Exercise 13-11 The following stockholders\' equity accounts, arranged alphabetic

Question

Exercise 13-11 The following stockholders' equity accounts, arranged alphabetically, are in the ledger of Riverbed Corporation at December 31, 2020. Common Stock ($6 stated value) Paid-in Capital in Excess of Par-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Preferred Stock (896, $100 par) Retained Earnings Treasury Stock (10,000 common shares) $2,028,000 280,000 851,000 550,000 1,170,000 120,000 Prepare the stockholders' equity section of the balance sheet at December 31, 2020. (Enter the account name only and do not provide the descriptive information provided in the question.) RIVERBED CORPORATION Partial Balance Sheet 3

Explanation / Answer

RIVERBED CORPORATION Partial Balance Sheet Decemeber 31 2020 Stockholder Equity Paid in Capital Capital Stock 8% Preffered Stock $100 par value noncumulative,5500 share issued 550000 common stock no par $6 stated value share issued and 338000 Shares outstanding 2028000 Total Capital Stock 2578000 Additional Paid in capital in excess of par Preferred stock 280000 In excess of stated value common stock no par $5 851000 Total additional paid in capital 1131000 Total Paid in capital 3709000 Retained Earning 1170000 Total Paid in capital and retained Earnings 4879000 Less Treasury stock -120000 Total Stockholder Equity 4759000

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