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Ivanhoe Co$.$ had these transactions during the current period.

June $12$ Issued $86,500$ shares of $$1$ par value common stock for cash of $$324,375.$

July $11$ Issued $3,100$ shares of $$100$ par value preferred stock for cash at $$105$ per share.

Nov. $28$ Purchased $1,800$ shares of treasury stock for $$9,350.$

Prepare a tabular summary to record the Ivanhoe Co$.$ transactions. Include margin explanations for the changes in revenues and expenses.

Decreases in assets, liabilities, or stockholders' equity require a negative sign or parentheses.

Increases in expenses require a negative sign or parentheses.

Increases in Discount on Bonds Payable require a negative sign or parentheses.

Increases in Treasury Stock require a negative sign or parentheses.

$=\frac{\text{L}\text{i}\text{a}\text{b}\text{i}\text{l}\text{i}\text{t}\text{i}\text{e}\text{s}}{+}$

$=$

Common Stock

Paid in Capita

Par Value

July $11$

Nov. $28$

Pref stock

Pais in cpatial in excess of par value preffered

Trasury stock

Revenue

Expense

Dividend