Question
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
"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:\ Line Item Description Amount\ Common Stock, $15 par $150,000\ Paid-In Capital from Sale of Treasury Stock 6,500\ Paid-In Capital in Excess of ParCommon Stock 12,000\ Retained Earnings 248,000\ Treasury Stock 9,310\ \ Prepare the "Stockholders' Equity" section of the balance sheet as of June 30. Regarding the common stock, 50,000 shares are authorized, and 490 shares have been reacquired.\ Goodale Properties Inc.\ Stockholders' Equity\ June 30, 20XX\ Line Item Description Amount Amount Amount\ Paid-In Capital: \ \ $Common Stock, $15 Par (50,000 Shares Authorized, 10,000 Shares Issued) \ \ Common Stock, $15 Par (40,000 Shares Authorized, 18,000 Shares Issued) \ \ $Paid-in capital, common stock \ \ Retained Earnings \ Total Paid-In Capital $Total Paid-In Capital\ \ Treasury Stock (490 Shares at Cost)\ Total $Total\ \ - Select-\ Total Stockholders' Equity $Total Stockholders' Equity
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