1. Swifty Corporation issued 309 shares of $10 par value common stock and 141 shares of $50 par value preferred stock for a lump sum of $18,252. The common stock has a market price of $20 per share, and the preferred stock has a market price of $100 per share. Prepare the journal entry to record the issuance

2. Oriole Corporation issued 530 shares of $100 par value preferred stock for $64,400. Prepare Orioles journal entry.

3. The common stock of Stellar Inc. is currently selling at $119 per share. The directors wish to reduce the share price and increase share volume prior to a new issue. The per share par value is $10; book value is $68 per share. 9.20 million shares are issued and outstanding. Prepare the necessary journal entries assuming the following.

(a)		The board votes a 2-for-1 stock split.
(b)		The board votes a 100% stock dividend.