Q1. 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. If no entry is required then write "No Entry Required."

Q2. On December 31, 2015, Alpha Corporation has outstanding 1,000 shares of $100 par value, 7% cumulative and nonparticipating preferred stock, and 20,000 shares of $10 par value common stock. No dividends were paid in 2015. During 2016, Alpha distributed $40,000 in dividends. Use this information to determine for the 2016 the dollar amount of dividends that will be distributed to:

1. Preferred Stock
2. Common Stock

Q3. The following are selected accounts for the Alpha Dog Company after all Fiscal Year December 31, 2016, adjusting entries & closing entries have been posted. All balances are normal.

Account Amount Common Stock, $5 par $150,000 Treasury Stock, at cost $10 20,000 per share Dividends Payable 5,000 Paid in Capital in excess of par, Common Stock 30'000 Paid in Capital in excess of par, Preferred Stock 3'500 Retained Earnings 140,000 Bonds Payable 75,000 Preferred Stock, $100 par, 5% . 35,000 cumulatlve