17 View Policies Current Attempt in Progress Riverbed Corporation, a private corporation, was organized on February 1, 2020 It is authorized to issue 100,000 $6 noncumulative preferred shares, and an unlimited number of common shares The following transactions were completed during the first year Feb 10 Mar 1 Apr 1 June 20 Issued 78,000 common shares at $4 50 per share Issued 4,500 preferred shares at $120 per share Issued 21 900 common shares for land The land's asking price was $110 550 and its appraised value was $98,550 Issued 80,000 common shares at $5 50 per share Issued 11,400 common shares to lawyers to pay for their bill of $62,700 for services they performed in helping the com Issued 11,600 common shares at $4 00 per share Issued 1,000 preferred shares at $115 per share July 7 Sept 1 Nov 1 (a) Journalize the transactions (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 for the amounts Record journal entries in the order presented in the problem ) Date Account Titles and Explanation Debit Credit (To record issuance of shares ) (To record issuance of shares ) A G 1 7 17 III To recordesuance of share (To record issuance of shares ) (To record issuance of shares ) (To record issuance of shares ) 5C O Question 13 of 16

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17 View Policies Current Attempt in Progress Riverbed Corporation, a private corporation, was organized on February 1, 2020  It is authorized to issue 100,000 $6 noncumulative preferred shares, and an unlimited number of common shares  The following transactions were completed during the first year  Feb  10 Mar  1 Apr  1 June 20 Issued 78,000 common shares at $4 50 per share  Issued 4,500 preferred shares at $120 per share  Issued 21 900 common shares for land  The land's asking price was $110 550 and its appraised value was $98,550  Issued 80,000 common shares at $5 50 per share  Issued 11,400 common shares to lawyers to pay for their bill of $62,700 for services they performed in helping the com Issued 11,600 common shares at $4 00 per share  Issued 1,000 preferred shares at $115 per share  July 7 Sept  1 Nov  1 (a) Journalize the transactions  (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 for the amounts  Record journal entries in the order presented in the problem ) Date Account Titles and Explanation Debit Credit (To record issuance of shares ) (To record issuance of shares ) A   G 1  7 17 III  To recordesuance of share (To record issuance of shares ) (To record issuance of shares ) (To record issuance of shares ) 5C O      Question 13 of 16

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- / 17 View Policies Current Attempt in Progress Riverbed Corporation, a private corporation, was organized on February 1, 2020. It is authorized to issue

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