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Question: problem 1302a ac part level submission riverbed corporation had the...

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Problem 13-02A a-c (Part Level Submission) Riverbed Corporation had the following stockholders equity accounts on January 1, 2020: Common Stock ($5 par) $550,000, Paid-in Capital in Excess of Par-Common n)Stock $200,000, and Retained Earnings $120,000. In 2020, the company had the foilowing treasury stock transactions on Mar. 1 Purchased 6,500 shares at $8 per share June 1 Sold 1,500 shares at $13 per share Sept.1 Sold 1,500 shares at $10 per share. Dec. 1 Sold 1,000 shares at $6 per share tudy. Riverbed Corporation uses the cost method of accounting for treasury stock. In 2020, the company reported net income of $29,000. ▼ (a) Your answer is correct. Dournalize the treasury stock transactions, and prepar problem. Credit account tities are automaticaly indented when amount is entered., Do not indent manually,) e the closing entry at December 31, 2020, for net income. (Record journal entries in the order presented in the Date tjebit Credit Cash MacBook Pro
回Your answer is correct. Journalize the treasury stock transactions, and prepare the closing entry at December 31, 2020, for net incor problem. Credit account titles are automatically indented when amount is entered. Do not indent r Date Account Titles and Explanation Debit Credit Mar. 1Treasury Stock 52,000 Cash 52,000 June 1 Cash 19,500 Treasury Stock 12,000 Paid-in Capital from Treasury Stock 15,000 Sept. 1 Cash 15,000 12,000 Treasury Stock Paid-in Capital from Treasury Stock 6,000 Dec. 1 |Cash 2,000 Paid-in Capital from Treasury Stock 8,000 Treasury Stock MacBook Pro
Treasury Stock 29,000 Retained Earnings 29,000 Click if you would like to Show Work for this question: Open Show Work By accessing this Question Assistance, you will learn while you earn points based on the Point Poten Your answer is correct. Open accounts for Paid-in Capital from Treasury Stock, Treasury Stock, and Retained Earnings. (Post e part.) 2,000 I June 1 : Dec. 1 Sept. 1 Bal MacBook Pro
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Prepare the stockholders equity section for Riverbed Corporation at December 31, 2020. (Enter the acco information provided in the question.) RIVERBED CORPORATION Balance Sheet (Partial) December 31, 2020 Stockholders Equity Paid-in Capital Capital Stock Preferred Stock Less MacBook Pro
capital Stock Preferred Stock ess Click if you would like to Show Work for this question: Qpen Show Work
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