: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.

: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.

College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)

22nd Edition

ISBN:9781305666160

Author:James A. Heintz, Robert W. Parry

Publisher:James A. Heintz, Robert W. Parry

Chapter24: Analysis Of Financial Statements

Section: Chapter Questions

Problem 10SPA: RATIO ANALYSIS OF COMPARATIVE FINANCIAL STATEMENTS Refer to the financial statements in Problem...

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