Date October 2 Retained Earnings Common Dividend Payable October 25 Common Dividend Payable General Journal Debit Credit 50,000 50,000 50,000 Cash 50,000 October 31 Retained Earnings 91,000 Common Stock Dividend Distributable 44,000 Paid-In Capital in Excess of Par Value, Common Stock 47,000 November 5 Common Stock Dividend Distributable 44,000 Common Stock, $10 Par Value 44,000 December 1 Memo-Change the title of the common stock account to reflect the new par value of $4. December 31 Income Summary 240,000 Retained Earnings 240,000 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 Balance Common stock $ 300,000 $ 0 $ 0 $ 0 $ 44,000 $ Common stock dividend distributable Paid-in capital in excess of par, common stock $ 80,000 Retained earnings: $ 320,000 Total equity $ 700,000 $ 0 $ 0 $ 0 $ 44,000 $ < Prev 2 of 9 Next >