10, The market - 6. Dec 10 Distributed the shares which declared on Oct. 1. 7. Dec. 25: Implemented a 2-for-1 stock spilt, 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: MC/2020 Dr. Land Cr. Cash 10,000 10,000 or the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac) BIVS Paragraph Arial 10pt 199 BY A BB v BB I. HE 1 was 54 (1) 15 points