"Stockholders' Equity" Section of Balance Sheet The following accounts and their balances appear in the...
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"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 $187,500 8,100 Paid-In Capital from Sale of Treasury Stock Paid-In Capital in Excess of Par-Common Stock 15,000 Retained Earnings 310,000 Treasury Stock 11,685 Prepare the "Stockholders' Equity" section of the balance sheet as of June 30. Fifty thousand shares of common stock are authorized, and 615 shares have been reacquired. Goodale Properties Inc. Stockholders' Equity June 30, 20xx Paid-In Capital: Common Stock, $15 Par (50,000 Shares Authorized, 12,500 Shares Issued) Excess of Issue Price Over Par Treasury Stock (615 Shares at Cost) $ Total Paid-In Capital Retained Earnings $ Total Treasury Stock (615 Shares at Cost) Total Stockholders' Equity
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