7 1. Prepare the journal entry to record Tamas Company's issuance of 7,000 shares of $100 par value, 6% cumulative preferred stock for $105 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.) 1.11 points Complete this question by entering your answers in the tabs below. eBook Required 1 Required 2 Hint Prepare the journal entry to record Tamas Company's issuance of 7,000 shares of $100 par value, 6% cumulative preferred stock for $105 cash per share. Print View transaction list References Journal entry worksheet Record the issuance of 7,000 shares of $100 par value, 6% cumulative preferred stock for $105 cash per share. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Record entry Clear entry View general Journal 7 1. Prepare the journal entry to record Tamas Company's issuance of 7,000 shares of $100 par value, 6% cumulative preferred stock for $105 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.) 1.11 points Complete this question by entering your answers in the tabs below. eBook Required 1 Required 2 Hint 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.) Number of Print Par Value per Preferred Share Dividend Rate Dividend per Preferred Share Preferred Preferred Dividend Shares References