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Mozart & Company Issued 1,500 Shares of 5%,$50 Par Value,preferred

Question 68

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Mozart & Company issued 1,500 shares of 5%,$50 par value,preferred stock for $150,000.The board of directors declared dividends on December 30,to be paid in January.What journal entry is necessary to record the declaration of dividends?


A) Mozart & Company issued 1,500 shares of 5%,$50 par value,preferred stock for $150,000.The board of directors declared dividends on December 30,to be paid in January.What journal entry is necessary to record the declaration of dividends? A) B) C) D)
B) Mozart & Company issued 1,500 shares of 5%,$50 par value,preferred stock for $150,000.The board of directors declared dividends on December 30,to be paid in January.What journal entry is necessary to record the declaration of dividends? A) B) C) D)
C) Mozart & Company issued 1,500 shares of 5%,$50 par value,preferred stock for $150,000.The board of directors declared dividends on December 30,to be paid in January.What journal entry is necessary to record the declaration of dividends? A) B) C) D)
D) Mozart & Company issued 1,500 shares of 5%,$50 par value,preferred stock for $150,000.The board of directors declared dividends on December 30,to be paid in January.What journal entry is necessary to record the declaration of dividends? A) B) C) D)

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