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Ivanhoe Company had these transactions during the current period. June 12 July 11 Issued 86,500 shares of $1 par value common stock for cash of
Ivanhoe Company had these transactions during the current period. June 12 July 11 Issued 86,500 shares of $1 par value common stock for cash of $324,375. Issued 3,100 shares of $100 par value preferred stock for cash at $105 per share. Purchased 1,800 shares of treasury stock for $9,350. Nov. 28 Prepare a tabular summary to record the Ivanhoe Company transactions. Include margin explanations for the changes in revenues and expenses. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Assets Liabilities + Cash II + Common Stock June 22 $ TA to July 11 Nov. 28 Paid-in-Capital + PIC in Excess of Par Com. + Pref. Stock + PIC in Excess of Par Pref. $ $ Retained Earnings Dividend $
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