Stockholders' Equity Section of Balance Sheet The following accounts and their balances appear in the ledger of
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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: | | | |
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Total Paid-In Capital | | | |
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Total | | | |
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Total Stockholders' Equity | | |
Related Book For
Financial and Managerial Accounting
ISBN: 978-0538480895
11th Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
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