Chapter 11 Homework i 17 At September 30, the end of Beijing Company's third quarter, the following stockholders' equity accounts are reported. points Common stock, $12 par value Paid-in capital in excess of par value, common stock Retained earnings $ 300,000 120,000 300,000 In the fourth quarter, the following entries related to its equity are recorded. eBook Credit Date Oct. 2 General Journal Retained Earnings Common Dividend Payable Debit 80,000 80,000 Print Oct. 25 Common Dividend Payable Cash 80,000 80,000 References Oct. 31 83,000 Retained Earnings Common Stock Dividend Distributable Paid-In Capital in Excess of Par Value, Common Stock 40,000 43,000 Nov. 5 Common Stock Dividend Distributable Common Stock, $12 Par Value 40,000 40,000 Dec. 1 Memo-Change the title of the common stock account to reflect the new par value of $4. Dec. 31 210,000 Income Summary Retained Earnings 210,000 Required: 2. Complete the following table showing the equity account balances at each indicated date (take into account the beginning balances from September 30). Oct. 2 Oct. 25 Oct. 31 Nov.5 Dec. 1 Dec.31 Beg. Bal. $ 300,000 Common stock Common stock dividend distributable Paid-in capital in excess of par, Common stock Retained earnings Total equity 120,000 300,000 $ 720,000