Accounts Receivable Cash Common Stock Equipment Income Summary Inventory Land Organization Expense Paid-in Capital from Treasury Stock Paid-in Capital in Excess of Par-Common Stock Paid-in Capital in Excess of Par-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Patents Preferred Stock Retained Earnings Share Capital-Ordinary Share Capital-Preference Share Premium-Ordinary Share Premium-Preference Treasury Stock

Riverbed Corporation has been authorized to issue 20,500 shares of $100 par value, 10%, preferred stock and 1,041,300 shares of no-par common stock. The corporation assigned a $2.60 stated value to the common stock. At December 31, 2020, the ledger contained the following balances pertaining to stockholders' equity. Preferred Stock Paid-in Capital in Excess of Par-Preferred Stock Common Stock Paid-in Capital in Excess of Stated Value-Common Stock 1,361,700 Treasury Stock (980 common shares) Paid-in Capital from Treasury Stock Retained Earnings Accumulated Other Comprehensive Income $105,000 38,500 1,041,300 11,760 1,470 80,500 51,000 The preferred stock was issued for land having a fair value of $143,500. All common stock issued was for cash. In November, 1,470 shares of common stock were purchased for the treasury at a per share cost of $12. In December, 490 shares of treasury stock were sold for $15 per share. No dividends were dedlared in 2020. Prepare the journal entries for the: (Credit account titles are automatically indented when amount is entered. Do not indent manually.) (1) Issuance of preferred stock for land. (2) Issuance of common stock for cash (3) Purchase of common treasury stock for cash. (4) Sale of treasury stock for cash Prepare the journal entries for the: (Credit account titles are automatically indented when amount is entered. Do not indent manually.) (1) Issuance of preferred stock for land. (2) Issuance of common stock for cash (3) Purchase of common treasury stock for cash. (4) Sale of treasury stock for cash. No. Account Titles and Explanation Debit Credit 1. 2. 3. 4