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PLEASE FILL IN THE RED BOXES Riverbed Corp. is authorized to issue both preferred and common stock. The par value of the preferred is $50.
PLEASE FILL IN THE RED BOXES
Riverbed Corp. is authorized to issue both preferred and common stock. The par value of the preferred is $50. During the first year of operations, the company had the following events and transactions pertaining to its preferred stock. Feb. 1 Issued 50,000 shares for cash at $53 per share. Issued 66,000 shares for cash at $56 per share. July 1 Date Account Titles and Explanation Debit Credit Feb. 1 cash 2650000 Preferred Stock Paid-in Capital in Excess of Par Value-Preferred Stock July 1 A Cash 3696000 Preferred Stock Paid-in Capital in Excess of Par Value-Preferred Stock Preferred Stock 2/14 7/1 A > Bal. Paid-in Capital in Excess of Par Value-Preferred Stock 2/1 A 4 7/1 A. Bal. A
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