On January 1,2025, Ivanhoe issued 1,60020 par, 6% preference shares for 33,000. On...

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Accounting

On January 1,2025, Ivanhoe issued 1,60020 par, 6% preference shares for 33,000.
On January 1,2025, Ivanhoe also issued 9001 par value ordinary shares for 6,500.
Ivanhoe performed services for 283,000 on account.
On April 1,2025, Ivanhoe collected fees of 36,000 in advance for services to be performed from April 1,2025, to March 31,2026.
Ivanhoe collected 267,500 from customers on account.
Ivanhoe bought 27,400 of supplies on account.
Ivanhoe paid 32,900 on accounts payable.
Ivanhoe reacquired 350 ordinary shares on June 1,2025, for 8 per share.
Paid other operating expenses of 188,400.
On December 31,2025, Ivanhoe declared the annual preference share dividend and a 0.50 per share dividend on the outstanding ordinary shares, all payable on January 15,2026.
An account receivable of 1,400 which originated in 2024 is written off as uncollectible.
Adjustment data:
A count of supplies indicates that 5,900 of supplies remain unused at year-end.
Recorded revenue recognized from item 4 above.
The allowance for doubtful accounts should have a balance of 4,200 at year-end.
depreciation is recorded on the building on a straight line basis based on a 30 year life and a residual value of 12,000. prepare journal entries
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