:18 At September 30, the end of Beijing Company's third quarter, the following stockholders' equity accounts are reported. Common stock, $14 par value Paid-in capital in excess of par value, common stock Retained earnings $ 360,000 90,000 320,000 In the fourth quarter, the following entries related to its equity are recorded. Date October 2 General Journal Debit Credit Retained Earnings 40,000 Common Dividend Payable 40,000 October 25 Common Dividend Payable 40,000 Cash 40,000 October 31 Retained Earnings 71,000 es Common Stock Dividend Distributable 34,000 November 5 Paid-In Capital in Excess of Par Value, Common Stock Common Stock Dividend Distributable 37,000 34,000 Common Stock, $14 Par Value 34,000 December 1 Memo-Change the title of the common stock account to reflect the new par value of $4. December 31 Income Summary Retained Earnings 290,000 290,000 Required: 2. Complete the following table showing the equity account balances at each indicated date.

Century 21 Accounting General Journal
11th Edition
ISBN:9781337680059
Author:Gilbertson
Publisher:Gilbertson
Chapter16: Financial Statements And Closing Entries For A Corporation
Section16.2: Preparing A Statement Of Stockholders’ Equity
Problem 1OYO
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:18
At September 30, the end of Beijing Company's third quarter, the following stockholders' equity accounts are reported.
Common stock, $14 par value
Paid-in capital in excess of par value, common stock
Retained earnings
$ 360,000
90,000
320,000
In the fourth quarter, the following entries related to its equity are recorded.
Date
October 2
General Journal
Debit
Credit
Retained Earnings
40,000
Common Dividend Payable
40,000
October 25
Common Dividend Payable
40,000
Cash
40,000
October 31
Retained Earnings
71,000
es
Common Stock Dividend Distributable
34,000
November 5
Paid-In Capital in Excess of Par Value, Common Stock
Common Stock Dividend Distributable
37,000
34,000
Common Stock, $14 Par Value
34,000
December 1
Memo-Change the title of the common stock
account to reflect the new par value of $4.
December 31
Income Summary
Retained Earnings
290,000
290,000
Required:
2. Complete the following table showing the equity account balances at each indicated date.
Transcribed Image Text::18 At September 30, the end of Beijing Company's third quarter, the following stockholders' equity accounts are reported. Common stock, $14 par value Paid-in capital in excess of par value, common stock Retained earnings $ 360,000 90,000 320,000 In the fourth quarter, the following entries related to its equity are recorded. Date October 2 General Journal Debit Credit Retained Earnings 40,000 Common Dividend Payable 40,000 October 25 Common Dividend Payable 40,000 Cash 40,000 October 31 Retained Earnings 71,000 es Common Stock Dividend Distributable 34,000 November 5 Paid-In Capital in Excess of Par Value, Common Stock Common Stock Dividend Distributable 37,000 34,000 Common Stock, $14 Par Value 34,000 December 1 Memo-Change the title of the common stock account to reflect the new par value of $4. December 31 Income Summary Retained Earnings 290,000 290,000 Required: 2. Complete the following table showing the equity account balances at each indicated date.
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