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 (400,000 shares authorized, 260,000 shares issued)	$2,600,000
Paid-In Capital in Excess of Stated Value-Common Stock	500,000
Retained Earnings	5,900,000
Treasury Stock (26,000 shares, at cost)	390,000

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 $30,420.
Mar. 15.	Sold all of the treasury stock for $18 per share.
Apr. 13.	Issued 50,000 shares of common stock for $900,000.
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 shares of stock for the stock dividend declared on June 14.
Oct. 30.	Purchased 16,000 shares of treasury stock for $20 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 provide the December 31 balance where appropriate. If required, round to one decimal place.

Common Stock

Jan 1 Balance = 2,600,000 Correct

April 13 = 500,0000 Correct

July 16 = 155,000 Correct

December 31. Balance = 3,255,000 Correct

Paid in Capital in Excess of Stated Value - Common Stock

January 1 Balance = 500,000 Correct

April 13 =400,000 Correct

June 14 =? Dec. 31. Balance = ?

Retained Earnings

December 31 = ? Jan. 1 Balance = 5,900,000

Dec. 31. = ? Dec. 31. Balance = ?

Treasury stock

Jan. 1 Balance = 390,000 Correct. March 15= ? Oct 30. = ?

Dec 31 Balance = ?

Paid in Capital from sale of treasury stock

March 15=?

Stock Dividends Distribution

July 16 = ? June 14= ?

Stock Dividend

June 14= ? December 31=?

Cash Dividends

Dec. 30= ? Dec. 31=?

Please explain how you get the number.