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On January 1, Ivanhoe Corporation had 91,000 shares of no-par common stock issued and outstanding. The stock has a stated value of $6 per share. During the year, the following occurred. Apr. 1 June 15 July 10 Dec. 1 (a) 15 Issued 21.000 additional shares of common stock for $17 per share. Declared a cash dividend of $1 per share to stockholders of record on June 30. Paid the $1 cash dividend. Issued 2.500 additional shares of common stock for $18 per share. Declared a cash dividend on outstanding shares of $2.30 per share to stockholders of record on December 31. Prepare the entries to record these transactions. If no entry is required, select "No entry for the account titles and enter O for the amounts Record journal entries in the order presented in the problem, Credit account titles are automatically indented when amount is entered. Do not indent manually)

On January 1, Ivanhoe Corporation had 91,000 shares of no-par common stock issued and outstanding. The stock has a stated value of $6 per share. During the year, the following occurred. Apr. 1 June 15 July 10 Dec. 1 (a) 15 Issued 21.000 additional shares of common stock for $17 per share. Declared a cash dividend of $1 per share to stockholders of record on June 30. Paid the $1 cash dividend. Issued 2.500 additional shares of common stock for $18 per share. Declared a cash dividend on outstanding shares of $2.30 per share to stockholders of record on December 31. Prepare the entries to record these transactions. If no entry is required, select "No entry for the account titles and enter O for the amounts Record journal entries in the order presented in the problem, Credit account titles are automatically indented when amount is entered. Do not indent manually)

FINANCIAL ACCOUNTING
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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On January 1, Ivanhoe Corporation had 91,000 shares of no-par common stock issued and outstanding. The stock has a stated value of $6 per share. During the year, the following occurred. Apr. June July Dec (a) 1 Issued 21.000 additional shares of common stock for $17 per share. 15 Declared a cash dividend of $1 per share to stockholders of record on June 30. Paid the $1 cash dividend. Issued 2.500 additional shares of common stock for $18 per share. Declared a cash dividend on outstanding shares of $2.30 per share to stockholders of record on December 31. G 10 1 15 Prepare the entries to record these transactions. Of no entry is required, select "No entry for the account titles and enter O for the amounts Record journal entries in the order presented in the problem, Credit account titles are automatically indented when amount is entered. Do not indent manually) Date Apr 1 June 15 v Account Titles and Explanation Cash Common Stock Pantin Capital Excs of Stated Vake Common Stock Cash Dividends Debit 357,000 105.000 Credit 126.000 231.000 105.000
Transcribed Image Text:On January 1, Ivanhoe Corporation had 91,000 shares of no-par common stock issued and outstanding. The stock has a stated value of $6 per share. During the year, the following occurred. Apr. June July Dec (a) 1 Issued 21.000 additional shares of common stock for $17 per share. 15 Declared a cash dividend of $1 per share to stockholders of record on June 30. Paid the $1 cash dividend. Issued 2.500 additional shares of common stock for $18 per share. Declared a cash dividend on outstanding shares of $2.30 per share to stockholders of record on December 31. G 10 1 15 Prepare the entries to record these transactions. Of no entry is required, select "No entry for the account titles and enter O for the amounts Record journal entries in the order presented in the problem, Credit account titles are automatically indented when amount is entered. Do not indent manually) Date Apr 1 June 15 v Account Titles and Explanation Cash Common Stock Pantin Capital Excs of Stated Vake Common Stock Cash Dividends Debit 357,000 105.000 Credit 126.000 231.000 105.000
Date Apr 1 Juve 15 July 10 Dec 1 Dec 15 M Y Account Titles and Explanation. Cash Convmon Stock Paid in Capital in Excess of Stated Value-Common Stock Cash Dividends Dividends Payable Dividends Payabin Cash Cash Common Stock Paid in Capital in Excess of Stated Value Common Stock Cash Dividends Dividendi Payable Debit 357,000 105,000 91,000 45,000 209,300. Credit 126,000 231,000 105.000 91,000 ¡¡ 12.500 32.500 209,300
Transcribed Image Text:Date Apr 1 Juve 15 July 10 Dec 1 Dec 15 M Y Account Titles and Explanation. Cash Convmon Stock Paid in Capital in Excess of Stated Value-Common Stock Cash Dividends Dividends Payable Dividends Payabin Cash Cash Common Stock Paid in Capital in Excess of Stated Value Common Stock Cash Dividends Dividendi Payable Debit 357,000 105,000 91,000 45,000 209,300. Credit 126,000 231,000 105.000 91,000 ¡¡ 12.500 32.500 209,300
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