The shareholders' equity section of Bluesteel Inc. at December 31, 2022, included the following:

$2 preferred shares, cumulative,

10,000 shares authorized, 7,000 shares issued ................................... $ 700,000

Common shares, 1,000,000 shares authorized, 500,000 shares issued ..... 2,500,000

Dividends were not declared on the preferred shares in 2021 and are in arrears.

On September 15, 2023, the board of directors declared dividends on the preferred shares for 2021 and 2022, to shareholders of record on October 1, 2023, payable on October 15, 2023.

On November 1, 2023, the board of directors declared a $0.50 per share dividend on the common shares, payable November 30, 2022, to shareholders of record on November 15, 2022.

Instructions:

Prepare the journal entries that should be made by Bluesteel Inc. on the following dates in 2022: September 15, October 1, October 15, November 1, November 15, and November 30. If no entry is needed write No entry required.