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Question: at september 30 the end of beijing companys third quarter...

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At September 30, the end of Beijing Company’s third quarter, the following stockholders’ equity accounts are reported.

Common stock, $10 par value $ 420,000
Paid-in capital in excess of par value, common stock 100,000
Retained earnings 360,000


In the fourth quarter, the following entries related to its equity are recorded:

Date General Journal Debit Credit
Oct. 2 Retained Earnings 70,000
Common Dividend Payable 70,000
Oct. 25 Common Dividend Payable 70,000
Cash 70,000
Oct. 31 Retained Earnings 83,000
Common Stock Dividend Distributable 40,000
Paid-In Capital in Excess of Par Value, Common Stock 43,000
Nov. 5 Common Stock Dividend Distributable 40,000
Common Stock, $10 Par Value 40,000
Dec. 1 Memo—Change the title of the common stock
account to reflect the new par value of $4.
Dec. 31 Income Summary 250,000
Retained Earnings 250,000


Required:

2. Complete the following table showing the equity account balances at each indicated date.

Oct. 2 Oct. 25 Oct. 31 Nov. 5 Dec. 1 Dec.31
Common stock
Common stock dividend distributable
Paid-in capital in excess of par, Common stock
Retained earnings
Total equity $0 $0 $0 $0 $0 $0
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