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Riverbed Corporations post-closing trial balance at December 31, 2017, is shown as follows. RIVERBED CORPORATION POST-CLOSING TRIAL BALANCE DECEMBER 31, 2017 Dr. Cr. Accounts payable

Riverbed Corporations post-closing trial balance at December 31, 2017, is shown as follows.

RIVERBED CORPORATION POST-CLOSING TRIAL BALANCE DECEMBER 31, 2017

Dr.

Cr.

Accounts payable $ 215,200
Accounts receivable $ 483,000
Accumulated depreciationbuildings 181,000
Additional paid-in capital in excess
of parcommon 1,235,000
From treasury stock 163,000
Allowance for doubtful accounts 27,000
Bonds payable 322,000
Buildings 1,328,000
Cash 208,000
Common stock ($1 par) 192,000
Dividends payable (preferred stockcash) 3,800
Inventory 582,000
Land 390,000
Preferred stock ($50 par) 550,000
Prepaid expenses 44,000
Retained earnings 315,000
Treasury stock (common at cost) 169,000
Totals $3,204,000 $3,204,000

At December 31, 2017, Riverbed had the following number of common and preferred shares.

Common

Preferred

Authorized 576,000 66,000
Issued 192,000 11,000
Outstanding 186,000 11,000

The dividends on preferred stock are $4 cumulative. In addition, the preferred stock has a preference in liquidation of $50 per share. Prepare the stockholders equity section of Riverbeds balance sheet at December 31, 2017. (Enter account name only and do not provide descriptive information.)

RIVERBED CORPORATION Stockholders Equity

$

AddLess

:

$

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