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

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Question Completion Arabian Gulf Corporation reports the following stockhuldens equity section on December 31, 2020 -Common stock: $10 par value: 700,000 shares authorized: 300,000 shares issued and outstanding i -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 dividenda declared on Sep 30 -Nov 15. The company implemented 5-for-1 stock split for the common stock Required: Prepare journal entoes to record each of these transactions for 2021 CLEARLY INDICATE THE DEBITY & CREDITS Exagle XYZ Copy pays $10.000 a Aarre De Land 111.000 100000 C Ca For the toobur, press ALT+F10 (PC) or ALT+F+F30 (Mac) BIVS Paragraph Arial 10pt EEAL I XQ FEE 43 Tin Quak

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