3.)On December 31, 2015, Alpha Corporation has outstanding 1,000 shares of $100 par value, 5% cumulative and nonparticipating preferred stock, and 20,000 shares of $10 par value common stock. No dividends were paid in 2014 and 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

4.)On January 2, 2016, Alpha Corporation’s initial capital stock transaction consisted of an issuance of 5,000 shares of $15 par value common stock, for $60 per share. On June 30, 2017 another 10,000 shares were authorized to be issued. Use this information to determine for the June 30, 2017 dollar value balances for:

1. Common Stock

2. Additional Paid in Capital in excess of par Common Stock

10.)On January 2, 2016, Alpha Corporation issued 15,000 shares of $10 par value common stock for $15 per share. On March 1, 2016, Alpha reacquired 1,000 of these shares when they were trading $20 each. September 1, 2016, when the market was soaring, Alpha reissued 500 shares of treasury stock at the going market rate of $18 per share. Use this information to prepare the General Journal entry (without explanation) for September 1.

12.) 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.