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Exercise 13-03 a-b During its first year of operations, Riverbed Corporation had the following transactions pertaining to its common stock. Jan. 10 Issued 69,000 shares
Exercise 13-03 a-b During its first year of operations, Riverbed Corporation had the following transactions pertaining to its common stock. Jan. 10 Issued 69,000 shares for cash at $6 per share. July 1 Issued 40,000 shares for cash at $8 per share. Your answer is partially correct. Try again. Journalize the transactions, assuming that the common stock has a par value of $6 per share. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 10 Cash 4140001 Common Stock 414000 July 1 Cash 3200001 X Paid-in Capital in Excess of Stated Value-Common 80000 Common Stock 2400001 SHOW LIST OF ACCOUNTS * Your answer is incorrect. Try again. Journalize the transactions, assuming that the common stock is no-par with a stated value of $1 per share. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 10 vCash X X July 1 x X x Click if you would like to Show Work for this question: Open Show Work
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