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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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