B. On January 1, Wantage Corporation declared a $2 50 per share cash diidend on its common stock (32,000 shares) for stockholders on record as of January 15 Wantage paid the dividend on January 31. Journalize the entnes declaring the cash dividend and parying the dividend (Record debits frst, then credts Selkect the explanation on the last line of the journal entry table ) Journalze the entry declaring the cash dividend Date Accounts and Explanation Debit Credit Cash Dividends Dvidends Payat Dvidends Pay Cash Declared a cash dividend Jan 1 80000 80,000 0.000 80