Completion Status: Moving to another question will save this response. Question 3 Arabian Gulf Corporation reports the following stockholders' equity section on December 31, 2020. issued and outstanding - Common stock; $10 par value; 500,000 shares authorized; 200,000 shares $ 2,000,000 400,000 .900,000 $3,300,000 - Paid in capital in excess of par value, common stock -Retained earnings... Total The Corporation completed the following transactions in 2021. 1- Jan. 10, Directors declared a $1 per share cash dividend payable on March 15 to the Jan. 31 stockholders of record. 2- Mar. 01, Purchased 10,000 shares of its own common for $15 per share. 3- Mar. 15, Paid the cash dividend declared on Jan. 10. 4-May 01, Sold 6,000 of its treasury shares at $15 cash per share. 5- Sep. 30, Directors declared a 30% stock dividend when the share market price is $16. 6- Nov. 01, Distributed stock dividends declared on Sep. 30. 7-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: XYZ Company pays $10,000 cash to purchase land Answer: Dr. Land Cr. Cash 10,000 10,000 For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIUS Paragraph V Arial V 10pt > !!! CLEARLY INDICATE THE DEBITS & CREDITS C A > < Ix