Question
During its first year of operations, Ivanhoe Corporation had the following transactions pertaining to its common stock. Jan. 10 Issued 83,700 shares for cash at
During its first year of operations, Ivanhoe Corporation had the following transactions pertaining to its common stock.
Jan. 10 | Issued 83,700 shares for cash at $7 per share. | |
Mar. 1 | Issued 5,000 shares to attorneys in payment of a bill for $37,000 for services rendered in helping the company to incorporate. | |
July 1 | Issued 32,100 shares for cash at $9 per share. | |
Sept. 1 | Issued 63,100 shares for cash at $11 per share. |
Prepare the journal entries for these transactions, assuming that the common stock has a par value of $5 per share. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
Date | Account Titles and Explanation | Debit | Credit | |
---|---|---|---|---|
(a) | choose a transaction date Jan. 10Mar. 1July 1Sept. 1 | enter an account title | enter a debit amount | enter a credit amount |
enter an account title | enter a debit amount | enter a credit amount | ||
enter an account title | enter a debit amount | enter a credit amount | ||
choose a transaction date Jan. 10Mar. 1July 1Sept. 1 | enter an account title | enter a debit amount | enter a credit amount | |
enter an account title | enter a debit amount | enter a credit amount | ||
enter an account title | enter a debit amount | enter a credit amount | ||
choose a transaction date Jan. 10Mar. 1July 1Sept. 1 | enter an account title | enter a debit amount | enter a credit amount | |
enter an account title | enter a debit amount | enter a credit amount | ||
enter an account title | enter a debit amount | enter a credit amount | ||
choose a transaction date Jan. 10Mar. 1July 1Sept. 1 | enter an account title | enter a debit amount | enter a credit amount | |
enter an account title | enter a debit amount | enter a credit amount | ||
enter an account title | enter a debit amount | enter a credit amount |
Prepare the journal entries for these transactions, assuming that the common stock is no-par with a stated value of $2 per share. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
Date | Account Titles and Explanation | Debit | Credit |
---|---|---|---|
choose a transaction date Jan. 10Mar. 1July 1Sept. 1 | enter an account title | enter a debit amount | enter a credit amount |
enter an account title | enter a debit amount | enter a credit amount | |
enter an account title | enter a debit amount | enter a credit amount | |
choose a transaction date Jan. 10Mar. 1July 1Sept. 1 | enter an account title | enter a debit amount | enter a credit amount |
enter an account title | enter a debit amount | enter a credit amount | |
enter an account title | enter a debit amount | enter a credit amount | |
choose a transaction date Jan. 10Mar. 1July 1Sept. 1 | enter an account title | enter a debit amount | enter a credit amount |
enter an account title | enter a debit amount | enter a credit amount | |
enter an account title | enter a debit amount | enter a credit amount | |
choose a transaction date Jan. 10Mar. 1July 1Sept. 1 | enter an account title | enter a debit amount | enter a credit amount |
enter an account title | enter a debit amount | enter a credit amount | |
enter an account title | enter a debit amount | enter a credit amount |
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