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	$603,000
Paid-In Capital from Sale of Treasury Stock	24,800
Paid-In Capital in Excess of Par—Common Stock	16,080
Retained Earnings	947,000
Treasury Stock	12,445

Prepare the Stockholders’ Equity section of the balance sheet as of June 30 using Method 1 of Exhibit 8 . Eighty thousand shares of common stock are authorized, and 655 shares have been reacquired.

Goodale Properties Inc.
Stockholders' Equity
June 30, 20XX
Paid-In Capital:
Total Paid-In Capital
Total
Total Stockholders' Equity

Answer rating: 100% (QA)

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