Ption wl save this response Question 1 (7.5 Grades) Hamad Town Company had the following balances in the stockholders' equity accounts at Dec. 31, 20 -Paid in Capital in Excess of Par Value, Common Stock Common stock, $10 par, 50,000 shares authorized, 30,000 shares issued and outstanding- $300,000 200,000 500,000 -Retained Earings The following transactions occurred during 2021: 1. Feb. 20 Purchased 2,000 of its own shares for $ 18 per share. 3. April 07: Paid the cash dividends declared early in March 10 2. March 10 Declared a $2 per share cash dividend on the outstanding common stock 4. May 20 Sold all treasury shares for $19 each. 6 Dec. 10: Distributed the shares which declared on Oct. 1. 5. Oct. 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 lock on Od 1 was $14 pe 7. Dec. 25 Implemented a 2-for-1 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 Example: on 1 January 2020, XYZ Company pays $10,000 cash to purchase land Answer 1/1/2020 Dr Land Cr. Cash 10,000 10,000 For the toolbar. press ALT+F10 (PC) or ALT+FN+F10 (Mac) BIYS Paragraph v Arial 10pt > B E CLEARLY INDICATE THE DEBITS & CREDITS