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Ivanhoe Corporation issued 320 shares of $10 par value ordinary shares for $4,670. Prepare
Ivanhoe’s journal entry.
Options for Account Titiles and Explanation:
- Share Premium—Preference
- Cash
- Share Capital—Ordinary
- Share Premium—Treasury
- Share Capital—Preference
- Share Premium—Ordinary
Account Titles and Explanation
Debit
Credit
Account Titles and Explanation
Debit
Credit
Solution

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Ivanhoe Corporation issued 320 shares of $10 par value ordinary shar.pdf

  • 1. Ivanhoe Corporation issued 320 shares of $10 par value ordinary shares for $4,670. Prepare Ivanhoe’s journal entry. Options for Account Titiles and Explanation: - Share Premium—Preference - Cash - Share Capital—Ordinary - Share Premium—Treasury - Share Capital—Preference - Share Premium—Ordinary Account Titles and Explanation Debit Credit Account Titles and Explanation Debit Credit Solution