On January 1, Riverbed Corp had 62,300 shares of no-par common stock issued and outstanding. The stock has a stated value of $4 per share. During the year, the following transactions occurred. Apr. 1 Issued 15,300 additional shares of common stock for $13 per share. June 15 July Dec. 10 (a) 1 Dec. 15 Declared a cash dividend of $1.50 per share to stockholders of record on June 30. Paid the $1.50 cash dividend. Issued 6,800 additional shares of common stock for $11 per share. Declared a cash dividend on outstanding shares of $1.70 per share to stockholders of record on December 31. Prepare a tabular summary to record the three dates that involved dividends. Include margin explanations for the changes in revenues and expenses. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. Round answers to 0 decimal places, eg. 5,276.) Assets Cash Liabilities Dividend R able Paid-in-Capital
On January 1, Riverbed Corp had 62,300 shares of no-par common stock issued and outstanding. The stock has a stated value of $4 per share. During the year, the following transactions occurred. Apr. 1 Issued 15,300 additional shares of common stock for $13 per share. June 15 July Dec. 10 (a) 1 Dec. 15 Declared a cash dividend of $1.50 per share to stockholders of record on June 30. Paid the $1.50 cash dividend. Issued 6,800 additional shares of common stock for $11 per share. Declared a cash dividend on outstanding shares of $1.70 per share to stockholders of record on December 31. Prepare a tabular summary to record the three dates that involved dividends. Include margin explanations for the changes in revenues and expenses. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. Round answers to 0 decimal places, eg. 5,276.) Assets Cash Liabilities Dividend R able Paid-in-Capital
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter21: Corporations: Taxes, Earnings, Distributions, And The Statement Of Retained Earnings
Section: Chapter Questions
Problem 11SPA
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