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i just need whats marked wrong please Entries for Selected Corporate Transactions Nav Go Enterprises Inc produces aeronautical navigation equipment. Nav.Go Enterprises stockholders equity accounts,

i just need whats marked wrong please
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Entries for Selected Corporate Transactions Nav Go Enterprises Inc produces aeronautical navigation equipment. Nav.Go Enterprises stockholders equity accounts, with balances on January 1, 2011, are as follows: Common Stock, ss stated Value (900,000 shares authorized, 620,000 shares issued) $3,100,000 Paid-in Capital in Excess of Stated Value Common Stock 1,240,000 Retained Earnings 4,875,000 Treasury Stock (48,000 shares, at cost) 288,000 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. 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 stock for stock dividend declared on June 14 Oct. 30. Purchased 50,000 shares of treasury stock for $6 per share. Dec. 30. Dedared an $0.08 per share dividend on common stock 31. Closed the two dividends accounts to Retained Earnings 1. The January 1 balances in accounts for the stockholders' equity accounts have been listed below. T accounts for the following accounts have also been created: Paid In Capital from Sale of Treasury Stock; Stock Dividends Distributable; Stock Dividends Cash Dividends Common Stock Lan 1 Bal Apr. 13 July 16 3,100,000 1,000,000 123,000 4,223,000 Dec. 31 Bali Paid In Capital in excess of Stated Value Common Stock lan 1 Bal 1,240,000 Apr 12 600,000 61,500 Dec 31 Bal 1,901,500 Dec.31 Retained Earnings 5,401,93 Xan 1 bal Dec.31 4,875,000 775,000 5,401,932 Dec 31 Bal 3. Prepare a statement of stockholders' equity for the year ended December 31, 2071 Assume that net income was $775,000 for the year ended December 31, 2011. For those boxes in which you must enter subtracted or negative numbers use a minus sign, Iran amount box does not require an entry, leave it blank or enter" Nav Go Enterprises Inc Statement of Stockholders' Equity For the Year Ended December 31, 2011 Paid in Capital in Paid in Excess of Capital from Sale of Stated Value Treasury Stock 1,240,000 Retained Earnings 4,875,000 Treasury Stock Common Stock Total Balances January 1 3,100,000 288,000 X 8,927,000 Issued Common Stock . 1,000,000 600,000 1,600,000 Net Income 775,000 775,000 63,568 X Cash Dividends 63,568 Stock Dividends 173,000 61,500 184,500 x Sale of Treasury Stock 36,000 288,000 324,000 Purchase our Stock 300,000 X 300,000 X Balance December 11 4A, H 1,901,500 4 (14) 5,401,932 300,000 x 11,262,432 4. Prepare the stockholders' Equity' section of the December 31, 2041, 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, 2011 Stockholders' Equity Paid In Capital Common Stock Stated Value (900,000 Shares Authorized 844,600 shares Issued) Excess of issue Price Over Stated VAO From Sale of Treasury Stock Total Paid In Capital Retained Earnings 4,223,000 1,901,500 36,000 6,160,500 5,401,932 Total 11,562,432 V Treasury Stock (50.000 Shares at Cost 300,000 X Total Stockholders' Equity 11,262,432

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