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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
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 Paid-In Capital from Sale of Treasury Stock Paid-In Capital in Excess of Par-Common Stock Retained Earnings Treasury Stock $724,500 29,800 19,320 1,137,000 15,010 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 790 shares have been reacquired. Goodale Properties Inc. Stockholders' Equity June 30 Paid-In Capital: Common Stock, $45 Par (80,000 Shares Authorized, 16,100 Shares Issued) Common Stock, $45 Par (80,000 Shares Authorized, 16,100 Shares Issued) Total Paid-In Capital Total Stockholders' Equity
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