The stockholders' equity section of Fleming Corporation at December 31, 2013, included the following:
4% preferred stock, $100 par value, cumulative,
15,000 shares authorized, 10,000 shares issued and outstanding $1,000,000
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 2013 and are in arrears.
On September 15, 2014, the board of directors of Fleming Corporation declared dividends on the preferred stock to stockholders of record on October 1, 2014, payable on October 15, 2014.
On November 1, 2014, the board of directors declared a $1 per share dividend on the common stock, payable November 30, 2014, to stockholders of record on November 15, 2014.
Instructions
Prepare the journal entries that should be made by Fleming Corporation on the dates indicated below:

Question

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The Answer of The stockholders' equity section of Fleming Corporation at December 31, 2013, included the following:
4% preferred stock, $100 par value, cumulative,
15,000 shares authorized, 10,000 shares issued and outstanding $1,000,000
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 2013 and are in arrears.
On September 15, 2014, the board of directors of Fleming Corporation declared dividends on the preferred stock to stockholders of record on October 1, 2014, payable on October 15, 2014.
On November 1, 2014, the board of directors declared a $1 per share dividend on the common stock, payable November 30, 2014, to stockholders of record on November 15, 2014.
Instructions
Prepare the journal entries that should be made by Fleming Corporation on the dates indicated below:

The Stockholders' Equity Section of Fleming Corporation at December 31