Prepare the journal entry to record tamar companys issuance

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a. Prepare the journal entry to record Tamar Company's issuance of 6,000 shares of $100 par value 6% cumulative preferred stock for $102 cash per share.

b. Assuming the facts in part 1, if Tamar declares a year-end cash dividend, what is the amount of dividend paid to preferred shareholders?

Reference no: EM13609564

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