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NO EXPLANATION NEEDED, please, just solve everything, would be greatly appreciated (thumbs up)! :) Problem 13-3A Equity analysis-journal entries and account balances LO P2 At
NO EXPLANATION NEEDED, please, just solve everything, would be greatly appreciated (thumbs up)! :)
Problem 13-3A Equity analysis-journal entries and account balances LO P2 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 $ 480,000 80,000 320,000 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 60,000 60,000 Oct. 25 Common Dividend Payable Cash 60,000 60,000 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 Common Stock Dividend Distributable Common Stock, $10 Par Value 32,000 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. Sep. 30 Beg. Bal. 480,000 Oct. 2 Oct. 25 Oct. 31 Nov. 5 D ec. 1 Dec.31 Common stock Common stock dividend distributable Paid-in capital in excess of par, common stock Retained earnings Total equity $ $ $ 80,000 320,000 880,000 $ 0 $ 0 % 0 % 0 % 0 % 0Step by Step Solution
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