Problem A Algo Equity analysisjournal entries and account balances LO P
At September the end of Beijing Companys third quarter, the following stockholders equity accounts are reported.
Common stock, $ par value $
Paidin capital in excess of par value, common stock
Retained earnings
In the fourth quarter, the following entries related to its equity are recorded.
Date General Journal Debit Credit
October Retained Earnings
Common Dividend Payable
October Common Dividend Payable
Cash
October Retained Earnings
Common Stock Dividend Distributable
PaidIn Capital in Excess of Par Value, Common Stock
November Common Stock Dividend Distributable
Common Stock, $ Par Value
December MemoChange the title of the common stock
account to reflect the new par value of $
December Income Summary
Retained Earnings
Required:
Complete the following table showing the equity account balances at each indicated date.
