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 completedduring 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 landwas $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 inhelping 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. 1Apr.1May 1Aug11 Post to the stockholders' equity accounts. (Post entries in the order of journal entries presented in the previous part)Mar. 1Nov 1Jan 10Apr 1May 1Aur 1Seat 1 VMar. 1Nov 1Paid-in CapitalCapital StockPreferred StockCommon StockPreferred StockTotal Capital StockAdditional Paid-in CapitalCommon StockMar. 1Total Additional Paid in CapitalNov 1VvPaid in Capital in Excess of Par-Preferred StockApr.1May 1Jan 10 VAug 1Sept. 1Paid-in Capital in Excess of Par-Preferred StockPaid-in Capital in Excess of Stated Value-Common StockMar 1VNov 1Prepare the paid-in capital section of stockholders equity at December 31, 2022. (Enter the account name only and do not providethe descriptive information provided in the question)VVPaid in Capital in Exces of Stated Value-Common StockVVRIVERBED CORPORATIONBalance Sheet (Partial)December 31, 202240500016900040500655000430000680005252501.065.00059,32501.678.250

Shareholders Equity is one of the important section of balance sheet of the business. It shows…

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

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

Chapter16: Retained Earnings And Earnings Per Share

Section: Chapter Questions

Problem 5MC: Kent Corporation was organized on January 1, 2014. On that date, it issued 200,000 shares of 10 par...

See similar textbooks

Similar questions

Kent Corporation was organized on January 1, 2014. On that date, it issued 200,000 shares of 10 par value common stock at 15 per share (400,000 shares were authorized). During the period January 1, 2014, through December 31, 2019, Kent reported net income of 750,000 and paid cash dividends of 380,000. On January 5, 2019, Kent purchased 12,000 shares of its common stock at 12 per share. On December 28, 2019, 8,000 treasury shares were sold at 8 per share. Kent used the cost method of accounting for treasury shares. What is Kents total shareholders equity as of December 31, 2019? a. 3,290,000 b. 3,306,000 c. 3,338,000 d. 3,370,000
Wingra Corporation was organized in March. It is authorized to issue 500,000 shares of $100 par value 8% preferred stock. It is also authorized to issue 750,000 shares of $1 par value common stock. In its first year, the corporation has the following transactions: Journalize the transactions.
MacKenzie Mining Corporation is authorized to issue 50,000 shares of $500 par value 7% preferred stock. It is also authorized to issue 5,000,000 shares of $3 par value common stock. In its first year, the corporation has the following transactions: Journalize the transactions.
Spring Company is authorized to issue 500,000 shares of $2 par value common stock. In its first year, the company has the following transactions: Journalize the transactions and calculate how many shares of stock are outstanding at August 3.
Paydirt Limestone, Incorporated was organized several years ago and was authorized to issue 3,000,000 shares of $40 par value 9% preferred stock. It is also authorized to issue 3,750,000 shares of $2 par value common stock. In its fifth year, the corporation has the following transactions: Journalize the transactions.
EllaJane Corporation was organized several years ago and was authorized to issue 4,000,000 shares of $50 par value 6% preferred stock. It is also authorized to issue 1,750,000 shares of $1 par value common stock. In its fifth year, the corporation has the following transactions: Journalize the transactions.
James Incorporated is authorized to issue 5,000,000 shares of $1 par value common stock. In its second year of business, the company has the following transactions: Journalize the transactions.
Ammon Company is authorized to issue 500,000 shares of $5 par value preferred stock. In its first year, the company has the following transaction: Mar. 1, issued 40,000 shares of preferred stock at $20.50 per share. Journalize the transaction.
Autumn Corporation was organized in August. It is authorized to issue 100,000 shares of $100 par value 7% preferred stock. It is also authorized to issue 500,000 shares of $5 par value common stock. During the year, the corporation had the following transactions: Journalize the transactions.
Anslo Fabricating, Inc. is authorized to issue 10,000,000 shares of $5 stated value common stock. During the year, the company has the following transactions: Journalize the transactions.
The following selected accounts appear in the ledger of EJ Construction Inc. at the beginning of the current fiscal year: During the year, the corporation completed a number of transactions affecting the stockholders equity. They are summarized as follows: a. Issued 500,000 shares of common stock at 8, receiving cash. b. Issued 10,000 shares of preferred 1% stock at 60. c. Purchased 50,000 shares of treasury common for 7 per share. d. Sold 20,000 shares of treasury common for 9 per share. e. Sold 5,000 shares of treasury common for 6 per share. f. Declared cash dividends of 0.50 per share on preferred stock and 0.08 per share on common stock. g. Paid the cash dividends. Instructions Journalize the entries to record the transactions. Identify each entry by letter.
Contributed Capital Adams Companys records provide the following information on December 31, 2019: Additional information: 1. Common stock has a 5 par value, 50,000 shares are authorized, 15,000 shares have been issued and are outstanding. 2. Preferred stock has a 100 par value, 3,000 shares are authorized, 800 shares have been issued and are outstanding. Two hundred shares have been subscribed at 120 per share. The stock pays an 8% dividend, is cumulative, and is callable at 130 per share. 3. Bonds payable mature on January 1, 2023. They carry a 12% annual interest rate, payable semiannually. Required: Prepare the Contributed Capital section of the December 31, 2019, balance sheet for Adams. Include appropriate parenthetical notes.