Question

UI UE WULL YOU HAVE Completed so far. It does not indicate completion QS 13-9 Preferred stock issuance and dividends LO C2 1. Prepare the journal entry to record Tamas Company's issuance of 6,800 shares of $100 par value, 8% cumulative preferred stock for $103 cash per share. Answer is complete and correct. No Transaction Credit Debit 700,400 General Journal Cash Preferred stock, $100 par value Paid-in capital in excess of par value, preferred stock 680,000 20,400

Answer 1

Transaction Debit Credit 700,400 General Journal Cash Preferred stock, $100 par value Paid-in capital in excess of par value, preferred stock di incastoak: 5100 par valve 680,000 20,400 Dividend per Preferred Share Par value per Preferred share Dividend Rate 100 8.0% Number of Preferred Shares Preferred Dividend 6,800 $ 54 400 $ 8.0