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Need the answer for part 2 please. 1. Prepare the ournal entry to record Tamas Company's Issuance of 5,600 shares of $100 par value 8%
Need the answer for part 2 please.
1. Prepare the ournal entry to record Tamas Company's Issuance of 5,600 shares of $100 par value 8% cumulative preferred stock for $102 cash per share. View transaction list Journal entry worksheet Record the issue of $100 par value preferred stock for $102 cash per share. Note: Enter debits before credits. ransaction General Journal Debit Credit Cash 571,200 Preferred stock, $100 par value Paid-in capital in excess of par value, preferred stock 11,200 Record entry Clear entry View general journalStep by Step Solution
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