# Question

At September 30, the end of Beijing Company’s third quarter the following stockholders’ equity accounts are reported.
Common stock, \$ 12 par value . . . . . . . . . . . . . . . . . . . . . . . . \$ 360,000
Paid- in capital in excess of par value, common stock . . . . . . 90,000
Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 320,000

In the fourth quarter, the following entries related to its equity are recorded:


Required
1. Explain the transaction(s) underlying each journal entry.
2. Complete the following table showing the equity account balances at each indicated date (include the balances from September30).

Sales17
Views845