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Homework: Corporate Reporting and Analysis Problems Assignment i Saved 3 2.08 points At September 30, the end of Beijing Company's third quarter, the following stockholders' equity accounts are reported. Common stock, $12 par value Paid-in capital in excess of par value, common stock Retained earnings $ 420,000 90,000 360,000 In the fourth quarter, the following entries related to its equity are recorded. eBook Date October 2 General Journal Debit Credit Retained Earnings 50,000 Common Dividend Payable 50,000 October 25 Common Dividend Payable 50,000 Cash 50,000 Print October 31 Retained Earnings 91,000 Common Stock Dividend Distributable 44,000 November 5 Paid-In Capital in Excess of Par Value, Common Stock Common Stock Dividend Distributable 47,000 44,000 References Common Stock, $12 Par Value 44,000 December 1 Memo-Change the title of the common stock December 31 account to reflect the new par value of $4. Income Summary 280,000 Retained Earnings 280,000 Required: 2. Complete the following table showing the equity account balances at each indicated date. September 30 Beginning Balance October 2 October 25 October 31 November 5 December 1 December 31 Common stock $ 420,000 $ 420,000 $ 420,000 $ Common stock dividend distributable 0 0 420,000 $ 466,000 $ 46,000 466,000 $ 466,000 0 0 0 Paid-in capital in excess of par, common stock $ 90,000 Retained earnings $ 360,000 Total equity $ EA 870,000 $ 9,000 340,000 769,000 $ 90,000 139,000 139,000 139,000 139,000 340,000 850,000 $ 285,000 285,000 285,000 495,000 890,000 $ 890,000 $ 890,000 $1,100,000

Homework: Corporate Reporting and Analysis Problems Assignment i Saved 3 2.08 points At September 30, the end of Beijing Company's third quarter, the following stockholders' equity accounts are reported. Common stock, $12 par value Paid-in capital in excess of par value, common stock Retained earnings $ 420,000 90,000 360,000 In the fourth quarter, the following entries related to its equity are recorded. eBook Date October 2 General Journal Debit Credit Retained Earnings 50,000 Common Dividend Payable 50,000 October 25 Common Dividend Payable 50,000 Cash 50,000 Print October 31 Retained Earnings 91,000 Common Stock Dividend Distributable 44,000 November 5 Paid-In Capital in Excess of Par Value, Common Stock Common Stock Dividend Distributable 47,000 44,000 References Common Stock, $12 Par Value 44,000 December 1 Memo-Change the title of the common stock December 31 account to reflect the new par value of $4. Income Summary 280,000 Retained Earnings 280,000 Required: 2. Complete the following table showing the equity account balances at each indicated date. September 30 Beginning Balance October 2 October 25 October 31 November 5 December 1 December 31 Common stock $ 420,000 $ 420,000 $ 420,000 $ Common stock dividend distributable 0 0 420,000 $ 466,000 $ 46,000 466,000 $ 466,000 0 0 0 Paid-in capital in excess of par, common stock $ 90,000 Retained earnings $ 360,000 Total equity $ EA 870,000 $ 9,000 340,000 769,000 $ 90,000 139,000 139,000 139,000 139,000 340,000 850,000 $ 285,000 285,000 285,000 495,000 890,000 $ 890,000 $ 890,000 $1,100,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Homework: Corporate Reporting and Analysis Problems Assignment i Saved 3 2.08 points At September 30, the end of Beijing Company's third quarter, the following stockholders' equity accounts are reported. Common stock, $12 par value Paid-in capital in excess of par value, common stock Retained earnings $ 420,000 90,000 360,000 In the fourth quarter, the following entries related to its equity are recorded. eBook Date October 2 General Journal Debit Credit Retained Earnings 50,000 Common Dividend Payable 50,000 October 25 Common Dividend Payable 50,000 Cash 50,000 Print October 31 Retained Earnings 91,000 Common Stock Dividend Distributable 44,000 November 5 Paid-In Capital in Excess of Par Value, Common Stock Common Stock Dividend Distributable 47,000 44,000 References Common Stock, $12 Par Value 44,000 December 1 Memo-Change the title of the common stock December 31 account to reflect the new par value of $4. Income Summary 280,000 Retained Earnings 280,000 Required: 2. Complete the following table showing the equity account balances at each indicated date. September 30 Beginning Balance October 2 October 25 October 31 November 5 December 1 December 31 Common stock $ 420,000 $ 420,000 $ 420,000 $ Common stock dividend distributable 0 0 420,000 $ 466,000 $ 46,000 466,000 $ 466,000 0 0 0 Paid-in capital in excess of par, common stock $ 90,000 Retained earnings $ 360,000 Total equity $ EA 870,000 $ 9,000 340,000 769,000 $ 90,000 139,000 139,000 139,000 139,000 340,000 850,000 $ 285,000 285,000 285,000 495,000 890,000 $ 890,000 $ 890,000 $1,100,000
Transcribed Image Text:Homework: Corporate Reporting and Analysis Problems Assignment i Saved 3 2.08 points At September 30, the end of Beijing Company's third quarter, the following stockholders' equity accounts are reported. Common stock, $12 par value Paid-in capital in excess of par value, common stock Retained earnings $ 420,000 90,000 360,000 In the fourth quarter, the following entries related to its equity are recorded. eBook Date October 2 General Journal Debit Credit Retained Earnings 50,000 Common Dividend Payable 50,000 October 25 Common Dividend Payable 50,000 Cash 50,000 Print October 31 Retained Earnings 91,000 Common Stock Dividend Distributable 44,000 November 5 Paid-In Capital in Excess of Par Value, Common Stock Common Stock Dividend Distributable 47,000 44,000 References Common Stock, $12 Par Value 44,000 December 1 Memo-Change the title of the common stock December 31 account to reflect the new par value of $4. Income Summary 280,000 Retained Earnings 280,000 Required: 2. Complete the following table showing the equity account balances at each indicated date. September 30 Beginning Balance October 2 October 25 October 31 November 5 December 1 December 31 Common stock $ 420,000 $ 420,000 $ 420,000 $ Common stock dividend distributable 0 0 420,000 $ 466,000 $ 46,000 466,000 $ 466,000 0 0 0 Paid-in capital in excess of par, common stock $ 90,000 Retained earnings $ 360,000 Total equity $ EA 870,000 $ 9,000 340,000 769,000 $ 90,000 139,000 139,000 139,000 139,000 340,000 850,000 $ 285,000 285,000 285,000 495,000 890,000 $ 890,000 $ 890,000 $1,100,000
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