On January 1, Riverbed Corp had 62,300 shares of no-par common stock issued and outstanding. The stock has a stated value of $4 per share. During the year, the following transactions occurred.Apr. 1 Issued 15,300 additional shares of common stock for $13 per share.June 15 Declared a cash dividend of $1.50 per share to stockholders of record on June 30.July 10 Paid the $1.50 cash dividend.Dec. 1 Issued 6,800 additional shares of common stock for $11 per share.Dec. 15 Declared a cash dividend on outstanding shares of $1.70 per share to stockholders of record on December 31.

Journal is a place where accounting transactions are listed in the book keeping system before ledger…

Answered: On January 1, Riverbed Corp had 62,300…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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On January 1, Riverbed Corp had 62,300 shares of no-par common stock issued and outstanding. The stock has a stated value of $4 per share. During the year, the following transactions occurred.

Apr. 1		Issued 15,300 additional shares of common stock for $13 per share.
June 15		Declared a cash dividend of $1.50 per share to stockholders of record on June 30.
July 10		Paid the $1.50 cash dividend.
Dec. 1		Issued 6,800 additional shares of common stock for $11 per share.
Dec. 15		Declared a cash dividend on outstanding shares of $1.70 per share to stockholders of record on December 31.

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