Tremble Comfort Specialists, Inc. reported the following stockholders' equity on its balance sheet at June 30, 2018: Click the icon to view the partial balance sheet.) Read the requirements Requirement 1. Identify the different classes of stock that Tremble Comfort Specialists has outstanding Tremble has preferred stock and common stock outstanding. Requirement 2. What is the par value per share of Tremble Comfort Specialists' preferred stock? The par value of preferred stock is $ 4 per share. Requirement 3. Make two summary journal entries to record issuance of all the Tremble Comfort Specialists' stock for cash. Explanations are not required. (Record debits first, then credits. Exclude explanations from any journal entries.) Begin by recording the issuance of the preferred stock. Accounts Credit 1,000,000 Preferred Stock 1,000,000 Date Debit Cash Next, record the issuance of the common stock Nate Accounts Dehit Credit Choose from any list or enter any number in the input fields and then click Check Answer. ? 2 parts remaining Clear All Check Answer PrtScn F8 Home F9 End PgUp F11 PgDn F7 F10 F12 Ins ale Comfort Specialists, Inc. reported the following stockholders' equity on its balance sheet at Ju 18: Click the icon to view the partial balance sheet.) th Data Table - X nd le $ 1,000,000 Stockholders' Equity Paid-In Capital: Preferred Stock-5%, ? Par Value: 650,000 shares authorized, 250,000 shares issued and outstanding Common Stock-$1 Par Value; 5,000,000 shares authorized, 1,310,000 shares issued and outstanding Paid-In Capital in Excess of Par-Common Total Paid-In Capital Retained Earnings Total Stockholders' Equity 1,310,000 2,500,000 4,810,000 11,800,000 $ 100 16,610,000 Print Donie PINTO Done e from any list or enter any number in the input fields and then click Check Answer. ts naining Clear All Check Answer Question Help P13-40A (similar to) Tremble Comfort Specialists, Inc. reported the following stockholders' equity on its balance sheet at Jun 30, 2018 (Click the icon to view the partial balance sheet.) Read the requirements. Requirement 1. Identify the different classes of stock that Tremble Comfort Specialists has outstanding. Tremble has preferred stock and common stock outstanding. Requir The p * Requirements Requi Specia explar Begin D 1. Identify the different classes of stock that Tremble Comfort Specialists has outstanding. 2. What is the par value per share of Tremble Comfort Specialists' preferred stock? 3. Make two summary journal entries to record issuance of all the Tremble Comfort Specialists' stock for cash. Explanations are not required. 4. No preferred dividends are in arrears. Journalize the declaration of a $900,000 dividend at June 30, 2018, and the payment of the dividend on July 20, 2018. Use separate Dividends Payable accounts for preferred and common stock. An explanation is not required. 100 Next, Print Done hoose from any list or enter any number in the input fields and then click Check Answer. parts - remaining Clear All Check Answer PrtScn Home End HW Score: 70.44%, 28.... % P13-40A (similar to) Question Help Tremble Comfort Specialists, Inc. reported the following stockholders' equity on its balance sheet at June 30, 2018 (Click the icon to view the partial balance sheet.) Read the requirements The par value of preferred stock is $ 4 per share Requirement 3. Make two summary journal entries to record issuance of all the Tremble Comfort Specialists' stock for cash. Explanations are not required. (Record debits first, then credits. Exclude explanations from any journal entries.) Begin by recording the issuance of the preferred stock. Date Accounts Debit Credit Cash 1,000,000 Preferred Stock 1,000,000 Next, record the issuance of the common stock. Date Accounts Debit Credit Cash Common Stock-$1 Par Value Paid-In Capital in Excess of Par-Common Choose from any list or enter any number in the input fields and then click Check Answer. 2 parts remaining Clear All Check Answer PrtScn F8 Home F9 End PgUp F11 PgDn F10 F12 Ins