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est Cha t Specialis en to view ments. dentify th forrad et Data table Stockholders' Equity Paid-In Capital: Preferred Stock-8%, ? Par Value; 750,000 shares authorized, 375,000 shares issued and outstanding S Common Stock-$1 Par Value; 4,000,000 shares authorized, 1,350,000 shares issued and outstanding Print Done 1,500,000 1,350,000 - X Data table autorizou, no one outstanding Paid-In Capital in Excess of Par-Common Total Paid-In Capital Retained Earnings Total Stockholders' Equity Done Print 1,350,000 2,700,000 5,550,000 12,100,000 17,650,000 - X Thurman Comfort Specialists, Inc. reported the following stockholders' equity on its balance sheet at June 30, 2024: Requirement 1. Identify the different classes of stock that Thurman Comfort Specialists has outstanding. Thurman has preferred stock and common stock outstanding. Requirement 2. What is the par value per share of Thurman Comfort Specialists' preferred stock? The par value per share of preferred stock is Requirement 3. Make two summary journal entries to record issuance of all the Thurman Comfort Specialists' stock for cash. Explanations are not required. (Record debits first, then credits. Exclude explanations from any journal entries.) Begin by recording the issuance of the preferred stock. Date Accounts Debit Credit Thurman Comfort Specialists, Inc. reported the following stockholders' equity on its balance sheet at June 30, 2024: Next, record the issuance of the common stock. Date Accounts Debit Credit Requirement 4. No preferred dividends are in arrears. Journalize the declaration of a $700,000 dividend at June 30, 2024, and the payment of the dividend on July 20, 2024. Use separate Dividends Payable accounts for preferred and common stock. An explanation is not required. (Record debits first, then credits. Exclude explanations from any journal entries.) Begin by recording the declaration of a $700,000 dividend at June 30, 2024. Date Accounts Debit Credit Jun, 30 Thurman Comfort Specialists, Inc. reported the following stockholders' equity on its balance sheet at June 30, 2024: Record the payment of the dividend on July 20, 2024. Date Accounts Debit Credit Jul. 20 Time Remaining: 03 22:10