1. Prepare the journal entry to record Tamas Company's issuance of 6,600 shares of $100 par value, 6% cumulative preferred stock for $106 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 I Prepare the journal entry to record Tamas Company's issuance of 6,600 shares of $100 par value, 6% cumulative preferred stock for $106 cash per share. View transaction list Journal entry worksheet A Record the issuance of 6,600 shares of $100 par value, 6% cumulative preferred stock for $106 cash per share. Note: Enter debits before credits. Transaction General Journal Debit Credit

1. Prepare the journal entry to record Tamas Company's issuance of 6,600 shares of $100 par value, 6% cumulative preferred stock for $106 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 I Prepare the journal entry to record Tamas Company's issuance of 6,600 shares of $100 par value, 6% cumulative preferred stock for $106 cash per share. View transaction list Journal entry worksheet A Record the issuance of 6,600 shares of $100 par value, 6% cumulative preferred stock for $106 cash per share. Note: Enter debits before credits. Transaction General Journal Debit Credit

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter16: Retained Earnings And Earnings Per Share

Section: Chapter Questions

Problem 19E: Lyon Company shows the following condensed income statement information for the year ended December...

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