Current Attempt in Progress

The shareholders' equity section of Bramble Industries Ltd$.$ at December $31,2023,$ included the following:

$$3$ preferred shares, cumulative, $11,000$ shares authorized, $9,900$ shares issued

$$990,000$

Common shares, $550,000$ shares authorized, $440,000$ shares issued

$2,200,000$

Dividends were not declared on the preferred shares in $2023$ and are in arrears.

On September $15,2024,$ the board of directors declared dividends on the preferred shares for $2023$ and $2024,$ to shareholders of record on October $1,2024,$ payable on October $15,2024.$

On November $1\mathrm{.}2024,$ the board of directors declared a $$0\mathrm{.}50$ per share dividend on the common shares, payable November $30.2024,$ to shareholders of record on November $15,2024.$

Prepare the journal entries that should be made by Bramble Industries for $2024.($If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List ail debit entries before credit entries. Record joumal entries in the order presented in the problem.$)$

Date

Account Titles

Debit

Credit