Question: please anwer quicklly as soon as possible creation completion Status (7.5 Grades) Hamad Town Company had the following balances in the stockholders' equity accounts at

please anwer quicklly as soon as possible
please anwer quicklly as soon as possible creation completion Status (7.5 Grades)

creation completion Status (7.5 Grades) Hamad Town Company had the following balances in the stockholders' equity accounts at 01, 2020 Common stock $10 par, 60,000 shares the 30,000 she issued and outstanding $100,000 Pardin Capital in Excess of Par Valore, Common Stock 200,000 Reted Enings 500.000 The following transactions occurred during 2021 1 Feb 20. Purchased 2,000 of its own shares for $ 18 per share 2 March 10. Declared a $2 per she cash dividend on the outstanding common stock 3. AZ Pad the cash dividends declared early in March 10 4. May 20. Sold all reasury shares for $10 each 5. Od 1. Declared 10% stock dividends on the outstanding common stock for the record of Nov 1 and to be distributed on Dec 10, The makeloof stock on a 1514 pet share 6. Dec. 10. Distributed the shares which declared on Oct. 1 Dec 25. Implemented a 2 for 1 stock spot, when the market value of stock was $26 per share NOTE: If there is no entry, please write: "NO ENTRY" Required: Prepare Journal entries to record transactions that occurred during 2021 CLEARLY INDICATE THE DEBITS & CREDITS Example on 1 January 2020, XYZ Company prys $10,000 canh to purchase land Answer 1.12020 Dr Land 10,000 C Cash 10,000 For the toolbar.press ALT:10 (PC) or ALTHFN+F10(Mad BIVS TOP Arial I. a 6 X 15 E A Paragraph V v V

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!