At September 30, the end of Beijing Company's third quarter, the following stockholders equity accou Common stock, $12 par value Paid-in capital in excess of par value, common stock Retained earnings $ 300,000 190,000 320,000 In the fourth quarter, the following entries related to its equity are recorded. Date Oct. 2 Credit General Journal Retained Earnings Common Dividend Payable Debit 70,000 70,000 Oct. 25 Common Dividend Payable Cash 70,000 70,000 79,000 Oct. 31. Retained Earnings Common Stock Dividend Distributable Paid-In Capital in Excess of Par Value, Common Stock 38,000 41,000 Nov. 5 38,000 Common Stock Dividend Distributable Common Stock, $12 Par Value 38,000 Dec. 1 Memo-Change the title of the common stock account to reflect the new par value of $4. Dec. 31 300,000 Income Summary Retained Earnings 300,000 o W arch RU