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Ariore e jona tuy wie omias Comipall for $104 cash per share. 2. Assuming the...

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Accounting

Ariore e jona tuy wie omias Comipall for $104 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 6,900 shares of $100 par value, 9% cumulative preferred stock for $104 cash per share. A Transaction Answer is complete but not entirely correct. 1 Cash General Journal Preferred stock, $100 par value Paid-in capital in excess of par value, common stock Required 2 > Debit 545,900 Credit 530,000 X 15,900 x

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