The following accounts and their balances appear in the ledger of Goodale Properties Inc. on June 30 of the current year:

1	Common stock, $47 par; 80,000 shares authorized, 65,400 issued	$3,073,800.00
2	Paid-In Capital from Sale of Treasury Stock	119,000.00
3	Paid-In Capital in Excess of Par-Common Stock	261,600.00
4	Retained Earnings	19,185,100.00
5	Treasury Stock	326,800.00

Instructions

Prepare the Stockholders Equity section of the balance sheet as of June 30. Eighty thousand shares of common stock are authorized, and 8,600 shares have been reacquired. Refer to the lists of Accounts and Amount Descriptions provided for the exact wording of the answer choices for text entries. Deduct will automatically appear if required.

Accounts and Amount Descriptions

Common stock dividends

Common stock, $47 par; 80,000 shares authorized, 65,400 issued

Excess of issue price over par

From sale of treasury stock

Increase in retained earnings

Preferred stock dividends

Retained earnings

Total

Total contributed capital

Total paid-in capital

Total stockholders equity

Treasury stock; 8,600 shares at cost

Prepare the Stockholders Equity section of the balance sheet as of June 30. Eighty thousand shares of common stock are authorized, and 8,600 shares have been reacquired. Refer to the lists of Accounts and Amount Descriptions provided for the exact wording of the answer choices for text entries. Deduct will automatically appear if required.

Stockholders Equity

Prepare the Stockholders Equity section of the balance sheet as of June 30. Eighty thousand shares of common stock are authorized, and 8,600 shares have been reacquired. Refer to the lists of Accounts and Amount Descriptions provided for the exact wording of the answer choices for text entries. Deduct will automatically appear if required.

Goodale Properties Inc.

Stockholders Equity

June 30, 20XX

1	Paid-in capital:
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