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

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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Common stock, $12 par value $360,000 Paid-in capital in excess of par value, common stock Retained earnings 90,000 320,000