Stockholders\' Equity Section of Balance Sheet The following accounts and their
ID: 2534803 • Letter: S
Question
Stockholders' Equity Section of Balance Sheet The following accounts and their balances appear in the ledger of Goodale Properties Inc. on June 30 of the current year: Common Stock, $15 par Paid-In Capital in Excess of Par Paid-In Capital from Sale of Treasury Stock Retained Earnings Treasury Stock Prepare the Stockholders' Equity section of the balance sheet as of June 30. Fifty thousand shares of common stock are authorized, and 625 shares havee been reacquired $192,000 15,360 8,300 317,000 11,875 Goodale Properties Ind. Stockholders' Equity June 30, 20xX Paid-In Capital Common Stock, $15 Par (50,000 Shares Authorized, 12,800 Shares Issued) Excess of Issue Price Over Par Paid-in capital, common stock From Sale of Treasury Stock Total Paid-In Capital Retained Earnings Total Treasury Stock (625 Shares at Cost) Total Stockholders' EquityExplanation / Answer
Paid In Capital Common Stock $15 Par (50,000 Shares Authorized , 12 ,800 Shares Issued) 192,000 Excess of Issue Price Over Par 15,360 Paid in capital, common stock 207,360 From Sale of Treasury Stock 8,300 Total Paid In Capital 215,660 Retaind Earnings 317,000 Total 532,660 Treasury Stock (625 Shares at Cost) (11,875) Total Stockholder's Equity 520,785