Homework Help is Here – Start Your Trial Now!
Business
Accounting
Post to the stockholders' equity accounts. (Post entries in the order of journal entries presented in the previous part) Preferred Stock Nov 1 Jan 10 Apr 1 Ar 1 Seat 1 Mar. 1 00 Nov 1 V Common Stock Jan 10 Apr 1 May 1 Aug 1 Sept. 1 Mar 1 V Paid-in Capital in Excess of Par-Preferred Stock Now 1 V Paid-in Capital in Excess of Stated Value-Common Stock 405000 169000 40500 100

Post to the stockholders' equity accounts. (Post entries in the order of journal entries presented in the previous part) Preferred Stock Nov 1 Jan 10 Apr 1 Ar 1 Seat 1 Mar. 1 00 Nov 1 V Common Stock Jan 10 Apr 1 May 1 Aug 1 Sept. 1 Mar 1 V Paid-in Capital in Excess of Par-Preferred Stock Now 1 V Paid-in Capital in Excess of Stated Value-Common Stock 405000 169000 40500 100

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
See similar textbooks
icon
Related questions
Question

Please help me fast

Riverbed Corporation was organized on January 1, 2022. It is authorized to issue 14,500 shares of 8%, $100 par value preferred stock, and 475,000 shares of no-par common stock with a stated value of $2 per share. The following stock transactions were completed during the first year. Jan. 10 Issued 84,500 shares of common stock for cash at $4 per share. Issued 4,050 shares of preferred stock for cash at $110 per share. Issued 24,000 shares of common stock for land. The asking price of the land was $88,500. The fair value of the land was $83,500. Issued 83,000 shares of common stock for cash at $5.25 per share. Issued 12,000 shares of common stock to attorneys in payment of their bill of $40,500 for services performed in helping the company organize, Sept. Issued 11.500 shares of common stock for cash at $5 per share. Nov. 1 Issued 2,500 shares of preferred stock for cash at $111 per share. Mar. 1 Apr. 1 May 1 Aug 1 1
Transcribed Image Text:Riverbed Corporation was organized on January 1, 2022. It is authorized to issue 14,500 shares of 8%, $100 par value preferred stock, and 475,000 shares of no-par common stock with a stated value of $2 per share. The following stock transactions were completed during the first year. Jan. 10 Issued 84,500 shares of common stock for cash at $4 per share. Issued 4,050 shares of preferred stock for cash at $110 per share. Issued 24,000 shares of common stock for land. The asking price of the land was $88,500. The fair value of the land was $83,500. Issued 83,000 shares of common stock for cash at $5.25 per share. Issued 12,000 shares of common stock to attorneys in payment of their bill of $40,500 for services performed in helping the company organize, Sept. Issued 11.500 shares of common stock for cash at $5 per share. Nov. 1 Issued 2,500 shares of preferred stock for cash at $111 per share. Mar. 1 Apr. 1 May 1 Aug 1 1
Post to the stockholders' equity accounts. (Post entries in the order of journal entries presented in the previous part) Mar. 1 Nov 1 Jan 10 Apr 1 May 1 Aur 1 Seat 1 V Mar. 1 Nov 1 Paid-in Capital Capital Stock Preferred Stock Common Stock Preferred Stock Total Capital Stock Additional Paid-in Capital Common Stock Mar. 1 Total Additional Paid in Capital Nov 1 V v Paid in Capital in Excess of Par-Preferred Stock Apr.1 May 1 Jan 10 V Aug 1 Sept. 1 Paid-in Capital in Excess of Par-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Mar 1 V Nov 1 Prepare the paid-in capital section of stockholders equity at December 31, 2022. (Enter the account name only and do not provide the descriptive information provided in the question) V V Paid in Capital in Exces of Stated Value-Common Stock V V RIVERBED CORPORATION Balance Sheet (Partial) December 31, 2022 405000 169000 40500 655000 430000 68000 525250 1.065.000 59,3250 1.678.250
Transcribed Image Text:Post to the stockholders' equity accounts. (Post entries in the order of journal entries presented in the previous part) Mar. 1 Nov 1 Jan 10 Apr 1 May 1 Aur 1 Seat 1 V Mar. 1 Nov 1 Paid-in Capital Capital Stock Preferred Stock Common Stock Preferred Stock Total Capital Stock Additional Paid-in Capital Common Stock Mar. 1 Total Additional Paid in Capital Nov 1 V v Paid in Capital in Excess of Par-Preferred Stock Apr.1 May 1 Jan 10 V Aug 1 Sept. 1 Paid-in Capital in Excess of Par-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Mar 1 V Nov 1 Prepare the paid-in capital section of stockholders equity at December 31, 2022. (Enter the account name only and do not provide the descriptive information provided in the question) V V Paid in Capital in Exces of Stated Value-Common Stock V V RIVERBED CORPORATION Balance Sheet (Partial) December 31, 2022 405000 169000 40500 655000 430000 68000 525250 1.065.000 59,3250 1.678.250
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 2 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS