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

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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 $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

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