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Common stock, $44 par: 80,000 shares authorized, 68, 500 issued equals to $3,014,000. I am so LOST. Can someone help please. Stockholders' Equity section of
Common stock, $44 par: 80,000 shares authorized, 68, 500 issued equals to $3,014,000.
I am so LOST. Can someone help please.
Stockholders' Equity section of balance sheet Instructions The following accounts and their balances appear in the ledger of Goodale Properties Inc. on June 30 of the current year: 1 Common stock, $44 par; 80,000 shares authorized, 68,500 issued 2 Paid-In Capital from Sale of Treasury Stock 3 Paid-In Capital in Excess of Par-Common Stock 4 Retained Earnings 5 Treasury Stock $3,014,000.00 127,200.00 274,000.00 22,326,300.00 299,200.00 Prepare the Stockholders' Equity section of the balance sheet as of June 30. Eighty thousand shares of common stock are authorized, and 8,800 shares have been reacquired. Refer to the lists of Accounts and Amount Descriptions provided for the exact wording of the answer choices for text entries. \"Deduct\" will automatically appear if required. Accounts and Amount Descriptions Accounts and Amount Descriptions Common stock dividends Common stock, $44 par 80,000 shares authorized, 68,500 issued Excess of issue price over par From sale of treasury stock Increase in retained earnings Preferred stock dividends Retained earnings Total Total contributed capital Total paidin capital Total stockholders' equity Treasury stock 8,800 shares at cost Stockholders' Equity Prepare the Stockholders' Equity section of the balance sheet as of June 30. Eighty thousand shares of common stock are authorized, and 8,800 shares have been reacquired. Refer to the lists of Accounts and Amount Descriptions provided for the exact wording of the answer choices for text entries. \"Deduct\" will automatically appear if required. Score: 53/85 Goodale Properties Inc. Stockholders' Equity June 30, 20XX 1 Paid-in capital: 2 Common stock, $44 par; 80,000 shares authorized, 68,500 issued 3 From sale of treasury stock Excess of issue price over par 4 5 6 7 Total paid-in capital Retained earnings Total $3,014,000.00 8 Deduct treasury stock; 8,800 shares at cost 9 Total stockholders' equity Points: Feedback Check My Work List the accounts that are considered to be paidin capital and add their total to the retained earnings balance. 10.6 / 17Step by Step Solution
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