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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 | $232,500 |
Paid-In Capital from Sale of Treasury Stock | 10,000 |
Paid-In Capital in Excess of ParCommon Stock | 18,600 |
Retained Earnings | 384,000 |
Treasury Stock | 14,440 |
Prepare the "Stockholders' Equity" section of the balance sheet as of June 30. Fifty thousand shares of common stock are authorized, and 760 shares have been reacquired.
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