On January $1,2025,$ Ivanhoe Corporation ha $84,000$ shares of $$1$ par value common stock issued and outstanding. During the year, the following transactions occurred:

Mar. $1$ Issued $29,000$ shares of common stock for $$742,500.$

June $1$ Declared a cash dividend of $$2$ per share to stockholders of record on June $15.$

June $30$ Paid the $$2$ cash dividend.

Dec. $1$ Purchased $5,500$ shares of common stock for the treasury for $$18$ per share.

Dec. $15$ Declared a cash dividend on outstanding shares of $$2\mathrm{.}50$ per share to stockholders of record on December $31.$

$(84,000+99\mathrm{.}008)+2=366,000$

Net income for $2025$ totaled $$1,018,500.$

Prepare journal entries to record the above transactions. $($Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. List all debit entries before credit entries.$)$ Bag Shares $+$ shorel issuond $-$ shous repurdos$)$

Dividend payde boe $15-$

Date Account Titles and Explanation For ${?}^{,}$

Debit

Ci

$\frac{12}{12}\frac{?}{23},11$:$42AM$ Question $24$ of $26-$ Practice Exam #$3($Ch$.9-12)$

Practice Exam #$3($Ch$.9-12)$

March I

Question $24$ of $26$ common stodk

$742\mathrm{.}500$

aditional paid in copital$-$common stock

cash duidend

Dividend parable

$366,000$

Jun $30-$ Dividend pacable

$366,000$

cush

Treasuru stock

$99,000$

casn

$99\mathrm{.}000$

Cash Dividend

Dividend payable.