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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 $262,500
Paid-In Capital from Sale of Treasury Stock 11,300
Paid-In Capital in Excess of ParCommon Stock 21,000
Retained Earnings 433,000
Treasury Stock 16,340

Prepare the "Stockholders' Equity" section of the balance sheet as of June 30. Fifty thousand shares of common stock are authorized, and 860 shares have been reacquired.

Goodale Properties Inc. Stockholders' Equity June 30, 20XX
Paid-In Capital:

Cash

Common Stock, $15 Par (50,000 Shares Authorized, 17,500 Shares Issued)

From Sale of Treasury Stock

Retained Earnings

Treasury Stock (860 Shares at Cost)

$- Select -

Cash

Common Stock, $15 Par (40,000 Shares Authorized, 18,000 Shares Issued)

Excess of Issue Price Over Par

Retained Earnings

Treasury Stock (860 Shares at Cost)

- Select -

Cash

Common Stock, $15 Par (40,000 Shares Authorized, 18,000 Shares Issued)

Excess of Issue Price Over Par

Paid-in capital, common stock

Treasury Stock (860 Shares at Cost)

$- Select -

Cash

Common stock, $15 par (40,000 Shares Authorized, 18,000 Shares Issued)

From Sale of Treasury Stock

Retained Earnings

Treasury Stock (860 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 Par

From Sale of Treasury Stock

Retained Earnings

Treasury Stock (860 Shares at Cost)

- Select -
Total $fill in the blank 12

Cash

Common Stock, $15 Par (40,000 Shares Authorized, 18,000 Shares Issued)

Excess of Issue Price Over Par

Retained Earnings

Treasury Stock (860 Shares at Cost)

- Select -
Total Stockholders' Equity $fill in the blank 15

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