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 stockholders' equity accounts are reported Common stock, $12 par value Paid-in capital in excess of par value, common stock 360,000 90,000 320,000 In the fourth quarter, the following entries related to its equity are recorded: Debit 68,800 Oct. 2 Retained Earni Common Dividend Payable 60,000 Oct. 25 Common Dividend Payable 60,000 Cash 60,000 Oct. 31 Retained Earnings 75 Common Stock Dividend Distributable Paid-In Capital in Excess of Par Value, Common Stock 36,008 39,000 Nov. 5Common Stock Dividend Distributable 36,090 Stock, $12 Par Value 36,000 Dec. 1 the title of the common stock account to reflect the new par value of $4 Dec. 31 Income Summary 210,000 210,000