Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. check my work at september 30, the end of beljing

Check my work At September 30, the end of Beljing Company's third quarter, the following...

80.2K

Verified Solution

Question

Accounting

image
Check my work At September 30, the end of Beljing Company's third quarter, the following stockholders' equity accounts are reported. Common stock, 512 par value $ 420,000 Paid-in capital in excess of par value, common stock 90,000 Retained earnings 360,000 In the fourth quarter the following entries related to its equity are recorded, Date General Journal Debit October 2 Retained Earnings Credit 70,000 Common Dividend Payable 70,000 October 25 Common Dividend Payable 70.000 Cash 70,000 October 31 Retained Earnings 91,000 Common Stock Dividend Distributable 44,000 Paid-In Capital in Excess of Par Value, Common Stock 47.000 November 5 Common Stock Dividend Distributable 44,000 Common Stock, $12 Par Value 44,000 December 1 Memo-Change the title of the common stock account to reflect the new par value of $4. December 31 Income Summary 210,000 Retained Earnings 210,000 Required: 2. Complete the following table showing the equity accouht balances at each indicated date: October 2 October 25 October 31 November 5 December 1 December 31 September 30 Beginning Balance $ 420,000 Common stock Common stock dividend distributable Paid-in capital in excess of par common stock Retained earings This $ $ 90,000 360,000 Rmn nl nl n nl

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Develop an analysis of one person’s experience or ‘case’ under COVID 19 (fictional or from your...

Psychology
Q

Show that, for each natural number n, (x ? 1)(x ? 2)(x ? 3). . .(x...

Advance Math
Q

1. Why is there no political will to consolidate regulation of the food industry into a...

General Management
Q

Given the parametric curve r t sin t t where 1 t 1 find r...

Geometry
Q

Preble Company manufactures one product. Its variable manufacturing overhead is applied to production...

Accounting
Q

At September 1, 2022 the balance sheet accounts for Blossom's Restaurant were as follows: ...

Accounting
Q

Antzona Desert Homes (ADH) constructed a new subdivision during 2020 and 2021 under contract with...

Accounting
Q

Whiteheim's Restaurant in Leavenworth had an outstanding gift certificates liability at the end of 2018...

Accounting
Q

Diamond Co. received $500,000 today to deliver medical imaging equipment in two years. Assume an...

Accounting
Q

1. What amount should be reported as interest expense for 2022 ? a. 240,000 b....

Accounting
Q

Hi-Tek Manufacturing, Incorporated, makes two types of industrial component partsthe B300 and the T500. An...

Accounting
Q

Case 3: A loan of $719,000 was made today by a new customer. The customer...

Finance