The following accounts and their balances appear in the ledger of Goodale Properties Inc. on...
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Accounting
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
$193,500
Paid-In Capital in Excess of Par
15,480
Paid-In Capital from Sale of Treasury Stock
8,400
Retained Earnings
320,000
Treasury Stock
11,970
Prepare the Stockholders' Equity section of the balance sheet as of June 30. Fifty thousand shares of common stock are authorized, and 630 shares have been reacquired.
Goodale Properties Inc.
Stockholders' Equity
June 30, 20XX
Paid-In Capital:
Common Stock, $15 Par (50,000 Shares Authorized, 12,900 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 (630 Shares at Cost)
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