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Ivanhoe Companyhad these transactions during the current period. June 12Issued86,500shares of $1par value common stock for cash of $324,375.July 11Issued3,100shares of $103par value preferred stock

Ivanhoe Companyhad these transactions during the current period.

June 12Issued86,500shares of $1par value common stock for cash of $324,375.July 11Issued3,100shares of $103par value preferred stock for cash at $108per share.Nov. 28Purchased1,800shares of treasury stock for $9,350.

Prepare the journal entries for theIvanhoe Companytransactions shown above.

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