Entries for selected corporate transactions follows:\ Common Stock,

$5

stated value shares authorized, 620,000 shares issued)\

$3,100,000\ 1,240,000\ 4,875,000\ 288,000

\ Paid-In Capital in Excess of Stated Value-Common Stock\ Retained Earnings\ Treasury Stock shares, at cost)\ The following selected transactions occurred during the year:\ Jan. 15. Paid cash dividends of

$0,06

per share on the common stock. The dividend had been properly 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

$8

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 stock for stock dividend declared on June 14\ Oct. 30. Purchased 50,000 shares of treasury stock for

$6

per share.\ Dec. 30. Declared an

$0.08

-per-share dividend on common stock.\ 31. Closed the two dividends accounts to Retained Earnings.\ Required: In Capital from Sale of Treasury Stock; Stock Dividends Distributable; Stock Dividends; Cash Dividends.\ Common Stock\ Jan. 1 Bal.\

3,100,000

Entries for selected corporate transactions Nav-Go Enterprises Inc. produces aeronautical navigation equipment. Nav-Go Enterprises' stockholders' equity accounts, with balances on January 1, 20 Y1, are as follows: Jan. 15. Paid cash dividends of $0.06 per share on the common stock. The dividend had been properly 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 $8 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 stock for stock dividend declared on June 14 Oct. 30. Purchased 50,000 shares of treasury stock for $6 per share. Dec. 30. Declared an $0.08-per-share dividend on common stock. 31. Closed the two dividends accounts to Retained Earnings. Required: 1. The January 1 balances in T accounts for the stockholders' equity accounts have been listed below. T accounts for the following accounts have also been created: PaidIn Capital from Sale of Treasury Stock; Stock Dividends Distributable; Stock Dividends; Cash Dividends