Question: Please write the solution clearly because sometimes not all the solved numbers appear (7.5 Grades) Hamad Town Company had the following balances in the stockholders'
(7.5 Grades) Hamad Town Company had the following balances in the stockholders' equity accounts at Dec 31, 2020: Common stock, $10 par, 50,000 shares authored 30,000 shares issued and outstanding $300,000 Paid in Capital in Excess of Par Value, Common Stock 200,000 Retailed Earnings 500,000 The following transactions occurred during 2021 1. Feb 20. Purchased 2.000 of its own shares for $ 18 per share. 2. Match 10 Declared a 52 per share cash dividend on the outstanding common stock 3. April. Paid the cash dividends declared early in March 10 4 May 20. Sold all treasury 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 market value of luck on www.per share 6. Dec 10. Distributed the shares which declared on Oct 7 Dec 25. Implemented a 2 for stock split 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 pays $10,000 cash to purchase ting Acer Dr Land 10 000 O Cash 10,000
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