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How do I complete the table? Common stock, $10 par value Paid-in capital in excess of par value, common stock Retained earnings $ 390,00 89,990
How do I complete the table?
Common stock, $10 par value Paid-in capital in excess of par value, common stock Retained earnings $ 390,00 89,990 360,000 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 69,900 60, ese Oct. 25 60,990 Common Dividend Payable Cash 60,990 Oct. 31 83,000 Retained Earnings Common Stock Dividend Distributable Paid-In Capital in Excess of Par Value, Common Stock 40,000 43,eee Nov. 5 40,000 Common Stock Dividend Distributable Common Stock, $10 Par Value 40,000 Dec. 1 Memo-Change the title of the common stock account to reflect the new par value of $4. Dec. 31 220,000 Income Summary Retained Earnings 220,000 Oct. 2 Oct. 25 Oct. 31 Nov. 5 Dec 1 Dec 31 Sep. 30 Beg. Bal. $ 300,000 $ 300,000 $ 300,000 Common stock Common stock dividend distributable Paid-in capital in excess of par, common stock Retained earnings Total equity $ 80,000 360 000 $ $ 740,000 $ 300,000 $ 300,000 $ 0 $ 0 $ 0 $Step by Step Solution
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