Question

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, $5 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. Declared an $0.08-per-share dividend on common stock. 31. Closed the two dividends accounts to Retained Earnings.

Please answer it in the same format as I posted below in the chart.

3. Prepare a statement of stockholders’ equity for the year ended December 31, 20Y1. Assume that net income was $775,000 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 or enter “0”.

Nav-Go Enterprises Inc. Statement of Stockholders’ Equity For the Year Ended December 31, 20Y1
	Common Stock	Paid-In Capital in Excess of Stated Value	Paid-In Capital from Sale of Treasury Stock	Retained Earnings	Treasury Stock	Total
Balances, January 1	$	$	$	$	$	$
	$	$	$	$	$	$

Answer 1

equipmat stock holde eauty Answer. The produces aeronautical navigation statement of stockholder equits for the year ended Dec 31 2011 Particularis Common stod . sale of teasury stod Encess of Stated value Retaund Teaston Eurigs stock Stockhoden cauity 4875000.0 -288,000.00 7 8927000.00 0.00 Balance Jan?. I 550 Ofcommen stoed 3,600,00.00 1,000.00.00 1920,000.00 600, 6coco -1000-000.00 + 600 000.00 1600,000.00 Net income $ 775000.00 =775000.00 Cash dividents 63 568.00 =-6356800 stock dividends 123,000.00 61.500.00 3123000.00€ 61500.00 =-184500-00

Sales of teasury stock 36,000,00 288,000.00 36000.00 7288000.00 2324000.00 | Purchase of teasury stock -3.000.000.00 -3000-000-00 Balance Dec 31 487500000 sv . 13100000:00 1240000:00 61000000.00 600 000.00 775000.00 1123 000.00 -63568.00 -300,00000 11.262.432.00 61500.00 1 844500-00 34223000.00 1901,500-00 - 36000.0% 55L401,932.00