1. Seacrest Company has 10,000 shares of 2% cumulative preference, $50 at par, and 50,000 shares of common stock at $10 at par. The following amounts were distributed as dividends:

Year 1	$20,000
year 2	5,000
year 3	30,000

Determine the dividends per share of the common and preferred stock for each year. 

2. 

Agu.	26	Issued in cash 108,000 common shares of no par value (with a declared value of $5) at $9.
Oct.	1	Issued at par value 43,000 1% preferred shares, $10 par in cash.
Nov.	30	Issued in cash 15,000 preferred shares at 1%, $10 par to $12. The reporting, recording, and payment dates in connection with a $659,000 cash dividend on the common stock of a corporation are June 15, August 10, and September 15. Write in the journal the entries required on each date. .

3. Olde Wine Corporation has 265,500 $30 par shares of common stock outstanding. On February 15, Olde Wine Corporation declared a 1% stock dividend to be issued on May 2 to shareholders of record on March 27. The market price of the shares was $50 per share on February 15.

Journalize the entries required on February 15, March 27, and May 2.