QUESTION 46 Lauren and Elizabeth are partners. Lauren has a capital balance of $125,000 and Elizabeth has a capital balance of $110,000. Harry invested $100,000 to acquire an ownership Interest of 30%. The journal entry to record the receipt of Harry's contribution will decrease Harry, Capital Increase Elizabeth, Capital decrease Lauren, Capital decrease Cash QUESTION 47 On November 1, 2018, Uno, Ino, declared a dividend of $4.50 per share. Uno, Inc. has 23,000 shares of common stock outstanding and no preferred stock. Which of the following is the journal entry needed to record the declaration of the dividend? Debit Cash $103,500, and credit Dividends Payable-Common S103,500. Debit Cash Dividends $103,500, and credit Dividends Payable - Common $103,500. Debit Dividends Payable-Common $103,600, and credit Retained Earnings $103,500. Debit Cash Dividends $103,500, and credit Cash $103,500. QUESTION 48 Dividends in arrears are passed dividends on noncumulative preferred stoch passed dividends on common stock passed dividends on cumulative preferred stock alability on the balance sheet