PR 12-4B Entries for selected corporate transactions Obj. 2, 3, 4, 6 nterprises Inc. produces aeronautical navigation equipment. Navo-Go Enterprises' stockholders' equity accounts, with balances on January 1, 20Y1, are as follows: ity, 432 Common Stock, $5 stated value (900,000 shares authorized, 620,000 shares issued) $3,100,000 1,240,000 4,875,000 288,000 Paid-In Capital in Excess of Stated Value- Common Stock GER Treasury Stock (48,000 shares, at cost).... 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. Sold all of the treasury stock for $6.75 per share. Issued 200,000 shares of common stock for $8 per share. Declared a 3% stock dividend on common stock, to be capitalized at the market price of the stock, which is $7.50 per share Issued stock for stock dividend declared on June 14. Purchased 50,000 shares of treasury stock for $6 per share. Declared an $0.08-per-share dividend on common stock. Closed the credit balance of the income summary account, $775,000. Closed the two dividends accounts to Retained Earnings. Mar. 15. Apr. 13. June 14, July 16. Oct. 30. Dec. 30. 31. 31. Continued)