At September 30, the end of Excel 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. Date General Journal Debit Credit Oct. 2 Retained Earnings 70,000 Common Dividend Payable 70,000 Oct. 25 Common Dividend Payable 70,000 Cash 70,000 Oct. 31 Retained Earnings 87,000 Common Stock Dividend Distributable 42,000 Paid-In Capital in Excess of Par Value, Common Stock 45,000 Nov. 5 Common Stock Dividend Distributable 42,000 Common Stock, $12 Par Value 42,000 Dec. 1 Memo—Change the title of the common stock account to reflect the new par value of $4. Dec. 31 Income Summary 290,000 Retained Earnings 290,000 Required: 2. Complete the following table showing the equity account balances at each indicated date (include the balances from September 30).

At September 30, the end of Excel 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.

Date	General Journal	Debit	Credit
Oct. 2	Retained Earnings	70,000
	Common Dividend Payable		70,000
Oct. 25	Common Dividend Payable	70,000
	Cash		70,000
Oct. 31	Retained Earnings	87,000
	Common Stock Dividend Distributable		42,000
	Paid-In Capital in Excess of Par Value, Common Stock		45,000
Nov. 5	Common Stock Dividend Distributable	42,000
	Common Stock, $12 Par Value		42,000
Dec. 1	Memo—Change the title of the common stock account to     reflect the new par value of $4.
Dec. 31	Income Summary	290,000
	Retained Earnings		290,000

Required:
2.	Complete the following table showing the equity account balances at each indicated date (include the balances from September 30).