Ivanhoe Company 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 $$100$ par value preferred stock for cash at $$108$ per share.

Nov. $28$ Purchased $1,800$ shares of treasury stock for $$8,100.$

Prepare the journal entries for the Ivanhoe Company transactions. $($Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually. List all debit entries before credit entries. 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

Current Attempt in Progress

On January $1,$ Sarasota Corp. had $62,400$ shares of no$-$par common stock issued and outstanding. The stock has a stated value of $$4$ per share. During the year, the following transactions occurred.

Apr. $1$ Issued $15,750$ additional shares of common stock for $$11$ per share.

June $15$ Declared a cash dividend of $$1\mathrm{.}50$ per share to stockholders of record on June $30.$

July $10$ Paid the $$1\mathrm{.}50$ cash dividend.

Dec. $1$ Issued $7,000$ additional shares of common stock for $$13$ per share.

Dec. $15$ Declared a cash dividend on outstanding shares of $$1\mathrm{.}60$ per share to stockholders of record on December $31.$

$($a$)$