Give me answer within 45 min I will give you positive rating immediately ....Plz do both part ... Moche Company eamed net income of $105,000 during the year ended December 31, 2018. On December 15, Mocha declared the annual cash dividend on its 3% preferred stock (par value, $115,000) and a $0.25per share cash dividend on its common stock (62,000 shares). Mocha then paid the dividends on January 4, 2019.Read the requirements.Requirement 1. Joumalize for Mocha the entry declaring the cash dividends on December 15, 2018. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.)DateAccounts and ExplanationDebitCreditRequirementst1. Joumalize for Mocha the entry declaring the cash dividends on December 15,2018.2. Joumalize for Mocha the entry paying the cash dividends on January 4, 2019.PrintDone2018Dec. 15

The dividend is the portion of retained earnings of the company which is distributed to the…

Moche Company named net income of $105,000 during the year ended December 31, 2018. On December 15, Mocha declared the annual cash dividend on its 3% preferred stock (par value, $115, per share cash dividend on its common stock (62,000 shares). Mocha then paid the dividends on January 4, 2019. Read the requirements line of the journal entry table 1 Requirement 1. Joumalize for Mocha the entry declaring the cash dividends on December 15, 2018. (Record debits first, then credits. Select the explanation Date Accounts and Explanation Debit Credit Requirements 1. Joumalize for Mocha the entry declaring the cash dividends on December 15, 2018. 2. Joumalize for Mocha the entry paying the cash dividends on January 4, 2019. Print Done 2018 Dec. 15 X

Moche Company named net income of $105,000 during the year ended December 31, 2018. On December 15, Mocha declared the annual cash dividend on its 3% preferred stock (par value, $115, per share cash dividend on its common stock (62,000 shares). Mocha then paid the dividends on January 4, 2019. Read the requirements line of the journal entry table 1 Requirement 1. Joumalize for Mocha the entry declaring the cash dividends on December 15, 2018. (Record debits first, then credits. Select the explanation Date Accounts and Explanation Debit Credit Requirements 1. Joumalize for Mocha the entry declaring the cash dividends on December 15, 2018. 2. Joumalize for Mocha the entry paying the cash dividends on January 4, 2019. Print Done 2018 Dec. 15 X

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter10: Stockholder's Equity

Section: Chapter Questions

Problem 85PSB: Common Dividends Thompson Payroll Service began in 2019 with 1,500,000 authorized and 820,000 issued...

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