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Need help on filling in #2 Prepare the journal entry to record Tamas Company's issuance of 5.300 shares or $100 par value, 8% annulative preferred
Need help on filling in #2
Prepare the journal entry to record Tamas Company's issuance of 5.300 shares or $100 par value, 8% annulative preferred stock for $103 cash per share. View transaction list View journal entry worksheet 1Cash 545 Preferred stock, $100 par value Paid-n capital in excess of par value, 15.900 erred stock 2. Assuming the tacts in part 1. Tamas declares a year-end cash dividend, what is the amount of dividend paid to preterred sharenoiders? (Assume no divicends in arrears) Number of Preferred DividendpePreferred Shares eferred li Rate Preferred 42.400 Step by Step Solution
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