Part 1 of 9 Starbor Manufacturing Co. completed the following transactions during 2018: Click the icon to view the transactions.) Read the requirements REBOP Requirement 1. Record the transactions in Starborn's general journal. (Record debits first, then credits. Select the explanation on the last line Accounts and Explanation column and leave the remaining cells blank.) Jan. 16: Declared a cash dividend on the 4%, $96 par noncumulative preferred stock (1,200 shares outstanding). Declared a $0.40 per share January 31, and the payment date is February 15. Date Accounts and Explanation Debit Credit Jan. 16