Problem 13-3A

Chapter 13 Accounting for Corporations 567 to record each of these transactions for 2016. rnal entries to of retained carnings for the year ended December 31. 2016 holders equity section of the company's balance sheet as of December 31. 2016. ge I Chack 2) Retained amngs, Dec 31, 206 end of Beijing Company's third quarter, the following stockholders' equity 5504 500 T Problem 13-3A Equity analysis-journal Common stock, $12 par value Paid-in capital in excess of par vakue, commen stock Retained earmings and account 360,000 P2 er, the following entries related to its equity are recorded: Retained Eamings Common Dividend Payable Retained Earnings Oe 2 Common Dividend Payable 60,000 Cash 60,000 Oer 31 5.000 Common Stock Dividend Distributable Paid-In Capital in Excess of Par Value, Common Stock 39.000 Common Stock Dividend Distributable Nex 5 36,000 36,000 Memo- Change the title of the Common Stock Dec. I account to reflect the new par value of $4. Income Summary 210,000 Dec. 31 Retained Earnings 210,000 the transaction(s) underlying each journal entry t Explain 2 Complete the following table showing the equity account balances at each indicated date (include the balances from September 30), Oct. 2 Oct. 25 Oct.31 Nov.S Dec.I Dec.31 Common srock Common stock dividend Paid-in capital in excess of par, common stock Retained earnings Tocal equity Check $710,000; Dec. 31, S Problem 13-4P Analysis of chang stockholders' equ fhe equity sections from Atticus Group's 2015 and 2016 year-end balance sheets follow Stockholders' Equity (December 31,2015) Common stock-$4 par value, 100,000 shares C3 P2 P3 $160,000 authorized, 40,000 shares issued and outstanding.... Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity . . . . ....120,000 320,000 $800,000