Journalize the entries:

7/1 - Purchased Store equipment on account for $105,000, to be depreciated using the straight-line method over 7 years. Assume $0 Residual Value.

7/15 - Declared a $1.00 quarterly cash dividend per share on preferred stock. On the date of record, 20,000 shares of preferred stock had been issued.

8/31 - Paid the cash dividends to the preferred stockholders.

9/12 - Sold, at $38 per share, 2,600 shares of treasury common stock purchased on May 17

9/19 - Issued a 60-day, 5%, $22,500 note to a customer

11/18 - The note issued on 9/19/21 was not collected, so the note was reclassified as Accounts Receivable, with accrued interest.

11/30 - Sold Office equipment for $5,000. The equipment originally cost $32,000 when it was purchased on January 1, 2017, had no residual value, and was being depreciated using the straight-line method over 5 years.

12/15 - Disposed of obsolete Store equipment having an original cost of $15,000. The equipment is fully depreciated.