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Greenview Corporation earned net income of $95,000 during the year ended December 31, 2021. On December 15, Greenview declared the annual cash dividend on
Greenview Corporation earned net income of $95,000 during the year ended December 31, 2021. On December 15, Greenview declared the annual cash dividend on its 9% preferred stock (25, shares with total par value of $250,000) and a $0.01 per share cash dividend on its common stock (75.000 shares with total par value of $750,000). Greenview then paid the dividends on Janua 2022. Read the requirements. a. Journalize for Greenview Corporation the declaration for the cash dividends on December 15, 2021. (Record debits first, then credits. Exclude explanations from any journal entries. Use only a single account to record the dividends.) Journal Entry Date Dec 2021 15 Accounts Debit Credit
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