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Greentea Company earned net income of 582,000 during the year ended December 31, 2024. On December 15 . Greentea declared the annual cash dividend on
Greentea Company earned net income of 582,000 during the year ended December 31, 2024. On December 15 . Greentea declared the annual cash dividend on its 6% preferred stock (par value, $128,000) and a $0.50 per share cash dividend on its common stock ( 52,000 shares) Greentea then paid the dividends on January 4,2025 . Read the requitements Requirement 1. Journalce for Greentea the entry dectaing the cash dividends on December 15,2024 (Recond debits frit, then credits. Seloct the explanation on the last line of the joumal entry table.) Requirements 1. Journalize for Greentea the entry declaring the cash dividends on December 15,2024 2. Journalize for Greentea the entry paying the cash dividends on January 4, 2025
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