Book Entries for Selected Corporate Transactions Nav-Go Enterprises Inc. produces aeronautical navigation equipment. The stockholders equity accounts of ev-Go Enterprises Inc., with balonces an January 1, 2013, are as follows: Common Stock, $5 stated value (900,000 shares authorized, 620,000 shares issued) $3,100,000 Paid-in Capital in Excess of stated Value--Common Stock 1,240,000 Retained Earnings 4,875,000 Treasury Stock (48,000 shares, at a cost of $6 per share) 288,000 The following selected transactions occurred during the years Jan. 15. Paid cash dividends of $0.06 per share on the common stock The dividend nad been property recorded when declared on December 1 of the preceding fiscal year for $34,320 Mar. 15. Sold all of the treasury stock for $6.75 per share Apr. 13. Issued 200,000 shares of common stock for s8 per share. June 14. Declared a 3% stock dividend on common stock, to be capitalized at the market price of the stock, which is $7.50 per share. July 16. Issued the certificates for the dividend declared on June 14 Oct. 30. Purchased 50,000 shares of treasury stock for $6 per share. Dec. 30. Declared a $0.08-per-share dividend on common stock. 31. Closed the two dividends accounts to retained Earnings.