QS 11-11 Preferred stock issuance and dividends LO C2 1. Prepare the journal entry to record Tamas Company's issuance of 6,700 shares of $100 par value, 7% cumulative preferred stock for $102 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 6,700 shares of $100 par value, 7% cumulative preferred stock for $102 cash per share. View transaction list View journal entry worksheet Transaction General Journal Debit Credit No A Cash Preferred stock, $100 par value Paid-in capital in excess of par value, preferred stock QS 11-11 Preferred stock issuance and dividends LO C2 1. Prepare the journal entry to record Tamas Company's issuance of 6,700 shares of $100 par value, 7% cumulative preferred stock for $102 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 ------------------ 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.) Par Value per Preferred Share Dividend Rate Dividend per Preferred Share Number of Preferred Shares Preferred Dividend 7.01% ( Required 1 Required 2 >