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At September 30, the end of Beijing Companys third quarter, the following stockholders equity accounts are reported.
| Common stock, $14 par value | $ 300,000 |
| Paid-in capital in excess of par value, common stock | 100,000 |
| Retained earnings | 300,000 |
In the fourth quarter, the following entries related to its equity are recorded.
| Date | General Journal | Debit | Credit |
| October 2 | Retained Earnings | 60,000 | |
| | Common Dividend Payable | | 60,000 |
| October 25 | Common Dividend Payable | 60,000 | |
| | Cash | | 60,000 |
| October 31 | Retained Earnings | 79,000 | |
| | Common Stock Dividend Distributable | | 38,000 |
| | Paid-In Capital in Excess of Par Value, Common Stock | | 41,000 |
| November 5 | Common Stock Dividend Distributable | 38,000 | |
| | Common Stock, $14 Par Value | | 38,000 |
| December 1 | MemoChange the title of the common stock | | |
| | account to reflect the new par value of $4. | | |
| December 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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