Problem 2 (35 points) The stockholders equity section of Corporation at
December 31, 2021, included the following: preferred stock, $100 par value,
non -cumulative 10,000 shares authorized, 8,000 shares issued and outstanding
Common stock, 10 par value, 250,000 shares authorized 200,000 shares issued
and outstanding $ 2,000,000 2021 September 15, 2021, the board of directors of
declared dividends on the preferred stock for 2021, to stockholders of record on 1,
2021, payable 15 November 1, 2021, the board of declared a 0.75 per share
dividend on the common, payable November 30, 2021, to stockholders of record
on November 15, 2021 Prepare the journal entries that should be made by Echota
Corporation on the dates indicated below. If no entry is needed state NO ENTRY
September 15, 2021 Instructions October 1, 2021 October 15, 2021 November 1,
2021 November 15, 2021 November 30, 2021
8:56 AM
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