Riverbed Inc. issues 500 shares of $10 par value common stock and 100 shares of $100 par value preferred stock for a lump sume $112,000. (a) Prepare the journal entry for the issuance when the market price of the common shares is $168 each and market price of the preferred is $210 each. (b) Prepare the journal entry for the issuance when only the market price of the common stock is known and it is $194 per share. (Round answers to 0 decimal places, eg. $1,225. Credit account tities 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 O for the amounts) No. Account Titles and Explanation Debit Credit (a)

Riverbed Inc. issues 500 shares of $10 par value common stock and 100 shares of $100 par value preferred stock for a lump sume $112,000. (a) Prepare the journal entry for the issuance when the market price of the common shares is $168 each and market price of the preferred is $210 each. (b) Prepare the journal entry for the issuance when only the market price of the common stock is known and it is $194 per share. (Round answers to 0 decimal places, eg. $1,225. Credit account tities 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 O for the amounts) No. Account Titles and Explanation Debit Credit (a)

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter16: Retained Earnings And Earnings Per Share

Section: Chapter Questions

Problem 20P: Winona Company began 2019 with 10,000 shares of 10 par common stock and 2,000 shares of 9.4%, 100...

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