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  3. hama's foods has outstanding 500 $11.00 preferred

Hama's Foods has outstanding 500 $11.00 preferred shares and 1.200 common shares Mama's declares dividends...

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Accounting

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Hama's Foods has outstanding 500 $11.00 preferred shares and 1.200 common shares Mama's declares dividends of S10,300 The correct entry is DA Dividends Expense 16,300 Cash 16,300 16,300 8.150 8,150 . Retained Earnings Dividends Payable, Preferred Dividends Payable, Common O c. Dividends Payable, Preferred Dividends Payable, Common Cash 5,500 10,800 16,300 OD Retained Earnings 16,300 Dividends Payable, Preferred Dividends Payable. Common 5,500 10.800

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