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American Public University Operations And Supply Chain Management Assignment Help - Accounting

Question - At September 30, the end of Excel Company's third quarter, the following stockholders' equity accounts are reported. Common stock, $12 par value $ 720,000 Paid-in capital in excess of par value, common stock 180,000 Retained earnings 640,000 In the fourth quarter, the following entries related to its equity are recorded. Date General Journal Debit Credit Oct. 2 Retained Earnings 120,000 Common Dividend Payable 120,000 Oct. 25 Common Dividend Payable 120,000 Cash 120,000 Oct. 31 Retained Earnings 150,000 Common Stock Dividend Distributable 72,000 Paid-In Capital in Excess of Par Value, Common Stock 78,000 Nov. 5 Common Stock Dividend Distributable 72,000 Common Stock, $12 Par Value 72,000 Dec. 1 Memo"Cha ...Read More

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