On January $1,2025,$ Ivanhoe issued $1,60020$ par, $6\%$ preference shares for $33,000.$

On January $1,2025,$ Ivanhoe also issued $9001$ par value ordinary shares for $6,500.$

Ivanhoe performed services for $283,000$ on account.

On April $1,2025,$ Ivanhoe collected fees of $36,000$ in advance for services to be performed from April $1,2025,$ to March $31,2026.$

Ivanhoe collected $267,500$ from customers on account.

Ivanhoe bought $27,400$ of supplies on account.

Ivanhoe paid $32,900$ on accounts payable.

Ivanhoe reacquired $350$ ordinary shares on June $1,2025,$ for $8$ per share.

Paid other operating expenses of $188,400.$

On December $31,2025,$ Ivanhoe declared the annual preference share dividend and a $0\mathrm{.}50$ per share dividend on the outstanding ordinary shares, all payable on January $15,2026.$

An account receivable of $1,400$ which originated in $2024$ is written off as uncollectible.

Adjustment data:

A count of supplies indicates that $5,900$ of supplies remain unused at year$-$end.

Recorded revenue recognized from item $4$ above.

The allowance for doubtful accounts should have a balance of $4,200$ at year$-$end.

depreciation is recorded on the building on a straight line basis based on a $30$ year life and a residual value of $12,000.$ prepare journal entries