On October 14, the board of directors ofMontyCorp. voted to declare the annual preferred share dividend to shareholders of record on November 1, payable on November 21. The company is authorized to issue100,000, $4.00noncumulative preferred shares;28,000have been issued.

Prepare the required entries on each of these dates.(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. Record journal entries in the order presented in the problem.)

Date

Account Titles and Explanation

Debit

Credit

choose a transaction date

Oct. 14Nov. 1Nov. 21

enter an account title to record declaration of dividend

enter a debit amount

enter a credit amount

enter an account title to record declaration of dividend

enter a debit amount

enter a credit amount

(To record declaration of dividend.)choose a transaction date

Oct. 14Nov. 1Nov. 21

enter an account title

enter a debit amount

enter a credit amount

enter an account title

enter a debit amount

enter a credit amount

choose a transaction date

Oct. 14Nov. 1Nov. 21

enter an account title to record payment of dividend

enter a debit amount

enter a credit amount

enter an account title to record payment of dividend

enter a debit amount

enter a credit amount

(To record payment of dividend.)