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1. Prepare the journal entry to record Tamas Company's issuance of 6,000 shares of $100 par value, 8% cumulative preferred stock for $106 cash
1. Prepare the journal entry to record Tamas Company's issuance of 6,000 shares of $100 par value, 8% cumulative preferred stock for $106 cash per share. 2. Assuming the facts in part 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. Required 1 Required 2 Prepare the journal entry to record Tamas Company's issuance of 6,000 shares of $100 par value, 8% cumulative preferred stock for $106 cash per share. View transaction list Journal entry worksheet < Record the issue of $100 par value preferred stock for $106 cash per share. Note: Enter debits before credits. Transaction General Journal Debit Credit
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