Business, 15.04.2020 00:37 uchechukwueigwe

Mocha Company earned net income of $ 95 comma 000 during the year ended December 31, 2018. On December 15, Mocha declared the annual cash dividend on its 5% preferred stock (par value, $ 108 comma 000) and a $0.75 per share cash dividend on its common stock (42 comma 000 shares). Mocha then paid the dividends on January 4, 2019.

Requirements
a. Journalize for Java the entry declaring the cash dividends on December 15, 2018.
b. Journalize for Java the entry paying the cash dividends on January 4, 2019.

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Mocha Company earned net income of $ 95 comma 000 during the year ended December 31, 2018. On Decemb...

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