Question: The following accounts and their balances appear in the ledger

The following accounts and their balances appear in the ledger of Goodale Properties Inc. on June 30 of the current year:
Common Stock, $45 par . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 3,060,000
Paid-In Capital from Sale of Treasury Stock . . . . . . . . . . . . . . . . . . 115,000
Paid-In Capital in Excess of Par—Common Stock. . . . . . . . . . . . . . 272,000
Retained Earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20,553,000
Treasury Stock . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 324,000
Prepare the Stockholders’ Equity section of the balance sheet as of June 30. Eighty thousand shares of common stock are authorized, and 9,000 shares have been reacquired.


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  • CreatedFebruary 28, 2014
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