1. 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. View transaction list Journal entry
worksheet Record the issue of $100 par value preferred stock for $104 cash per share Note: Enter
debits before credits. Transaction General Journal Debit Credit
Solution
1) Journal entry :
2) Dividend :Dateaccount & explanationdebitcreditCash (6900*104)717600Preferred
Stock690000Paid in capital in excess of par value-Preferred stock27600(To record issue
preferred Stock).
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1. Prepare the journal entry to record Tamas Companys issuance of 6.pdf
1. 1. 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. View transaction list Journal entry
worksheet Record the issue of $100 par value preferred stock for $104 cash per share Note: Enter
debits before credits. Transaction General Journal Debit Credit
Solution
1) Journal entry :
2) Dividend :Dateaccount & explanationdebitcreditCash (6900*104)717600Preferred
Stock690000Paid in capital in excess of par value-Preferred stock27600(To record issue
preferred Stock)
