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Ivanhoe Company had the following Shareholders' Equity accounts as of May 1, 2020: Share capital: Preferred shares, 80,000 issued and outstanding Class A common shares, 170,000 issued and outstanding Class B common shares, 280,000 issued and outstanding Retained earnings Total shareholders' equity $960,000 875,500 1,652,000 3,295,000 $6,782,500 On June 10, Ivanhoe reacquired and cancelled 1,900 Class A common shares at a cost of $3.95 per share. On August 26, 2020, Ivanhoe issued 3,800 Class A common shares for $8.50 each. On September 30, the company reacquired and cancelled another 1,900 Class A common shares at $8.50 per share. Prepare the journal entries required to record these transactions. (Round per share value to 4 decimal places, e.g. 1.2512 and final answer to O decimal places, e.g. 5,275. Credit account titles are automatically indented when the 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. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit June 10 A Common Shares 9785 Contributed Surplus 2280 Cash 7505 Aug. 26 A Cash 32300 Common Shares 32300 Sept. 30 Common Shares 9920 Contributed Surplus 12730 Retained Earnings 3420 Cash 16,150

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