Entries for selected corporate transactions

Nav$-$Go Enterprises Inc. produces aeronautical navigation equipment. Nav$-$Go Enterprises' stockholders$$ equity accounts, with balances on January $1,20$Y$1,$ are as follows:

Line Item Description Amount

Common Stock, $$10$ stated value $(400,000$ shares authorized, $280,000$ shares issued$)$ $$2,800,000$

Paid$-$In Capital in Excess of Stated Value$-$Common Stock $550,000$

Retained Earnings $6,360,000$

Treasury Stock $(28,000$ shares, at cost$)420,000$

The following selected transactions occurred during the year:

Date Transaction

Jan. $15.$ Paid cash dividends of $$0\mathrm{.}12$ per share on the common stock. The dividend had been properly recorded when declared on December $1$ of the preceding fiscal year for $$30,240.$

Mar. $15.$ Sold all of the treasury stock for $$18$ per share.

Apr. $13.$ Issued $55,000$ shares of common stock for $$18$ per share.

June $14.$ Declared a $5\%$ stock dividend on common stock, to be capitalized at the market price of the stock, which is $$20$ per share.

July $16.$ Issued stock for the stock dividend declared on June $14.$

Oct. $30.$ Purchased $18,000$ shares of treasury stock for $$20$ per share.

Dec. $30.$ Declared a $$0\mathrm{.}15-$per$-$share dividend on common stock.

$31.$ Closed the two dividends accounts to Retained Earnings. Nav$-$Go Enterprises Inc.

Statement of Stockholders$$ Equity

For the Year Ended December $31,20$Y$1$

Line Item Description Common Stock Paid$-$In

Capital in

Excess of

Stated Value Paid$-$In

Capital from Sale of

Treasury Stock Retained

Earnings Treasury

Stock Total

$fill in the blank $96$

$fill in the blank $97$

$fill in the blank $98$

$fill in the blank $99$

$fill in the blank $100$

$fill in the blank $101$

fill in the blank $103$

fill in the blank $104$

fill in the blank $105$

fill in the blank $107$

fill in the blank $108$

fill in the blank $110$

fill in the blank $111$

fill in the blank $113$

fill in the blank $114$

fill in the blank $115$

fill in the blank $116$

fill in the blank $118$

fill in the blank $119$

fill in the blank $120$

fill in the blank $122$

fill in the blank $123$

$fill in the blank $125$

$fill in the blank $126$

$fill in the blank $127$

$fill in the blank $128$

$fill in the blank $129$

$fill in the blank $130$

$4.$ Prepare the $$Stockholders$$ Equity$$ section of the December $31,20$Y$1,$ balance sheet. For those boxes in which you must enter subtracted or negative numbers use a minus sign.

Nav$-$Go Enterprises Inc.

Balance Sheet

December $31,20$Y$1$

Line Item Description Amount Amount

Stockholders' Equity

Paid$-$In Capital:

$fill in the blank $132$

fill in the blank $134$

fill in the blank $136$

Total Paid$-$In Capital $fill in the blank $137$

fill in the blank $139$

Total $fill in the blank $140$

fill in the blank $142$

Total Stockholders' Equity $fill in the blank $143$