At September 30, the end of Beijing Companys 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).