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At September 30, the end of Beijing Company’s third quarter, the following stockholders’ equity accounts are reported.

Common stock, $10 par value $ 420,000 Paid-in capital in excess of par value, common stock 120,000 Retained earnings 320,000

In the fourth quarter, the following entries related to its equity are recorded: Date General Journal Debit Credit Oct. 2 Retained Earnings 60,000

Common Dividend Payable 60,000 Oct. 25 Common Dividend Payable 60,000

Cash 60,000 Oct. 31 Retained Earnings 67,000

Common Stock Dividend Distributable 32,000 Paid-In Capital in Excess of Par Value, Common Stock 35,000

Nov. 5 Common Stock Dividend Distributable 32,000 Common Stock, $12 Par Value 32,000

Dec. 1 Memo—Change the title of the common stock account to reflect the new par value of $4.

Dec. 31 Income Summary 270,000 Retained Earnings 270,000

Required: 2. Complete the following table showing the equity account balances at each indicated date (include the

balances from September 30). (Leave no cells blank - be certain to enter "0" wherever required.) Oct. 2 Oct. 25 Oct. 31 Nov. 5 Dec. 1 Dec. 31

Common stock Common stock dividend distributable Paid-in capital in excess of par Retained earnings Total equity

Worksheet Difficulty: Hard Learning Objective: 13-P2 Record transactions involving cash dividends, stock dividends, and stock splits.

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eBook & ResourcesReferences

Chapter 13 Corporations http://ezto.mheducation.com/hm.tpx

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