Coronado Ltd$.$ issued $6,200,$$$5$ cumulative preferred shares at $$66$ each and $11,625$ common shares at $$30$ each at the beginning of $2022.$ Each preferred share is convertible into two common shares. The appropriate preferred share dividend was declared and paid in $2022.$ During the years $2023$ and $2024,$ the following transactions affected Coronado's shareholders' equity accounts:

$2023$

Jan. $10$ Declared and paid $$9,300$ of annual dividends to preferred shareholders.

$2024$

Jan. $10$ Declared and paid annual dividend to preferred shareholders and a $$3,100$ dividend to common shareholders.

Mar. $1$ The preferred shares were converted into common shares.

Journalize each of the $2023$ and $2024$ transactions. $($Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. List all debit entries before credit entries. Record journal entries in the order presented in the problem.$)$

Date

Account Titles

Debit

Credit