Question
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
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AddLess : | |||
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