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Help! What am I doing wrong on all of these? Paid-In Canital in Excess of Stated Value-Common Stock subtracted or negative numbers use a minus
Help! What am I doing wrong on all of these?
Paid-In Canital in Excess of Stated Value-Common Stock subtracted or negative numbers use a minus sign. If an amount box does not require an entry, leave it blank or enter " 0 ". \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline \multicolumn{13}{|c|}{Nav-GoEnterprisesInc.StatementofStockholdersEquityFortheYearEndedDecember31,20Y1} \\ \hline & \multicolumn{2}{|c|}{ Common Stock } & Paid-InCapitalinExcessofStatedValue & & Paid-InCapitalfromSaleTreasuryStock & & \multicolumn{2}{|l|}{RetainedEarnings} & \multicolumn{2}{|l|}{TreasuryStock} & \multicolumn{2}{|l|}{ Total } \\ \hline Balances, January 1 & $3,600,000 & & $700,000 & & $ & & $8,170,000 & & $540,000 & x & $13,010,000 & x \\ \hline Issued Common Stock & 700,000 & & 560,000 & & & & & & & & 1,260,000 & \\ \hline Net Income & & & & & & & 1,956,000 & x & & & 1,956,000 & x \\ \hline Cash Dividends & & & & & & & 120,240 & x & & & 120,240 & x \\ \hline Stock Dividends & 215,000 & & 215,000 & & & & 430,000 & & & & 0 & \\ \hline Sale of Treasury Stock & & & & & 288,000 & x & & & 360,000 & x & 648,000 & \\ \hline Purchase of Treasury Stock & & & & & & & & & 460,000 & x & 460,000 & x \\ \hline Balances, December 31 & $4,515,000 & & $1,475,000 & & $288,000 & x & $9,575,760 & x & $640,000 & x & $16,493,760 & x \\ \hline \end{tabular} June 14. Declared a 5% on common stock, to be capitalized at the market price of the stock, which is $20 per share. July 16. Issued stock for stock dividend declared on June 14. Oct. 30. Purchased 23,000 shares of treasury stock for $20 per share. 2. Journalize the entries to record the transactions. For a compound transaction, if an amount box does not require an entry, leave it blank. Mar. 15. Sold all of the treasury stock for $18 per share. Apr. 13. Issued 70,000 shares of common stock for $1,260,000 Dec. 30. Declared a $0.18-per-share dividend on common stock. Dec. 31. Closed the two dividends accounts to Retained Earnings. 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: The following selected transactions occurred during the year: Jan. 15. Paid cash dividends of $0.15 per share on the common stock. The dividend had been properly recorded when declared on December 1 of the preceding fiscal year for $48,600. Mar. 15. Sold all of the treasury stock for $18 per share. Apr. 13. Issued 70,000 shares of common stock for $1,260,000. 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 23,000 shares of treasury stock for $20 per share. Dec. 30. Declared a $0.18-per-share dividend on common stock. 31. Closed the two dividends accounts to Retained Earnings. \begin{tabular}{lr|rr} \multicolumn{4}{c}{ Treasury Stock } \\ \hline Jan. 1 Bal. & 540,000 & Mar. 15 & 360,000 \\ Oct. 30 & 460,000 & \\ \hline Dec. 31 Bal. & 460,000 & \\ \hline \end{tabular} Paid-In Capital from Sale of Treasury Stock \begin{tabular}{l|ll} \hline & Mar. 15 & 288,000 \\ \end{tabular} Stock Dividends Distributable July 16 215,000 June 14 215,000 Stock Dividends Cash Dividends \begin{tabular}{l|l|l|r} \hline Dec. 30 & 120,240120,240 \\ \hline \end{tabular}
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