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On October 14, the board of directors of Blue Corp. voted to declare the annual...

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Accounting

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On October 14, the board of directors of Blue Corp. voted to declare the annual preferred share dividend to shareholders of record on November 1. payable on November 21. The company is authorized to issue 100,000, 53.25 noncumulative preferred shares: 21.000 have 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 for the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit (To record declaration of dividend.)

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