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Prepare the stockholders equity section as of april

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Problem - Riverbed Company had the following stockholders equity as of January 1, 2017.

Common stock, $5 par value, 20,200 shares issued $101,000

Paid-in capital in excess of par-common stock 303 000

Retained earnings 319,000  

Total stockholders' equity $723,000

During 2017, the following transactions occurred.

Feb. 1 Riverbed repurchased 2,060 shares of treasury stock at a price of $18 per share.

Mar. 1 720 shares of treasury stock repurchased above were reissued at $16 per share.

Mar. 18 490 shares of treasury stock repurchased above were reissued at $15 per share.

Apr. 22 650 shares of treasury stock repurchased above were reissued at $20 per share.

A) Prepare the stockholders' equity section as of April 30, 2017. Net income for the first 4 months of 2017 was $137,100.

Reference no: EM131632595

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