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Ivanhoe Ltd. had the following share transactions during its first year of operations: Jan. 9 Jan. 12 Mar. 17 July 18 Issued 160,000 common shares
Ivanhoe Ltd. had the following share transactions during its first year of operations: Jan. 9 Jan. 12 Mar. 17 July 18 Issued 160,000 common shares for $1.50 per share. Issued 40,000 common shares for $1.75 per share. Issued 800 preferred shares for $105 per share. Issued 800,000 common shares for $2 per share. Nov. 17 Dec. 30 30 Reacquired 160,000 common shares for $1.95 per share. Reacquired 120,000 common shares for $1.80 per share. Journalize the transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no W entry is required, select "No Entry" for the account titles and enter O for the amounts. Round average per share to 2 decimal places.es 52.75 and final answers to O decimal places, eg. 5,275. Record journal entries in the order presented in the problem.) (Issued common shares for cash.) Nov. 17 Common Shares Contributed Surplus-Reacquisition of Common Shares Cash (To record reacquisition of common shares.) Dec. 30 Common Shares Contributed Surplus-Reacquisition of Common Shares Cashi (To record reacquisition of common shares.) 312000 16000 216000 9600 12000 Activate Wi Go to Settings Your answer is partially correct. How many common shares remain at the end of the year and what is their average per share? (Round average per share t places, e.g. 52.75.) Remaining common shares 720000 Average per share eTextbook and Media List of Accounts Question Part Score 1.92 $ 4 O iff 96 40 hp & 6 7 8 144 6 0 144 brt sc { R T Y U I P [ 5
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