Question: Fill the red boxes Question 1 Ivanhoe Limited was organized on January 1, 2017. It is authorized to issue 11,400 8%, HK$1,002 par value preference

Fill the red boxes Question 1 Ivanhoe Limited was organized on January 1, 2017. It is authorized to issue 11,400 8%, HK$1,002 par value preference shares, and 461,500 no-par ordinary shares with a stated value

Fill the red boxes

Question 1 Ivanhoe Limited was organized on January 1, 2017. It is authorized to issue 11,400 8%, HK$1,002 par value preference shares, and 461,500 no-par ordinary shares with a stated value of HK$27 per share. The following share transactions were completed during the first year. Jan. 10 Issued 96,200 ordinary shares for cash at HK$68 per share. Mar. 1 Issued 5,400 preference shares for cash at HK$1,098 per share. Apr. 1 Issued 18,000 ordinary shares for land. The asking price of the land was HK$1,040,000. The fair value of the land was HK$895,000. May 1 Issued 82,600 ordinary shares for cash at HK$40 per share. Aug. 1 Issued 10,600 ordinary shares to attorneys in payment of their bill of HK$356,000 for services provided in helping the company organize. Sept. 1 Issued 11,300 ordinary shares for cash at HK$48 per share. Nov. 1 Issued 1,650 preference shares for cash at HK$1,087 per share. Journalize the transactions. (Credit account titles are automatically indented when amount is ente Date Account Titles and Explanation Debit Credit Jan. 10 Cash Share Capital-Ordinary > X Share Premium-Ordinary Mar. 1 Cash Share Capital-Preference Apr. 1 Land > Share Capital-Ordinary Share Premium-Ordinary X May 1 Cash x Share Capital-Ordinary Share Premium-Ordinary Aug. 1 Organization Expense Share Capital-Ordinary Share Premium-Ordinary Sept. 1 Cash Share Capital-Ordinary Share Premium-Ordinary Nov. 1 Cash Share Capital-Preference x Share Premium-Preference

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