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1. Prepare the Journal entry to record Tamas Company's issuance of 6,400 shares of $100 par value, 8% cumulative preferred stock for $104 cash per

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1. Prepare the Journal entry to record Tamas Company's issuance of 6,400 shares of $100 par value, 8% cumulative preferred stock for $104 cash per share. 2. 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.) Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the journal entry to record Tomas Company's Issuance of 6,400 shares of $100 par value, 8% cumulative preferred stock for $104 cash per share View transaction list Journal entry worksheet

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