3. the following accounts and their balances are from the ledger of gold star inc. on august 15 of year:

common stock, $45 par $ 3,060,000

paid in capital from sales 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 august 31. eighty thousand shares of common stock are authorized and 9,000 shares have been reacquired

burchased for $90,000. The and is priced to sell for $125,000 d in the accounts of the new partner pp in th u the above. Jack and 3. The follow ing accounts and their balances are from the ledger of Gold Star Inc. on August 15 of last year: $3,060,000 Common Stock, $45 par Paid-in Capital from Sales of Treasury Stock Paid-in Capital in Excess of Par-Common Stock Retained Earnings Treasury Stock 115,000 272,000 20,553,000 324,000 Required Prepare the Stockholders' Equity section of the balance sheet as of August 31 using method I of Exhibit 8, (p 646) in your text. Eighty thousand shares of common stock are authorized, and 9,000 shares have been reacquired. Bungy Dive Inc. has 80,000 shares of $35 par common stock outstanding. On June 8, Bungy declared a 5% stock dividend to be issued August 12 to Stockholders of record on July 13. The market price of the stock was $63 per share on June 8. 4. Required: Journalize the entries required on June 8, July 13, and August 12 burchased for $90,000. The and is priced to sell for $125,000 d in the accounts of the new partner pp in th u the above. Jack and 3. The follow ing accounts and their balances are from the ledger of Gold Star Inc. on August 15 of last year: $3,060,000 Common Stock, $45 par Paid-in Capital from Sales of Treasury Stock Paid-in Capital in Excess of Par-Common Stock Retained Earnings Treasury Stock 115,000 272,000 20,553,000 324,000 Required Prepare the Stockholders' Equity section of the balance sheet as of August 31 using method I of Exhibit 8, (p 646) in your text. Eighty thousand shares of common stock are authorized, and 9,000 shares have been reacquired. Bungy Dive Inc. has 80,000 shares of $35 par common stock outstanding. On June 8, Bungy declared a 5% stock dividend to be issued August 12 to Stockholders of record on July 13. The market price of the stock was $63 per share on June 8. 4. Required: Journalize the entries required on June 8, July 13, and August 12