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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

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 $181,500
Paid-In Capital in Excess of Par 14,520
Paid-In Capital from Sale of Treasury Stock 7,800
Retained Earnings 300,000
Treasury Stock 11,305

Prepare the Stockholders' Equity section of the balance sheet as of June 30. Fifty thousand shares of common stock are authorized, and 595 shares have been reacquired.

Goodale Properties Inc.
Stockholders' Equity

June 30, 20XX

image text in transcribed

Paid-In Capital: Total Paid-In Capital Total Total Stockholders' Equity

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