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Corporate Reporting and Analysis Problems Assignment Seved At September 30, the end of Beijing Company's third quarter, the following stockholders' equity accounts are reported. Common
Corporate Reporting and Analysis Problems Assignment Seved At September 30, the end of Beijing Company's third quarter, the following stockholders' equity accounts are reported. Common stock, $12 par value Paid-in capital in excess of par value, common stock Retained earnings $ 360,000 110,000 340,000 In the fourth quarter, the following entries related to its equity are recorded. Date: October 2 General Journal Retained Earnings Debit 70,000 Credit Common Dividend Payable 70,000 October 25 Common Dividend Payable 70,000 Cash 70,000 October 31 Retained Earnings 75,000 Common Stock Dividend Distributable. 36,000 Paid-In Capital in Excess of Par Value, Common Stock 39,000 November S Common Stock Dividend Distributable 36,000 Common Stock, $12 Par Value 36,000 December 1 December 31 Meso-Change the title of the common stock account to reflect the new par value of $4. Income Summary Retained Earnings 270,000 270,000 Required: 2. Complete the following table showing the equity account balances at each indicated date. September 30 Beginning October 2 October 25 October 31 November 5 December 1 December 31 Balance Common stock $ 300.000 Common stock dividend distributable Paid-in capital in excess of par, common stock $ 110.000 Retained eamings $ 340,000 Total equity $ 810,000 $ 0 $ 05 0 $
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