Hamad Town Company had the folowing balances in the stockholders' equity accounts at Dec. 31, 2020 Common stock S10 par 50.000 shares athonned 30,000 shares insued and outstanding Pad in Capital Excess of Pa Va, Common Stock Rataned Eamings The following transactions.eccurred taring 2021: 1 Eeb 20 Purchased 2.000 of is own shares for $ 18 per share 2Mat 10.Declared a $2 per share cash dividend on the outstanding common stock 2Al0 Pad the cash dividerids declared earty in March 10 Ma 20 Sold all oasury shares for $19 each 5.0kt 1 Declared 10% stock dividends on the outstanding common stock for the record of Nov 1 and to be dstribuled on Dec 10 The market value of stock on Oct. 1 was $14 per share De 10. Datnbuled the shares which dectared on Oct 1 LDec 25 Implemerted a 2dor-1 stock spit, when the market value of stock was $26 per share NOTE: It there is no entry. please write: "NO ENTRY Required. Prepare Joumal entries to record transactions that ocoured during 2021. $300.000 200,000 500,000

Hamad Town Company had the folowing balances in the stockholders' equity accounts at Dec. 31, 2020 Common stock S10 par 50.000 shares athonned 30,000 shares insued and outstanding Pad in Capital Excess of Pa Va, Common Stock Rataned Eamings The following transactions.eccurred taring 2021: 1 Eeb 20 Purchased 2.000 of is own shares for $ 18 per share 2Mat 10.Declared a $2 per share cash dividend on the outstanding common stock 2Al0 Pad the cash dividerids declared earty in March 10 Ma 20 Sold all oasury shares for $19 each 5.0kt 1 Declared 10% stock dividends on the outstanding common stock for the record of Nov 1 and to be dstribuled on Dec 10 The market value of stock on Oct. 1 was $14 per share De 10. Datnbuled the shares which dectared on Oct 1 LDec 25 Implemerted a 2dor-1 stock spit, when the market value of stock was $26 per share NOTE: It there is no entry. please write: "NO ENTRY Required. Prepare Joumal entries to record transactions that ocoured during 2021. $300.000 200,000 500,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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