Question Details

journal entries that should be made by Maria Corporation


The stockholders' equity section of Maria Corporation at December 31, 2012, included the following:
	5% preferred stock, $100 par value, cumulative,
	10,000 shares authorized, 8,000 shares issued and outstanding		$   800,000
	Common stock, $10 par value, 250,000 shares authorized, 
	200,000 shares issued and outstanding 		$2,000,000
Dividends were not declared on the preferred stock in 2012 and are in arrears.
On September 15, 2013, the board of directors of Maria Corporation declared dividends on the preferred stock for 2012 and 2013, to stockholders of record on October 1, 2013, payable on October 15, 2013.

On November 1, 2013, the board of directors declared a $.75 per share dividend on the common stock, payable November 30, 2013, to stockholders of record on November 15, 2013.


Instructions
Prepare the journal entries that should be made by Maria Corporation on the dates indicated below:
	September 15, 2013	November 1, 2013
	October 1, 2013	November 15, 2013
	October 15, 2013	November 30, 2013




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