Dividend Problem: Greentea Corporation earned net income of $95,000 during the year ended December 31, 2020. On December 15, Greentea declared the annual cash dividend of $1.00 per share on common stock (45,000 shares with total value of $450,000). Date of Record was December 31, 2020. Greentea paid the dividends on January 4, 2021.

Journalize for Greentea Corporation:

a) Declaring the cash dividends on December 15, 2020

b) Date of record

c) Paying the cash dividends on January 4, 2021