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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

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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 $105 per share. Nov. 28 Purchased 1,800 shares of treasury stock for $9,350. 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 Common Stock + PIC in Exce: June 22 $ 324375 $ July 11 Nov. 28 amount entered for the particular Asset, Liability or Equity item that was reduced.) Stockholder: Paid-in-Capital IC in Excess of Par Com. + Pref. Stock + PIC in Excess of Par Pref. Treasury Stock $ i $ i $ amount entered for the particular Asset, Liability or Equity item that was reduced.) Retained Earnings Revenue Expense Dividend i $ i $ Paid-in-capital in excess of preferred stock Preferred stock Interest expense Common stock Paid-in-capital in excess of common stock Dividends e Textbook and Media

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