"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 $162,000 7,000 12,960 267,000 Retained Earnings Treasury Stock 10,070 Prepare the "Stockholders' Equity" section of the balance sheet as of June 30. Regarding the common stock, 50,000 shares are authorized, and 530 shares have been reacquired. Goodale Properties Inc. Stockholders' Equity June 30, 20xx Paid-In Capital: Line Item Description: Common Stock $15 Par (50,000 Shares Authorized, 10,800 Shares Issued) Excess of Issue Price Over Par Treasury Stock (530 Shares at Cost) Retained Earnings Total Paid-In Capital Retained Earnings Total Treasury Stock (530 Shares at Cost) Total Stockholders' Equity Amount Amount Amount 162,000 12,960 100000 Previous Next