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Question 10 Arabian Guit Corporation reports the following stockholders' equity section on December 31, 2020 -Common stock: $10 par value, 700,000 shares authorized: 300,000 shares

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Question 10 Arabian Guit 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 Paid in capital in excess of par value, common stock Retained earnings $3,000,000 400,000 900.000 14,300,000 Total The Corporation completed the blowing transactions in 2021 Jan 10, Directors decised a $1 per share cash dividend payatre on March 15 to the Jan 31st of d Mar 01, Purchased 30,000 shares of as on common to $15 per share Mar 31 Paid the cash dividend declared on Jan, to May 01, Sold 10 000 of its treasury shares at 515 cash per share Sep 30, Directors decianed a 30% stock dividend when the share market pece is -Nov 01 Distributed stock dividents declared on Sep 30 Nov 15 The company implemented 5-1 stock spt for the common stock Required. Prepare journal entries to record e these! for 2021 le XYZ Cm 10000 A ON Land PLANE C Cab for the pr BIUG M CLEARIA ENCATE THE MONTSACHETS A 2 IxODQFFER Seming Time: 1 hour 38 minutes, 25 seconds. Question Completion Statu KNEDEN 10 11 4 24 35-16 ng to sto see th Question Arabian Guit 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. 200.000 Total $4,300,000 The Corporation completed the foloog hansactions 2001 Jan 10, Directors declared a $1 per share cash dividend v Mar 01 Purchased 30.000 shares of ts own c (March 15 to the stockholders of Mar 31 Pad the cash dividend declared on Jan 10 May 01, Bold 10.000 of spasiry shares Sca -Sep 30, Directors declared a 30% slock -Nov 01 Dubbuted stock dudents declared -Nov 15 The company implemented 5) ce mon stock 201 Required: Propane journel resto Taple 2 Comp Baxma OCUL Patthew BIV on Small E ELERDE NETHERLACHEND E-EA 2 Ix0QF** Question 10 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 Paid in capital in excess of par value, common stock $3,000,000 ..400,000 900.000 -Retained earnings.. 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 entnes to record each of these transactions for 2021 Example X Comise pays $30.330 cash to prchase land IN 300 1038) Cash For the towNT PRESE ACT-B4410(Mao B IUS Aral topt EH Packach 111 CLEARLY INDICATE THE DERITS & CREDITS 2 IXO QF Question 10 Arabian Guif 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 Example X12 Compians pers $15.00 Answ to purchase land De Land 1000031 ce cas For the toolbar press 4 ORMIER B I CLEARLY INDICATE THE DEBITS & CREDITS

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