2) purchase of common stock for cash

3) purchase of common treasury stock for cash.

Riverbed Corp has been authorized to issue 20,300 shares of $100 par value, 6%, noncumulative preferred stock and 1,130,000 shares of no-par common stock. The corporation assigned a $5 stated value to the common stock. At December 31, 2025, the ledger contained the following balances pertaining to stockholders' equity. The preferred stock was issued for $174,300 cash. All common stock issued was for cash. In November 4,300 shares of common stock were purchased for the treasury at a per share cost of $10. No dividends were declared in 2025. (a) Prepare the journal entries for the following. (Credit account titles are automatically indented when 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. List all debit entries before credit entries.) (1) Issuance of preferred stock for cash