Capital stock-common Beginning FIGURE 21 (1) Redemption balance of stock ssue of stock平 Cash Owners'Equity Ending bank and balance Dividend accounts Paid-in capital In excess Dividends Retained of par-common payable earnIngs Beginning Beginning Beginning (1) Redemption balance Payment balance alance of stock Issue o Dividends stock dividends declared Dividends declared earnIngs Ending Endin Ending alance alance balance @2000 Prentice hall.IncArens, Loebbecke; Auditing, 8/E ©2000 Prentice Hall, Inc. FIGURE 21 -4 Owners’ Equity and Dividend Accounts