On December 31, 2023, Ivanhoe Corporation, a public company, had the following shareholders' equity accounts: Shareholders' equity Common shares (unlimited number of shares authorized, 87,000 issued) Retained earnings Total shareholders' equity During the year, the following transactions occurred: July Dec. (a) Jan. 15 Declared a $1 per share cash dividend to shareholders of record on January 31, payable February 15. Announced a 2-for-1 stock split. The market price per share on the date of the announcement was $12 1 IVANHOE CORPORATION Balance Sheet (partial) December 31, 2023 15 31 $1,193,000 Date Account Titles and Explanation 530,000 Declared a 10% stock dividend to shareholders of record on December 30, distributable on January 15. On December 15, the manyet price of each share was $6; on December 30, $7; and on January 15, $6. $1,723,000 Determined that profit before income tax for the year was $466,000. The company has a 30% Income tax rate. Journalize the transactions for 2024 and closing entries for 2024. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter 0 for the amounts. Record journal entries in the order presented in the problem. List all debit entries before credit entries.) (Dividend declaration) (Dividend record date) Debit 110

On December 31,2023, Ivanhoe Corporation a public compary. had the followine shareholders equity accounts: During the year, the following transactions occurred: Jan: 15 Deciared a \$1 per share cash dividend to shareholders of record on January 31 payable February 15. July 1 Announced a 2 -for-1 stock split. The market price per share on the date of the announcement was Dec 15 Declared a 10 s stock dividezd to shareholders of record on December 30 , distributable on January 15. On December 15, the matet price of each share was 56 ; on December 30,57 ; and on January 15 . 56 31. Determined that profit before income tax for the year was 5466,000 . The company has a 30% income taxrate. (a) Journalize the transactions for 2024 and closing entries for 2024. (Credit account titles are automatically indented when the omount is entered. Do not indent manually. If no entry is required, select "No Entry* for the account titles and enter 0 for the amounts. Record journal entries in the order presented in the problem. List all debit entries before credit entries.)