FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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On January 1, Ivanhoe Corporation had 62,000 common shares issued. During the year, the following
transactions occurred.
Apr. 1 Issued 8,700 additional common shares for $66 cash per share.
June 15
July 10
Dec. 1
Dec. 15
Prepare the entries, if any, at each of the above dates. (List all debit entries before credit entries.
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.)
Date
Apr. 1
June 15
June 30
Declared a cash dividend of $1.50 per share to common shareholders of record on June 30,
payable on July 10.
Paid the $1.50 cash dividend.
Issued 4,100 additional common shares for $67 per share.
Declared a cash dividend of $1.75 per share to common shareholders of record on
December 31, payable January 10.
July 10
Account Titles and Explanation
Cash
Common Shares
Debit
574200
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Transcribed Image Text:On January 1, Ivanhoe Corporation had 62,000 common shares issued. During the year, the following transactions occurred. Apr. 1 Issued 8,700 additional common shares for $66 cash per share. June 15 July 10 Dec. 1 Dec. 15 Prepare the entries, if any, at each of the above dates. (List all debit entries before credit entries. 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.) Date Apr. 1 June 15 June 30 Declared a cash dividend of $1.50 per share to common shareholders of record on June 30, payable on July 10. Paid the $1.50 cash dividend. Issued 4,100 additional common shares for $67 per share. Declared a cash dividend of $1.75 per share to common shareholders of record on December 31, payable January 10. July 10 Account Titles and Explanation Cash Common Shares Debit 574200
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