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The January 1 balances in T accounts for the stockholders equity accounts have been listed below. T accounts for the following accounts have also been

The January 1 balances in T 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. If required, round to one decimal place.
Common Stock
Transaction Debit amount Transaction Credit amount
Jan. 1 Bal. 3,100,000
fill in the blank 2
fill in the blank 4
Dec. 31 Bal. fill in the blank 5
Paid-In Capital in Excess of Stated Value-Common Stock
Transaction Debit amount Transaction Credit amount
Jan. 1 Bal. 1,240,000
fill in the blank 7
fill in the blank 9
Dec. 31 Bal. fill in the blank 10
Retained Earnings
Transaction Debit amount Transaction Credit amount
fill in the blank 12
Jan. 1 Bal. 4,875,000
fill in the blank 14
Dec. 31 Bal. fill in the blank 15
Treasury Stock
Transaction Debit amount Transaction Credit amount
Jan. 1 Bal. 288,000
fill in the blank 17
fill in the blank 19
Dec. 31 Bal. fill in the blank 20
Paid-In Capital from Sale of Treasury Stock
Transaction Debit amount Transaction Credit amount
fill in the blank 22
Stock Dividends Distributable
Transaction Debit amount Transaction Credit amount
fill in the blank 24
fill in the blank 26
Stock Dividends
Transaction Debit amount Transaction Credit amount
fill in the blank 28
fill in the blank 30
Cash Dividends
fill in the blank 32
fill in the blank 34
2. Journalize the entries to record the transactions, and post to the eight selected accounts. Assume that the closing entry for revenues and expenses has been made and post net income of $4,722,000 to the retained earnings account. If an amount box does not require an entry, leave it blank.
Jan. 15. Paid cash dividends of $0.12 per share on the common stock. The dividend had been properly recorded when declared on December 1 of the preceding fiscal year for $21,600.
Date Account Debit Credit
Jan. 15
fill in the blank 36
fill in the blank 37
fill in the blank 39
fill in the blank 40
Mar. 15. Sold all of the treasury stock for $17 per share.
Date Account Debit Credit
Mar. 15
fill in the blank 42
fill in the blank 43
fill in the blank 45
fill in the blank 46
fill in the blank 48
fill in the blank 49
Apr. 13. Issued 40,000 shares of common stock for $720,000
Date Account Debit Credit
Apr. 13
fill in the blank 51
fill in the blank 52
fill in the blank 54
fill in the blank 55
fill in the blank 57
fill in the blank 58
June 14. Declared a 4% on common stock, to be capitalized at the market price of the stock, which is $20 per share.
Date Account Debit Credit
June 14
fill in the blank 60
fill in the blank 61
fill in the blank 63
fill in the blank 64
fill in the blank 66
fill in the blank 67
July 16. Issued stock for stock dividend declared on June 14.
Date Account Debit Credit
July 16
fill in the blank 69
fill in the blank 70
fill in the blank 72
fill in the blank 73
Oct. 30. Purchased 13,000 shares of treasury stock for $19 per share.
Date Account Debit Credit
Oct. 30
fill in the blank 75
fill in the blank 76
fill in the blank 78
fill in the blank 79
Dec. 30. Declared a $0.15-per-share dividend on common stock.
Date Account Debit Credit
Dec. 30
fill in the blank 81
fill in the blank 82
fill in the blank 84
fill in the blank 85
Dec. 31. Closed the two dividends accounts to Retained Earnings.
Date Account Debit Credit
Dec. 31
fill in the blank 87
fill in the blank 88
fill in the blank 90
fill in the blank 91
fill in the blank 93
fill in the blank 94
3. Prepare a statement of stockholders equity for the year ended December 31,20Y1. Assume that net income was $4,722,000 for the year ended December 31,20Y1. For those boxes in which you must enter subtracted or negative numbers use a minus sign. If an amount box does not require an entry, leave it blank.
Nav-Go Enterprises Inc.
Statement of Stockholders Equity
For the Year Ended December 31,20Y1
Line Item Description Common Stock Paid-In
Capital in
Excess of
Stated Value Paid-In
Capital from Sale of
Treasury Stock Retained
Earnings Treasury
Stock Total
$fill in the blank 96
$fill in the blank 97
$fill in the blank 98
$fill in the blank 99
$fill in the blank 100
$fill in the blank 101
fill in the blank 103
fill in the blank 104
fill in the blank 105
fill in the blank 107
fill in the blank 108
fill in the blank 110
fill in the blank 111
fill in the blank 113
fill in the blank 114
fill in the blank 115
fill in the blank 116
fill in the blank 118
fill in the blank 119
fill in the blank 120
fill in the blank 122
fill in the blank 123
$fill in the blank 125
$fill in the blank 126
$fill in the blank 127
$fill in the

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