8. On January 1, Wantage Corporation declared a $1.50 per share cash dividend on its common stock (18,000 shares) for stockholders on record as of January 15. Wantage paid the dividend on January 31. Journalize the entries declaring the cash dividend and paying the Journalize the entry declaring the cash dividend. Date Jan. 1 Accounts and Explanation Debit Credit 8. On January 1, Wantage Corporation declared a $1.50 per share cash dividend on its common stock (18,000 shares) for stockholders on Journalize the entry paying the dividend. Date Jan. 31 Accounts and Explanation Debit Credit