At September 30, the end of Beijing Company's third quarter, the following stockholders' equity accounts are reported.
Common stock, $12 par value . . . . . . . . . . . . . . . . . . . . . . . . . . . $360,000
Paid-in capital in excess of par value, common stock . .... . . . . . . . 90,000
Retained earnings . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . 320,000
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 September 30).

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Octt. 2 Retained Earnings 60,000 Common Dividend Payable . Common Dividend Payable . Cash .. 60,000 Oct. 25 60,000 60,000 Oct. 31 75,000 Retained Earnings Common Stock Dividend Distributable 36,000 Paid-In Capital in Excess of Par Value, Common Stock . 39,000 36,000 Nov. 5 Common Stock Dividend Distributable Common Stock, $12 Par Value 36,000 Dec. I Memo-Change the title of the common stock account to reflect the new par value of $4. Income Summary 210,000 Dec. 31 Retained Earnings 210,000