View Policies Current Attempt in Progress On January 1, 2022, Ivanhoe Corporation had $1,470,000 of common stock outstanding that was issued at par. It also had retained earnings of $741,500. The company issued 41,500 shares of common stock at par on July 1 and earned net income of $400,000 for the year. Journalize the declaration of a 15% stock dividend on December 10, 2022, for the following independent assumptions. (Credit account titles are automatically indented when 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.) a. b. No. Account Titles and Explanation a. Par value is $10, and market price is $18. Par value is $5, and market price is $21. b. Debit Credit
View Policies Current Attempt in Progress On January 1, 2022, Ivanhoe Corporation had $1,470,000 of common stock outstanding that was issued at par. It also had retained earnings of $741,500. The company issued 41,500 shares of common stock at par on July 1 and earned net income of $400,000 for the year. Journalize the declaration of a 15% stock dividend on December 10, 2022, for the following independent assumptions. (Credit account titles are automatically indented when 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.) a. b. No. Account Titles and Explanation a. Par value is $10, and market price is $18. Par value is $5, and market price is $21. b. Debit Credit
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Current Attempt in Progress
On January 1, 2022, Ivanhoe Corporation had $1,470,000 of common stock outstanding that was issued at par. It also had retained
earnings of $741,500. The company issued 41,500 shares of common stock at par on July 1 and earned net income of $400,000 for the
year.
Journalize the declaration of a 15% stock dividend on December 10, 2022, for the following independent assumptions. (Credit account
titles are automatically indented when 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.)
a.
b.
Par value is $10. and market price is $18.
Par value is $5, and market price is $21.
No. Account Titles and Explanation
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Debit
Credit
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