11-04: 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. What is the journal entry for the Ivanhoe Company transactions shown above?

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Stockholder's Equity

The stockholders’ equity (often referred to as the book value of the company) is the number of assets available to the stockholder after its entire liabilities is paid off. The stockholders’ equity is also sometimes referred to as owner's equity. The stockholders’ equity or book value generally includes common stock, treasury stock retained earnings. It is an indicator of a company's financial strength and is an important item on the company's balance sheet.