On December 10, Buster Limited declared the annual cash dividend on its 6,000 53.00 preferred shares and a 50.70 per share cash dividend on its 65,000 common shares Buster Limited then paid the dividends on January 4, 2020. Buster Limited earned net income of $90,000 during the year ended December 31, 2019, and has sufficient cash to pay the dividends Required 1. Joumalize the declaration of the cash dividends on December 10, 2019. 2. Joumalize the payment of the cash dividends on January 8, 2020 Requirement 1. Journalize the declaration of the cash dividends on December 10, 2019. (Record debits first, then credits. Exclude explanations from journal entries.) Joumal Entry Date Accounts Debit Credit 2019 Dec 10 Choose from any list or enter any number in the input fields and then click Check