1.) Doggo Co. Declares a $50,000 cash dividend to its common shareholders on January 2nd. The...

1.) Doggo Co. Declares a $50,000 cash dividend to its common shareholders on January 2nd. The date of record is January 18th and the date of payment is January 31st. Make all necessary journal entries for this:

2.) Puppy Inc. declares $80,000 in dividends on July 5th 2020. The date of record will be July 18th, and the payment date will be July 20th. The company has 2,000 shares of 10%, $40 par cumulative preferred stock issued and outstanding. The company also has 20,000 shares of $2 par common stock. The company paid no dividends in 2019 Journalize all necessary entries for this.

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