At September 30, the end of Beijing Companys third quarter, the following stockholders equity accounts are reported. Common stock, $14 par value $ 420,000 Paid-in capital in excess of par value, common stock 120,000 Retained earnings 400,000 In the fourth quarter, the following entries related to its equity are recorded. Date General Journal Debit Credit Oct. 2 Retained Earnings 40,000 Common Dividend Payable 40,000 Oct. 25 Common Dividend Payable 40,000 Cash 40,000 Oct. 31 Retained Earnings 79,000 Common Stock Dividend Distributable 38,000 Paid-In Capital in Excess of Par Value, Common Stock 41,000 Nov. 5 Common Stock Dividend Distributable 38,000 Common Stock, $14 Par Value 38,000 Dec. 1 MemoChange the title of the common stock account to reflect the new par value of $4. Dec. 31 Income Summary 270,000 Retained Earnings 270,000 Required: 2. Complete the following table showing the equity account balances at each indicated date.

Common stock, $14 par value Paid-in capital in excess of par value, common stock Retained earnings $420,000 120,000 400,000 In the fourth quarter, the following entries related to its equity are recorded. Credit Date Oct. 2 General Journal Retained Earnings Common Dividend Payable Debit 40,000 40,000 Oct. 25 40,000 Common Dividend Payable Cash 40,000 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, $14 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 Income Summary Retained Earnings 270,000 270,000 Required: 2. Complete the following table showing the equity account balances at each indicated date. Dec. 1 Sep. 30 Beg. Bal. $ 420,000 Oct. 2 $ 420,000 Oct. 25 $ 420,000 0 120,000 Oct. 31 $ 420,000 38,000 120,000 Nov. 5 $ 458,000 Dec.31 $ 458,000 Common stock Common stock dividend distributable Paid-in capital in excess of par, common stock Retained earnings Total equity 9.000 $ 120,000 120,000 400,000 940,000 $540,000 $ 540,000 $ 578,000 $ 458,000 $ 0 $ 458,000