es ome Greentea Company earned net income of $100,000 during the year ended December 31, 2018. On December 15, Greentea declared the annual cash dividend on its 5% preferred stock (par value, $108,000) and a $1.00 per share cash dividend on its common stock (55,000 shares). Greentea then paid the dividends on January 4, 2019. ents 60,400 Read the requirements. Dec. 15 Cash Dividends Dividends Payable-Common Dividends Payable Preferred 55,000 5,400 Declared a cash dividend. Text Requirement 2. Journalize for Greentea the entry paying the cash dividends on January 4, 2019. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) lia Libri Date Accounts and Explanation Debit Credit Cesourc 2019 Jan. 4 Cash Dividends 60400 Study Dividends Payable-Common Dividends Payable-Preferred cation