Problem 11-3A Equity analysis-journal entries and account balances LO P2 At September 30, the end of Beijing Company's third quarter, the following stoc holders' equity accounts are reported. Common stock, $10 par value Paid-in capital in excess of par value, common stock Retained earnings $ 420,000 120,000 380,000 In the font the fourth quarter, the following entries related to its equity are recorded: Date Oct. 2 General Journal Retained Earnings Common Dividend Payable Pebit 9,000 Credit 60,000 Oct. 25 Common Dividend Payable Cash 60,000 60,000 Oct. 31 87,eee Retained Earnings Common Stock Dividend Distributable Paid-In Capital in Excess of Par Value, Common Stock 42,009 45,000 Nov 5 42,eee Common Stock Dividend Distributable Common Stock, $10 Par Value 42,080 Dec 1 Memo-Change the title of the common stock account to reflect the new par value of $4. Dec. 31 300,000 Income Summary Retained Earnings 300,000 quired: My Drive 10 X Answer is complete but not entirely correct. Oct. 25 Oct. 2 0 X 0 O $ Oct. 31 Nov.5 Dec. 1 Dec 31 0X $ 42,000 X $ 0X $ 0X 42,000 42.000 0 0 Common stock Common stock dividend distributable Paid-in capital in excess of par, Common stock Retained earnings 0 X 45,000 $ 0 0 0 X (60,000) 0 (87.000) 0 % 03 300,000 Total equity $ 0 $ 0 $ 84,000 $ 0 $ 300,000 (60,000)