QS 13-9 Preferred stock issuance and dividends LO C2 1. Prepare the journal entry to record Tamas Company's issuance of 6,100 shares of $100 par value, 9% cumulative preferred stock for $101 cash per share. View transaction list View journal entry worksheet General Journal Credit No Transaction Debit 616,100 1 1 Cash Preferred stock, $100 par value 610,000 Paid-in capital in excess of par value, preferred stock 6,100 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 Dividend per Preferred Share Number of Preferred Dividend Dividend Preferred Shares Rate Share %