please solve it ASAP

Arabian Gulf Corporation reports the following stockholders' equity section on December 31, 2020.

- Common stock; $10 par value; 700,000 shares authorized; 300,000 shares

issued and outstanding.

$ 3,000,000

- Paid in capital in excess of par value, common stock

.400,000

- Retained earnings

.900,000

Total

$4,300,000

The Corporation completed the following transactions in 2021

Jan. 10, Directors declared a $1 per share cash dividend payable on March 15 to the Jan. 31 stockholders of record.

- Mar. 01, Purchased 30,000 shares of its own common for $15 per share

- Mar. 31, Paid the cash dividend declared on Jan. 10.

- May 01, Sold 10,000 of its treasury shares at $15 cash per share.

- Sep. 30, Directors declared a 30% stock dividend when the share market price is $16

Nov. 01, Distributed stock dividends declared on Sep. 30.

- Nov. 15. The company implemented 5-for-1 stock split for the common stock.

Required: Prepare journal entries to record each of these transactions for 2021.

CLEARLY INDICATE THE DEBITS & CREDITS

Example: XYZ Company pays $10,000 cash to purchase land

Answer:

Dr. Land

10,000

Cr. Cash

10,000

For

Arabian Gulf Corporation reports the following stockholders' equity section on December 31, 2020. - Common stock; $10 par value; 700,000 shares authorized; 300,000 shares issued and outstanding. $ 3,000,000 - Paid in capital in excess of par value, common stock - Retained earnings... 400,000 ,900,000 $4,300,000 Total The Corporation completed the following transactions in 2021. - Jan. 10, Directors declared a $1 per share cash dividend payable on March 15 to the Jan. 31 stockholders of record. Mar 01, Purchased 30,000 shares of its own common for $15 per share. Mar. 31, Paid the cash dividend declared on Jan. 10. - May 01, Sold 10,000 of its treasury shares at $15 cash per share. Sep. 30, Directors declared a 30% stock dividend when the share market price is $16. - Nov 01, Distributed stock dividends declared on Sep. 30.. Nov 15, The company implemented 5-for-1 stock split for the common stock. Required: Prepare journal entries to record each of these transactions for 2021. CLEARLY INDICATE THE DEBITS & CREDITS Example: XYZ Company pays $10,000 cash to purchase land Answer. Dr. Land 10,000 Cr. Cash 10,000 For the toolbar. press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIUS Paragraph Arial 10pt EYA I !!! N 26