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& Moving to another question will save this response. Question 15 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 -Retained earnings... Total 400,000 900.000 $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 the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac EH I XO 10pt Arial Paragraph BIUS HE hp P N d J 7 points