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Read the Requirements 1.) Journalize for Blacktea the entry declaring the cash dividends...

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Accounting

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Read the Requirements

1.) Journalize for Blacktea the entry declaring the cash dividends on December 15, 2018.

2.) Journalize for Blacktea the entry paying the cash dividends on January 4, 2019

Blacktea Company earned net income of $95,000 during the year ended December 31, 2018. On December 15, Blacktea declared the annual cash dividend on its 6% preferred stock (par value, $128,000) and a $0.75 per share cash dividend on its common stock (65,000 shares). Blacktea then paid the dividends on January 4, 2019 Read the requirements Requirement 1. Journalize for Blacktea 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.) Debit Cred Date 2018 Dec. 15 Accounts and Explanation Choose from any list or enter any number in the input fields and then click Check Answer. part remaining Clear All Check

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