eBook Calculator Entries for Selected Corporate Transactions Nav-Go Enterprises Inc. produces aeronautical navigation equipment. Nav-Go Enterprises' stockholders' equity accounts, with balances on January 1, 20Y1, are as follows: Common Stock, $10 stated value (350,000 shares authorized, 220,000 shares issued) $2,200,000 Paid-In Capital in Excess of stated Value-Common Stock 400,000 Retained Earnings 4,990,000 Treasury Stock (22,000 shares, at cost) 308,000 The following selected transactions occurred during the year: Jan. 15. Paid cash dividends of $0.13 per share on the common stock. The dividend had been properly recorded when dedared on December 1 of the preceding fiscal year for $25,740. Mar. 15. Sold all of the treasury stock for $17 per share. Apr. 13. Issued 40,000 shares of common stock for $640,000. June 14. Declared a 5% stock dividend on common stock, to be capitalized at the market price of the stock, which is $18 per share. July 16, Issued shares of stock for the stock dividend declared on June 14. Oct. 30. Purchased 14,000 shares of treasury stock for $19 per share. Dec. 30. Declared a $0.16-per-share dividend on common stock. 31. Closed the two dividends accounts to Retained Earnings. Required: 1. The January 1 balances have been entered in T accounts for the stockholders' equity accounts. Record the above transactions in the T accounts and C Calculator eBook Required: 1. The January 1 balances have been entered in T accounts for the stockholders' equity accounts. Record the above transactions in the accounts and provide the December 31 balance where appropriate. If required, round to one decimal place. Common Stock 2,200,000 Jan. 1 Bal. Apr. 13 July 16 Dec. 31 Bal. 400,000 Paid In Capital in Excess of Stated Value-Common Stock Jan. 1 Bal. Apr. 13 June 14 Dec. 31 Bal. Retained Earnings Dec. 31 Jan. 1 Bal 4,990,000 Dec. 317 eBook Calculator Retained Earnings Dec. 31 Jan. 1 Bal. 4,990,000 Dec. 31 Dec. 31 Bal. Treasury Stock Jan. 1 Bal. 308,000 Mar. 15 Oct. 30 Dec. 31 Bal. Paid-In Capital from Sale of Treasury Stock Mar. 15 Stock Dividends Distributable June 14 July 16 Stock Dividends 21 Tina 14 Check My Work a eBook Calculator Mar. 15 Stock Dividends Distributable July 16 June 14 Stock Dividends June 14 Dec. 31 Cash Dividends Dec. 30 Dec. 31