The Jeremy Company's fiscal year ends on December ${31}^{st}.$ On July $1,2021,$ Jeremy authorized $$1,000,000$ of six$-$percent, eight$-$year, callable bonds, which were to pay interest annually on each June ${30}^{th}.$ On November $30,2022,$ Jeremy issued half of the bonds, at a discount, in return for both cash and a building that had a fair value of $$240,000.$ All interest accrued to the issuance date was ALSO paid in cash to Jeremy.

On March $1,2024,$ Jeremy paid all interest due to bondholders to date and then called the bonds, paying each investor $$1,200$ in cash for each bond held.

Prepare only the journal entries related to the bonds on November $30,2022,$ and March $1,2024.$

$2.$ As of January $2,2024,$ the LMNO Corporation had both preferred and common stock in its capital structure. The preferred stock had a stated value of $$10$ per share, with an annual dividend of $5\%,30,000$ shares issued, and $10,000$ shares of treasury stock. The common stock had a par value of $$4$ per share, with $25,000$ shares issued and $6,000$ shares in the treasury.

On August $1,2024,$ the Board of Directors declared and paid the preferred stock cash dividend for the year. In addition, on that same day the company declared a $15\%$ common stock dividend, when the market value was $$7$ per share.

When the stock dividend was distributed on September $15,2024,30\%$ of the dividend was distributed in the form of fractional$-$share stock rights. By December $31,2024,60\%$ of the stock rights had been exchanged for common stock, and the remaining stock rights had expired.

Prepare the journal entries that the LMNO Corporation would prepare both the preferred and common dividends in $2024.$