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June 12 Issued 82,500 shares of $1 par value common stock for cash of $309,375. July 11 Nov. 28 Issued 3,450 shares of $103
June 12 Issued 82,500 shares of $1 par value common stock for cash of $309,375. July 11 Nov. 28 Issued 3,450 shares of $103 par value preferred stock for cash at $107 per share. Purchased 2,650 shares of treasury stock for $8,450. Prepare the journal entries for the Ivanhoe Company transactions shown above. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation June 12 Cash Common Stock Paid-in Capital in Excess of Par Value-Common Stock July 11 Cash Paid-in Capital in Excess of Par Value-Preferred Stock Paid-in Capital in Excess of Par Value-Preferred Stock Nov. 28 Treasury Stock Common Stock Debit Credit 309375 369150 8450 82500 226875 355350 13800 2650
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