Riverbed Corp was organized on January 1, 2025. It is authorized to issue 20,300 shares of 5%, $50 par value preferred stock and 463,000 shares of no-par common stock with a stated value of $3 per share. The following stock transactions were completed during the first year. Jan. 10 Issued 71,500 shares of common stock for cash at $6 per share. Mar. 1 May 1 Issued 11,300 shares of preferred stock for cash at $54 per share. Issued 116,500 shares of common stock for cash at $8 per share. Issued 5,300 shares of common stock for cash at $7 per share. Sept. 1 Nov. 1 Issued 3,300 shares of preferred stock for cash at $57 per share.

On January 1, 2022, the stockholders' equity section of Bridgeport Corporation shows common stock ($4 par value) $1,200,000; paid- in capital in excess of par $1,000,000; and retained earnings $1,240,000. During the year, the following treasury stock transactions occurred. 1 Purchased 50,000 shares for cash at $15 per share. July 1 Sold 11,000 treasury shares for cash at $17 per share. Sept. 1 Sold 9,500 treasury shares for cash at $14 per share. Mar. (a) Journalize the treasury stock transactions. (List all debit entries before credit entries. Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit

Classify the following users of information as: Internal Users, External Trading Partner, External Stakeholder Internal Revenue Service Inventory control manager Board of directors Customers Lending institutions Securities and Exchange Commission Stockholders Chief executive officer Suppliers Bondholders

Comment on the level of detail necessary for operations management, middle management, and stockholders.

Describe the accounting for bonds payable, including bonds issued at face amount, bonds issued at a discount, and bonds issued at a premium? Describe how bonds are reported on the balance sheet? Describe how the times interest earned ratio is used to evaluate a company’s financial condition? Describe the advantages and disadvantages of the corporate form of business ownership? Describe the characteristics of corporate stock, the classes of stock, and the accounting entries for stock issuance? Search entries or author .

Write a short note on Securities and Exchange Commission.

Treasury stock should be reported in the financial statements of a corporation as a(n) Oa. investment Ob. liability Oc. current asset Od. deduction from stockholders' equity

Describe the purpose of the balance sheet and disclosure notes in the financial statement, give examples.

Can I get the income statement, a statement of retained earnings, and a classified balance sheet also?