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Tools for Die Riverbed Corp has been authorized to issue 20,300 shares of $100 par value, 6%, noncumulative preferred stock and 1,130,000 shares of no-par

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Tools for Die Riverbed Corp has been authorized to issue 20,300 shares of $100 par value, 6%, noncumulative preferred stock and 1,130,000 shares of no-par common stock. The corporation assigned a $5 stated value to the common stock. At December 31, 2022, the ledger contained the following balances pertaining to stockholders' equity. Preferred Stock $153,000 Paid-in Capital in Excess of Par Value-Preferred Stock 21,300 Common Stock 1,975,000 Paid-in Capital in Excess of Stated Value - Common Stock 1,540,000 Treasury Stock (4,080 common shares) 40,800 Retained Earnings 82,100 Accumulated Other Comprehensive Income 49,300 The preferred stock was issued for $174,300 cash. All common stock issued was for cash. In November 4,080 shares of common stock were purchased for the treasury at a pers cost of $10. No dividends were declared in 2022. (a) Your answer is correct. Prepare the journal entries for the following. (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.) jesus portadt E REST.. Free downloadabl... Home No. Account Titles and Explanation Debit Credit 1. Cash 174,300 Preferred Stock 153,000 Paid-in Capital in Excess of Par Value-Preferred Stock 21,300 2. Cash 3515000 Common Stock 1,975,000 Paid-in Capital in Excess of Stated Value-Common Stock 1,540,000 3. Treasury Stock 40.800 40.800 Cash e Textbook and Media Iict of Arenunte Prepare the stockholders' equity section of the balance sheet at December 31, 2022. RIVERBED CORP Partial Balance Sheet December 31, 2022 Stockholders' Equity Paid-in Capital Capital Stock Common Stock 1,975.000 Preferred Stock 153,000 Total Capital Stock $ 2128000 Additional Paid-in Capital Paid-in Capital in Excess of Stated Value-Common Stock 1,540,000 21,300 Paid-in Capital in Excess of Par Value-Preferred Stock Total Capital STOCK 2126000 Additional Paid-in Capital Paid-in Capital in Excess of Stated Value-Common Stock 1,540,000 Paid-in Capital in Excess of Par Value-Preferred Stock 21,300 1561300 Total Additional Paid-in Capital 3689300 Paid-in Capital Accumulated Other Comprehensive Income Total Paid-in Capital and Retained Earnings Treasury Stock 40.800 Less : Treasury Stock $ Total Stockholders' Equity Texthook and Media

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