At September 30 The End Of Beijing Company S Third Quarter The Following Stockholders Equity Accounts Are Reported C 1 (42.19 KiB) Viewed 25 times
At September 30 The End Of Beijing Company S Third Quarter The Following Stockholders Equity Accounts Are Reported C 2 (43.55 KiB) Viewed 25 times
At September 30, the end of Beijing Company's third quarter, the following stockholders' equity accounts are reported. Common stock, $14 par value $ 360,000 Paid-in capital in excess of par value, common stock 120,000 Retained earnings 400,000 In the fourth quarter, the following entries related to its equity are recorded Date October 2 Credit Debit 60,000 60,000 October 25 60,000 60,000 October 31 79,000 General Journal Retained Earnings Common Dividend Payable Common Dividend Payable Cash Retained Earnings Common Stock Dividend Distributable Paid-In Capital in Excess of Par Value, Common Stock Common Stock Dividend Distributable Common Stock, $14 Par Value Memo-Change the title of the common stock account to reflect the new par value of $4. Income Summary Retained Earnings 38,000 41,000 38,000 November 5 38,000 December 1 230,000 December 31 230,000
Check my w October 31 000 29.000 November 38 M Cash Betalne arnings Con Stock Dividend Distributable Pald-In Capital in excess of Par Value, Common Stock Common Stock Dividend Distributable Con Stock. $14 Par Value Merchange the title of the common stock account to reflect the new par value of $4. Income Summary Retained Earnings 38.000 Decembe 1 30,000 December 31 2.00 20. Required: 2. Complete the following table showing the equity account balances at each indicated date: Octobor 2 Octob25 October November December 1 December 31 September 30 Beginning Balance $ 360,000 Common stock Common stock dividend distributable Paid in capital in excess of par common stock Retained earios Total equily $ $ $ 120.000 400.000 880 000 $ Os 0 $ 0$ 0 0
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