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How do i complete this question? At September 30, the end of Beijing Company's third quarter, the following stockholders' equity accounts are reported. Common stock,
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At September 30, the end of Beijing Company's third quarter, the following stockholders' equity accounts are reported. Common stock, $10 par value Paid-in capital in excess of par value, common stock Retained earnings $360,000 120,000 340,000 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 50,000 50,000 Oct. 25 50,000 Common Dividend Payable Cash 50,000 Oct. 31 67,000 Retained Earnings Common Stock Dividend Distributable Paid-In Capital in Excess of Par Value, Common Stock 32,000 35,000 Nov. 5 32,000 Common Stock Dividend Distributable Common Stock, $10 Par Value 32,000 Dec. 1 Memo-Change the title of the common stock account to reflect the new par value of $4. Dec. 31 260,000 Income Summary Retained Earnings 260,000 Required: 2. Complete the following table showing the equity account balances at each indicated date. Answer is not complete. Oct. 2 Oct. 25 Oct. 31 Nov. 5 Dec. 1 Dec.31 Sep. 30 Beg. Bal. 360,000 $ 360,000 $ 36,000 X Common stock Common stock dividend distributable Paid-in capital in excess of par, common stock Retained earnings $ 120,000 340,000 820,000 120,000 340,000 X $20,000 12,000 340,000 X 388,000 Total equity $ $ $ $ $ 0Step by Step Solution
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