Accounting ll

& 13 Saved Help Save & Exit Submit 1. Prepare the journal entry to record Tamas Company's issuance of 5,500 shares of $100 par value, 7% cumulative preferred stock for $105 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.) 38 Complete this question by entering your answers in the tab Required 1 Required 2 Prepare the journal entry to record Tamas Company's issuance of 5 $105 cash per share