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 O for the amounts.) a. b. Par value is $10, and market price is $18. Par value is $5, and market price is $21. Account Titles and Explanation 4 Debit Credit
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 O for the amounts.) a. b. Par value is $10, and market price is $18. Par value is $5, and market price is $21. Account Titles and Explanation 4 Debit Credit
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter15: Contributed Capital
Section: Chapter Questions
Problem 16P: Treasury Stock, Cost Method Bush-Caine Company reported the following data on its December 31, 2018,...
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Pls help me be clear and make the tables if it is debit or credit also
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