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During 2025, its first year of operations as a delivery service, Ivanhoe Corp. entered into the following transactions. 1. Issued shares of common stock to
During 2025, its first year of operations as a delivery service, Ivanhoe Corp. entered into the following transactions. 1. Issued shares of common stock to investors in exchange for $194,000 in cash. 2. Borrowed $37,000 by issuing bonds. 3. Purchased delivery trucks for $54,000 cash. 4. Received $15,000 from customers for services performed. 5. Purchased supplies for $6.500 on account. 6. Paid rent of $5,900. 7. Performed services on account for $11,000. 8. Paid salaries of $29,700. 9. Paid a dividend of $11,000 to stockholders
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