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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 $477,000
Paid-In Capital from Sale of Treasury Stock 19,600
Paid-In Capital in Excess of ParCommon Stock 12,720
Retained Earnings 749,000
Treasury Stock 9,880

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 520 shares have been reacquired.

Goodale Properties Inc.
Stockholders' Equity
June 30, 20XX
Paid-In Capital:
Common Stock, $45 Par (80,000 Shares Authorized, 10,600 Shares Issued) $fill in the blank 2
Excess over par fill in the blank 4
Paid-in capital, common stock $fill in the blank 6
Treasury Stock (520 Shares at Cost) fill in the blank 8
Total Paid-In Capital $fill in the blank 9
Retained Earnings fill in the blank 11
Total $fill in the blank 12
Treasury Stock (520 Shares at Cost) fill in the blank 14
Total Stockholders' Equity $fill in the blank 15

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