At December 31, the end of Intertec Communication€™s third quarter, the following stockholders€™ equity accounts are reported.
Common stock, $10 par value . . . . . . . . . . . . . . . . . . . . . . . . . . . $480,000
Paid-in capital in excess of par value, common stock . . . . . . . . . 192,000
Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 800,000

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

Required
1. Explain the transaction(s) underlying each journal entry.
2. Complete the following table showing the equity account balances at each indicated date (include the balances from December31).

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Jan. 17 Feb.5 Feb. 28 Mar. 14 Mar. 25 Mar. 31 Common stock.. Common stock dividend distributable.. Paid-in capital in excess of par, common stock Retained earnings Total equity