list of accounts for journal entries to choose from: Bonds Payable Buildings Cash Common...
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Accounting
list of accounts for journal entries to choose from:
Bonds Payable
Buildings
Cash
Common Stock
Common Stock Dividend Distributable
Debt Investments
Dividends Payable
Discount on Bonds Payable
Equipment
Equity Investments
Income Summary
Land
Legal Fees Expense
No Entry
Organization Expense
Paid-in Capital from Treasury Stock
Paid-in Capital in Excess of Par - Common Stock
Paid-in Capital in Excess of Par - Preferred Stock
Paid-in Capital in Excess of Stated Value - Common Stock
Preferred Stock
Property Dividends Payable
Retained Earnings
Retained Earnings Appropriated for Plant Expansion
Share Capital-Ordinary
Share Capital-Preference
Share Premium-Conversion Equity
Share Premium-Ordinary
Share Premium-Preference
Treasury Stock
Unamortized Bond Issue Costs
Unrealized Holding Gain or Loss - Income
Riverbed Corporation was organized on January 1, 2020. It is authorized to issue 9,200 shares of 8%, $100 par value preferred stock, and 538,600 shares of no-par common stock with a stated value of $1 per share. The following stock transactions were completed during the first year. Issued 80,120 shares of common stock for cash at $6 per share. Issued 5,470 shares of preferred stock for cash at $112 per share. Jan. 10 Mar. 1 Apr. 1 May 1 Issued 24,910 shares of common stock for land. The asking price of the land was $90,180; the fair value of the land was $80,120. Issued 80,120 shares of common stock for cash at $9 per share. Issued 9.200 shares of common stock to attorneys in payment of their bill of $51,900 for services rendered in helping the company organize. Aug 1 Sept. 1 Issued 9,200 shares of common stock for cash at $11 per share. Nov. 1 Issued 1,090 shares of preferred stock for cash at $113 per share. Prepare the journal entries to record the above transactions. (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.) Date Account Titles and Explanation Debit Credit Date Account Titles and Explanation Debit Credit
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