The shareholders' equity section of Karr Corporation at December 31, 2013 included the following:

$6 preferred shares, cumulative,

10,000 shares authorized, 8,000 shares issued $ 800,000

Common shares, 250,000 shares authorized, 200,000 shares issued $2,000,000

Dividends were not declared on the preferred shares in 2013 and are in arrears.

On September 15, 2014, the board of directors of Karr Corporation declared dividends on the preferred shares for 2013 and 2014, to shareholders of record on October 1, 2014, payable on October 15, 2014.

On November 1, 2014, the board of directors declared a $2 per share dividend on the common shares, payable November 30, 2014, to shareholders of record on November 15, 2014.

Instructions

Write the journal entries that should be made by Karr Corporation in 2014 on the dates indicated below:

September 15 November 1

October 1 November 15

October 15 November 30

If no journal entry is needed on a particular date, please say so.