The equity section of Foley Corporation at December $31,2019,$ included the following:

$4\%$ Share capital$-$preference, $100$ par value, cumulative, $10,000$ shares authorized, $8,000$ shares issued and outstanding $800,000$

Share capital$-$ordinary, $10$ par value, $250,000$ shares authorized, $200,000$ shares issued and outstanding $2,000,000$

Dividends were not declared on the preference shares in $2019$ and are in arrears.

On September $15,2020,$ the board of directors of Foley Corporation declared dividends on the preference shares for $2019$ and $2020,$ to shareholders of record on October $1,2020,$ payable on October $15,2020.$

On November $1,2020,$ the board of directors declared a $\mathrm{.}90$ per share dividend on the ordinary shares, payable November $30,2020,$ to shareholders of record on November $15,2020.$

Instructions

Prepare the journal entries that should be made by Foley Corporation on the dates indicated below:

September $15,2020$ November $1,2020$

October $1,2020$ November $15,2020$

October $15,2020$ November $30,2020$