contestada

Mocha Company earned net income of $ 105,000 during the year ended December ​31, 2018. On December ​15, Mocha declared the annual cash dividend on its 2​% preferred stock​ (par value, $ 125,000​) and a ​$0.25 per share cash dividend on its common stock (62,000 ​shares). Mocha then paid the dividends on January ​4, 2019.


Journalize for Mocha the entry declaring the cash dividends on December 15, 2018.

Respuesta :

tanseershar

Answer:

The answer is given below;

Explanation:

Retained Earnings   (125,000*2%) Dr.$2,500

Dividend payable                                            Cr.$2,500

Retained Earnings  (62,000*.25)  Dr.$15,500

Dividend Payable                                         Cr.$15,500

Otras preguntas