Ivanhoe Company had these transactions during the current period.June 12 Issued 86,500 shares of $1 par value common stock for cash of $324,375.July 11 Issued 3,100 shares of $103 par value preferred stock for cash at $108 per share.Nov. 28 Purchased 1,800 shares of treasury stock for $9,350.

Par Value: Par value is a value of single share. This value is shown on the stock certificate at the…

Answered: Ivanhoe Company had these transactions…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Ivanhoe Company had these transactions during the current period.

June 12		Issued 86,500 shares of $1 par value common stock for cash of $324,375.
July 11		Issued 3,100 shares of $103 par value preferred stock for cash at $108 per share.
Nov. 28		Purchased 1,800 shares of treasury stock for $9,350.

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