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16.2024- common share contributed surplus cash 10,2024 cash common shares 31,2024 common share contributed surplus retained earnings cash answer asap please Ivanhoe Company had the
16.2024- common share
contributed surplus
cash
10,2024 cash
common shares
31,2024
common share
contributed surplus
retained earnings
cash answer asap please
Ivanhoe Company had the following Shareholders' Equity section as of February 1, 2024: On February 16, 2024, Ivanhoe reacquired and cancelled 4,900 Class A common shares at a cost of $3.40 per share. On April 10 , Ivanhoe issued 8,500 Class A common shares for $6.20 each. On May 31, the company reacquired and cancelled another 3,300 Class A common shares at $5.00 per share. Prepare the journal entries required to record these transactions. (Round per share calculations to 2 decimal places, e.g. 12.25 and final answers to 0 decimal places, e.g. 5,725. List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Record journal entries in the order presented in the problem.)Step by Step Solution
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