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Riverbed Company's balance sheet shows: Common stock, $20 par $2,800,000 Paid-in capital in excess of par 1,000,000 Retained earnings 700,000 Record the following transactions by
Riverbed Company's balance sheet shows:
Common stock, $20 par | $2,800,000 | |
Paid-in capital in excess of par | 1,000,000 | |
Retained earnings | 700,000 |
Record the following transactions by the cost method. (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 0 for the amounts.)
(a) | Bought 7,900 shares of its common stock at $29 a share. | |
(b) | Sold 4,000 treasury shares at $30 a share. | |
(c) | Sold 2,200 shares of treasury stock at $26 a share. |
No. | Account Titles and Explanation | Debit | Credit |
(a) | |||
(b) | |||
(c) | |||
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