1) On January 1, 2016, Alpha Corporation had 100,000 shares of common stock outstanding. On April 15, the board declared a $0.30 per share dividend to be paid to stockholders of record on May 4. The dividend was distributed on May 15.Use this information to prepare the General Journal entries (without explanation) for April 15 & May 15.

General Journal

Date Account Debit Credit

2) On January 1, 2016, Alpha Corporation had 300,000 shares of common stock outstanding with a par value of $3 per share. On March 31, Alpha Corporation declareda 10% stock dividend when the market value was $8 per share. Use this information to prepare the General Journal entry (without explanation) for March 31.

General Journal

Date Account Debit Credit

3) On January 2, 2016, Alpha Corporation procured new equipment with an issue of 5,000 shares of $4.00 par value common stock. The equipment had an MSRP of $65,000. Alpha's stock was trading on the open market for $9.75 per share on January 2nd. Use this information to prepare the General Journal entry (without explanation) for the January 2 entry.

General Journal

Date Account Debit Credit