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1. Prepare the joumat entiy to record Tamas Company's issuance of 5,000 shares of $100 par value. 76 cumulative preferred stock for $102 cash per

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1. Prepare the joumat entiy to record Tamas Company's issuance of 5,000 shares of $100 par value. 76 cumulative preferred stock for $102 cash per share 2. Assuming the facts in part 1, if Tamas deciares a year-end cash dividend, what is the amount of dividend paid to preferred sharehoiders? (Assume no dividends in arrears.) Complete this question by entering your answers in the tabs below. Prepare the joumal entry to record ramas Companys lseuance of 5,000 shares, of s100 par value, 7% cumulative preferred stock for $102 cash per share. Journal entry worksheet Record the issuance of 5,000 shares of 5100 par value, 796 cumulative preferred stock for 5102 cash per share. Noter Enter detitt before eredits: 1. Prepare the joumal entry to record Tamas Company's issuance of 5000 shares of 5100 par value. 7\% cumulative preferred stock for $102 cash per share. 2. Assuming the facts in pait 1. if Tamas declares a year-end cash dividend what is the amount of dividend paid to preferred shareholders? (Assume no dividends in arrears.) Complete this question by entering your answers in the tabs below. Assuming the facts in part 1 , if tamas declares a year-end cash dividend, what is the amount of dividend pald to preferred shareholders? (Assume no dividends in arrears.)

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