The following T-accounts contain keyed entries representing five transactions involving the stockholders' equity of Riverview, Inc.: Paid-in Capital in Excess of Par Land value-Common Stock 33,000 (3) (1) (2) Cash 80,600 35,000 6,080 Date 1 12,800 (4) Preferred Stock, $50 Par 65,000 (1) *800 shares of common stock Paid-in Capital from Treasury Stock 960 (5) Description (3) 93,000 Debit Paid-in capital in Excess of Par value-Preferred Stock 15,600 (1) Required 4 Using this information, give detailed descriptions, including number of shares and price per share when applicable, for each of the five tran General Journal (4) Credit Common Stock, $10 Par 35,000 (2) 60,000 (3) Treasury Stock 12,800 5,120 (5)

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Related questions
Question
-k
Business Course
Ooo States of COMITION STOCK
Date
1
Required
Using this information, give detailed descriptions, including number of shares and price per share when applicable, for each of the five transactions.
General Journal
2
3
5
H
Esc
FnLock
Paid-in-Capital in Excess of Par Value - Preferred Stock
Issued shares of preferred stock at per share.
Common Stock
Issued shares of common stock at par value.
Description
Issued shares of common stock in exchange for land.
Purchased shares of treasury stock for per share.
Treasury Stock - Common
1
Sold shares of treasury stock for per share.
Type here to search
A
N
4
@
2
Return to course
F2
W
S
X
Alt
F3
3
E
D
W
F4
+
수
수
L BI O
4
+
수
÷
$
$
Debit
R
*-
F5
F
$
%
5
Credit
C V
+
F6
T
6
G
m
PP
F7
Y
12
F8
&
7
H
U
F9
Ek
8
J
F10
K
BN M
Suppo
F11
F12
L
Transcribed Image Text:-k Business Course Ooo States of COMITION STOCK Date 1 Required Using this information, give detailed descriptions, including number of shares and price per share when applicable, for each of the five transactions. General Journal 2 3 5 H Esc FnLock Paid-in-Capital in Excess of Par Value - Preferred Stock Issued shares of preferred stock at per share. Common Stock Issued shares of common stock at par value. Description Issued shares of common stock in exchange for land. Purchased shares of treasury stock for per share. Treasury Stock - Common 1 Sold shares of treasury stock for per share. Type here to search A N 4 @ 2 Return to course F2 W S X Alt F3 3 E D W F4 + 수 수 L BI O 4 + 수 ÷ $ $ Debit R *- F5 F $ % 5 Credit C V + F6 T 6 G m PP F7 Y 12 F8 & 7 H U F9 Ek 8 J F10 K BN M Suppo F11 F12 L
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BusinessCourse
Tab
Stockholders' Equity: Transaction Descriptions from Account Data
The following T-accounts contain keyed entries representing five transactions involving the stockholders' equity of Riverview, Inc.:
Paid-in Capital in Excess of Par
Land
value-Common Stock
33,000 (3)
Common Stock, $10 Par
35,000 (2)
60,000 (3)
(1)
(2)
(5) 6,080
Cash
80,600
35,000
4
*800 shares of common stock
Date
1
OsLock
Preferred Stock, $50 Par
65,000 (1)
Esc
FnLock
12,800 (4)
!
Required
4
Using this information, give detailed descriptions, including number of shares and price per share when applicable, for each of the five transac
General Journal
1
Paid-in-Capital in Excess of Par Value - Preferred Stock
Type here to search
(1)
A
F1
Z
Description
Return to course
@
Paid-in Capital from Treasury
Stock
960 (5)
2
A-
F2
F3
#
3
F4
t O
$
Debit
4
W E R
F5
or dº
%
(3) 93,000
5
Paid-in capital in Excess of Par
value-Preferred Stock
15,600 (1)
Credit
☀+
F6
T
6
X CV
E
F7
Y
Bu
F8
&
(4)
7
F9
*
Treasury Stock
12,800* 5,120 (5)
8
F10
(
SD F G H J K
F11
N M
Transcribed Image Text:☐mybusinesscourse.com/platform/mod/quiz/attempt.php?attempt=7676745&cmid=418253&page=4 N Dashboard N Current Student Inf... N This course N Technology Suppor... NIT Services N MyNMU N MyUser SNMU EduCat BusinessCourse Tab Stockholders' Equity: Transaction Descriptions from Account Data The following T-accounts contain keyed entries representing five transactions involving the stockholders' equity of Riverview, Inc.: Paid-in Capital in Excess of Par Land value-Common Stock 33,000 (3) Common Stock, $10 Par 35,000 (2) 60,000 (3) (1) (2) (5) 6,080 Cash 80,600 35,000 4 *800 shares of common stock Date 1 OsLock Preferred Stock, $50 Par 65,000 (1) Esc FnLock 12,800 (4) ! Required 4 Using this information, give detailed descriptions, including number of shares and price per share when applicable, for each of the five transac General Journal 1 Paid-in-Capital in Excess of Par Value - Preferred Stock Type here to search (1) A F1 Z Description Return to course @ Paid-in Capital from Treasury Stock 960 (5) 2 A- F2 F3 # 3 F4 t O $ Debit 4 W E R F5 or dº % (3) 93,000 5 Paid-in capital in Excess of Par value-Preferred Stock 15,600 (1) Credit ☀+ F6 T 6 X CV E F7 Y Bu F8 & (4) 7 F9 * Treasury Stock 12,800* 5,120 (5) 8 F10 ( SD F G H J K F11 N M
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