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Exercise 13-4 Recording stock issuances LO P1 Prepare journal entries to record each of the following four separate issuances of stock. 1. A corporation issued

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Exercise 13-4 Recording stock issuances LO P1 Prepare journal entries to record each of the following four separate issuances of stock. 1. A corporation issued 8,000 shares of $10 par value common stock for $96,000 cash 2. A corporation issued 4,000 shares of no par common stock to its promoters in exchange for their efforts, estimated to be worth $43,000. The stock has a $1 per share stated value. 3. A corporation issued 4,000 shares of no par common stock to its promoters in exchange for their efforts, estimated to be worth $43,000. The stock has no stated value 4. A corporation issued 2,000 shares of $100 par value preferred stock for $243,000 cash. ces View transaction list Journal entry worksheet A B D Record the issue of 8,000 shares of $10 par value common stock for $96,000 cash. Note: Enter debits before credits. Debit Credit Transaction General Journal 1 Saved Hel - QS 13-11 Preferred stock issuance and dividends LO C2 1. Prepare the journal entry to record Tamas Company's Issuance of 5,500 shares of $100 par value, 7% 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.) 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 5,500 shares of $100 par value, 7% cumulative preferred stock for $105 cash per share View transaction list Journal entry worksheet > Record the issue of $100 par value preferred stock for $105 cash per share. Note: Enter debits before credits. Credit Debit Transaction General Journal He QS 13-11 Preferred stock issuance and dividends LO C2 1. Prepare the journal entry to record Tamas Company's issuance of 5,500 shares of $100 par value, 7% 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.) Complete this question by entering your answers in the tabs below. Required 1 Required 2 Assuring 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.) Par Value per Preferred Share Dividend Rate Dividend per Preferred Share Number of Preferred Shares Preferred Dividend %

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