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

At September 30, the end of Beijing Company’s third quarter, the following stockholders’ equity accounts are reported. Common stock, $10 par value $ 480,000 Paid-in capital in excess of par value, common stock 120,000 Retained earnings 340,000 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 95,000 Common Stock Dividend Distributable 46,000 Paid-In Capital in Excess of Par Value, Common Stock 49,000 Nov. 5 Common Stock Dividend Distributable 46,000 Common Stock, $10 Par Value 46,000 Dec. 1 Memo—Change the title of the common stock account to reflect the new par value of $4. Dec. 31 Income Summary 280,000 Retained Earnings 280,000 Required: 2. Complete the following table showing the equity account balances at each indicated date.

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Table showing the equity account Baance at each indicate date
Sep. 30 Oct. 2 Oct. 25 Oct. 31 Nov. 5 Dec. 1 Dec. 31
Common stock 480,000 480,000 480,000 480,000 526,000 526,000 526,000
Common stock dividend distributable 0 0 0 46,000 0 0 0
Paid in capital, in excess of par, common stock 120,000 120,000 120,000 169,000 169,000 169,000 169,000
Retained earnings 340,000 280,000 280,000 185,000 185,000 185,000 465,000
Total equity 940,000 880,000 880,000 880,000 880,000 880,000 1,160,000
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