Entries for Selected Corporate Transactions Nav-Go Enterprises Inc. produces aeronautical navigation equipment. Nav-Go Enterprises' stockholders' equity accounts, with balances on January 1, 2041, are as follows: Common Stock, $10 stated value (300,000 shares authorized, $2,000,000 200,000 shares issued) Paid-In Capital in Excess of Stated Value-Common Stock 400,000 Retained Earnings 4,540,000 Treasury Stock (20,000 shares, at cost) 280,000 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 declared on December 1 of the preceding fiscal year for $23,400. Mar. Sold all of the treasury stock for $17 per share. 15. Apr. Issued 40,000 shares of common stock for $720,000. 13. June Declared a 4% stock dividend on common stock, to be capitalized at the market price of the 14. stock, which is $20 per share. July 16. Issued shares of stock for the stock dividend declared on June 14. Oct. 30. Purchased 13,000 shares of treasury stock for $19 per share. Dec. Declared a $0.16-per-share dividend on common stock. 30. 31. Closed the two dividends accounts to Retained Earnings. Required: Common Stock pan. 1 Bal Apr. 13 July 16 Dec. 31 Bal 2,000,000 400,000 2,520,0 Paid-In Capital in Excess Stated Value-Common stock Lan. 1 Bal. 400,000 June 14 Dec. 31 Bal. Retained Earnings Jan. 1 Bal 4,540,000 Dec. 31 Bal. Treasury Stock 280,000 Jan. 1 Ball Dec. 31 Bal. Paid-In Capital from Sale of Treasury Stock Stock Dividends Distributable Stock Dividends Cash Dividends