Entries for Selected Corporate Transactions Nav-Go Enterprises Inc. produces aeronautical navigation equipment. The stockholders' equity accounts of Nav-Go Enterprises Inc., with balances on January 1, 20Y3, are as follows: Common Stock, $5 stated value (900,000 shares authorized, 620,000 shares issued) Paid-In Capital in Excess of Stated Value-Common Stock Retained Earnings Treasury Stock (48,000 shares, at a cost of $6 per share) 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. $3,100,000 1,240,000 4,875,000 288,000 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 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.

Entries for Selected Corporate Transactions The following selected tansactions occured during the youn 2an. 15. Paid sash dividends of s0.06 per shure on the cemmen stock. The dividend had bren suebeity reconded when dedered on December 1 of the precting fiscal year for $34,320. Mar. 15. Sold all of the treasury atock for $6.75 per share. Apr. 13. Asued 200,000 sheres of common stock for 14 per ware. July 16 issued the certifcates for the avidend dedared on June 14. Oct. 30 . Purchased 30,000 shares of vemury atock for 16 per share. Dec. 30. Deciared a \$0.08-perthare divend on commen stock. 31. Cosed the two dividends accounts to Retained Eernings: 4. Prepare the Stepkholders' fouly section of the December 31,20r3, balance sheet. Entries for Selected Corporate Transactions The following selected tansactions occured during the youn 2an. 15. Paid sash dividends of s0.06 per shure on the cemmen stock. The dividend had bren suebeity reconded when dedered on December 1 of the precting fiscal year for $34,320. Mar. 15. Sold all of the treasury atock for $6.75 per share. Apr. 13. Asued 200,000 sheres of common stock for 14 per ware. July 16 issued the certifcates for the avidend dedared on June 14. Oct. 30 . Purchased 30,000 shares of vemury atock for 16 per share. Dec. 30. Deciared a \$0.08-perthare divend on commen stock. 31. Cosed the two dividends accounts to Retained Eernings: 4. Prepare the Stepkholders' fouly section of the December 31,20r3, balance sheet