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Riverbed Corp was organized on January 1, 2022. It is authorized to issue 20,300 shares of 5%, $52 par value preferred stock and 463,000 shares
Riverbed Corp was organized on January 1, 2022. It is authorized to issue 20,300 shares of 5%, $52 par value preferred stock and 463,000 shares of no-par common stock with a stated value of $3 per share. The following stock transactions were completed during the first year. Jan. 10 Issued 71,500 shares of common stock for cash at $4 per share. Mar. 1 Issued 1,230 shares of preferred stock for cash at $56 per share. May 1 Issued 116,500 shares of common stock for cash at $6 per share. Sept. 1 Issued 5,300 shares of common stock for cash at $4 per share. Nov. 1 Issued 3,300 shares of preferred stock for cash at $54 per share. - Your answer is partially correct. Journalize the transactions. (Record journal entries in the order presented in the problem. 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 for the amounts.) Date Account Titles and Explanation Debit Credit Jan. 10 4 Cash Common Stock Paid-in Capital in Excess of Par Value-Common Stock Mar. 1 & Cash Preferred Stock Paid-in Capital in Excess of Par Value-Preferred Stock | May 1 #1 Land Land Common Stock Paid-in Capital in Excess of Par Value-Common Stock Sept. 1 Cash Common Stock Paid-in Capital in Excess of Par Value-Common Stock Nov. 1 4 Cash Paid-in Capital in Excess of Par Value-Preferred Stock Common Stock Paid-in Capital in Excess of Stated Value-Common Stock Prepare the paid-in capital portion of the stockholders' equity section at December 31, 2022. RIVERBED CORP Partial Balance Sheet
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