Question: Need help with the balance sheet Problem 11-5A (Part Level Submission) Riverbed Corp has been authorized to issue 20,300 shares of $100 par value, 6%,

 Need help with the balance sheet Problem 11-5A (Part Level Submission)

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

Need help with the balance sheet

Problem 11-5A (Part Level Submission) 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, 2017, 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 (4,300 common shares) Retained Earnings 43,000 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 4,300 shares of common stock were purchased for the treasury at a per share cost of $10. No dividends were declared in 2017. (a) Your answer is partially correct. Try again. 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 0 for the amounts.) Issuance of preferred stock for cash. (1) (2) Issuance of common stock for cash. (3) Purchase of common treasury stock for cash. No. Account Titles and Explanation Credit Debit 174,300 Cash 1. 153,000 Preferred Stock Paid-in Capital in Excess of Par Value-Preferred SI 21300 2. 3515000 Cash Common Stock 1975000 Paid-in Capital in Excess of Par Value-Common St 154000 43000 3. Treasury Stock 43000 Cash Click if you would like to Show Work for this question: Open Show Work Prepare the stockholders' equity section of the balance sheet at December 31, 2017. RIVERBED CORP Partial Balance Sheet December 31, 2017 Paid-in Capital Capital Stock Paid-in Capital Common Stock Paid-in Capital in Excess of Par Value-Common Stock Paid-in Capital in Excess of Par Value-Common Stock Total Paid-in Capital 00 00 Retained Earnings Less Treasury Stock Total Stockholders' Equity Open Show Work Click if you would like to Show Work for this question: Attempts: 1 of 3 used SUBMIT ANSWER SAVE FOR LATER D00

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