Question
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 | $177,000 |
Paid-In Capital from Sale of Treasury Stock | 7,600 |
Paid-In Capital in Excess of ParCommon Stock | 14,160 |
Retained Earnings | 292,000 |
Treasury Stock | 11,020 |
Prepare the "Stockholders' Equity" section of the balance sheet as of June 30. Fifty thousand shares of common stock are authorized, and 580 shares have been reacquired.
Paid-In Capital: | |||
CashCommon Stock, $15 Par (50,000 Shares Authorized, 11,800 Shares Issued)From Sale of Treasury StockRetained EarningsTreasury Stock (580 Shares at Cost) | $- Select - | ||
CashCommon Stock, $15 Par (40,000 Shares Authorized, 18,000 Shares Issued)Excess of Issue Price Over ParRetained EarningsTreasury Stock (580 Shares at Cost) | - Select - | ||
CashCommon Stock, $15 Par (40,000 Shares Authorized, 18,000 Shares Issued)Excess of Issue Price Over ParPaid-in capital, common stockTreasury Stock (580 Shares at Cost) | $- Select - | ||
CashCommon stock, $15 par (40,000 Shares Authorized, 18,000 Shares Issued)From Sale of Treasury StockRetained EarningsTreasury Stock (580 Shares at Cost) | - Select - | ||
Total Paid-In Capital | $fill in the blank 9 | ||
Common stock, $15 par (40,000 Shares Authorized, 18,000 Shares Issued)Excess of Issue Price Over ParFrom Sale of Treasury StockRetained EarningsTreasury Stock (580 Shares at Cost) | - Select - | ||
Total | $fill in the blank 12 | ||
CashCommon Stock, $15 Par (40,000 Shares Authorized, 18,000 Shares Issued)Excess of Issue Price Over ParRetained EarningsTreasury Stock (580 Shares at Cost) | - Select - | ||
Total Stockholders' Equity | $fill in the blank 15 |
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