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Ivanhoe Co. had these transactions during the current period. June 12 Issued 86,500 shares of $1 par value common stock for cash of $324,375. July
Ivanhoe Co. had these transactions during the current period. June 12 Issued 86,500 shares of $1 par value common stock for cash of $324,375. July 11 Issued 3,100 shares of $100 par value preferred stock for cash at $105 per share. Nov. 28 Purchased 1,800 shares of treasury stock for $9,350. Prepare a tabular summary to record the Ivanhoe Co. transactions. Include margin explanations for the changes in revenues and expenses. - Decreases in assets, liabilities, or stockholders' equity require a negative sign or parentheses. - Increases in expenses require a negative sign or parentheses. - Increases in Discount on Bonds Payable require a negative sign or parentheses. - Increases in Treasury Stock require a negative sign or parentheses
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