#2 At September 30, the end of Beijing Company\'s third quarter, the following s

ID: 2533864 • Letter: #

Question

At September 30, the end of Beijing Company's third quarter, the following stockholders' equity accounts are reported. 6.67 points Common stock, $14 par value Paid-in capital in excess of par value, common stock Retained earnings 420,000 1ee,800 329,800 eBook In the fourth quarter, the following entries related to its equity are recorded Ask Debit Credit Date General Journal 80,00 Be,000 Oct. 2 Retained Earnings 88,000 Common Dividend Payable References 80,000 30,000 Oct. 25 Common Dividend Payable Cash 75,000 36,0 Oct. 31 Retained Earnings Common Stock Dividend Distributable Paid-In Capital in Excess of Par Value, Common Stock 39,000 36,888 Common Stock Dividend Distributable 36,000 Nov. 5 Common Stock, $14 Par Value Dec. 1 Memo-Change the title of the common stock account to reflect the new par value of $4. 280,000 28e,000 Dec. 31 Income Su?ary Retained Earnings Required: 2. Complete the following table showing the equity account balances at each indicated date. Next >

Explanation / Answer

date

2-Oct

25-Oct

31-Oct

5-Nov

1-Dec

31-Dec

common stock

420000

456000

492000

common stock dividend distributable

80000

36000

paid in capital in excess of par-common stock

100000

139000

retained earning

240000

165000

445000

total equity

840000

760000

796000

1076000