Prepare the journal entry to record Tamas Company??s issuance of 6,900 shares of $100 par value, 9% cumulative preferred stock for $104 cash per share.

Prepare the journal entry to record Tamas Companyâ??s issuance of 6,900 shares of $100 par value, 9% cumulative preferred stock for $104 cash per share. Assuming the facts in part 1, if Tamas declares 1 answer