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Common stock, $ 14 par value Paid-in capital in excess of par value, common stock...

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Accounting

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Common stock, $ 14 par value Paid-in capital in excess of par value, common stock Retained earnings $420,000 100,000 340,000 In the fourth quarter, the following entries related to its equity are recorded. Credit Date Oct. 2 General Journal Retained Earnings Common Dividend Payable Debit 60,000 60,000 Oct. 25 60,000 Common Dividend Payable Cash 60,000 Oct. 31 71,000 Retained Earnings Common Stock Dividend Distributable Paid-In Capital in Excess of Par Value, Common Stock 34,900 37,000 Nov. 5 34,000 Common Stock Dividend Distributable Common Stock, $14 Par Value 34,909 Dec. 1 Memo-Change the title of the common stock account to reflect the new par value of $4. Dec. 31 280,000 Income Summary Retained Earnings 280,000 Required: 2. Complete the following table showing the equity account balances at each indicated date. Oct 2 Oct. 25 Oct. 31 Nov. 5 Dec 1 Dec 31 Sep. 30 Beg. Bal. $ 420.000 Common stock Common stock dividend distributable Paid-in capital in excess of par, common stock Retained earnings Total equity $ $ 100,000 340.000 860,000 $

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