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Exercise 15-18 ng amounts in the stockholders' equity section of its December 31, 2016, balance sheet. Preferred stock, 996, $100 par (10,000 shares authorized, 2,200 shares issued) $220,000 92,500 30,000 447,000 $889,500 Common stock, $5 par (92,500 shares authorized, 18,500 shares issued) Additional paid-in capital Retained earnings Total During 2017, Riverbed took part in the following transactions concerning stockholders' equity. 1. Paid the annual 2016 $9 per share dividend on preferred stock and a $2 per share dividend on common stock. These dividends had been declared on December 31, 2016 2. Purchased 1,800 shares of its own outstanding common stock for $38 per share. Riverbed uses the cost method. 3. Reissued 600 treasury shares for land valued at $29,500. 4. Issued 500 shares of preferred stock at $106 per share. 5. Declared a 10% stock dividend on the outstanding common stock when the stock is selling for $41 per share. 6. Issued the stock dividend. 7. Declared the annual 2017 $9 per share dividend on preferred stock and the $2 per share dividend on dividends are payable in 2018 Your answer is partially correct. Try again. Prepare journal entries to record the transactions described above. (Credit ac amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter 0 for the omounts.) pe here to search

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