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Stockholders' Equity Section of Balance Sheet The following accounts and their balances appear in the ledger...

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 $792,000
Paid-In Capital from Sale of Treasury Stock 32,500
Paid-In Capital in Excess of Par—Common Stock 21,120
Retained Earnings 1,243,000
Treasury Stock 16,340

Prepare the Stockholders’ Equity section of the balance sheet as of June 30 using Method 1 of Exhibit 8. Eighty thousand shares of common stockare authorized, and 860 shares have been reacquired.

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

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Expert Solution

Google Properties Inc.
Stockholder's Equity
June 30, 20XX
Paid in capital
Common stock 15 par (80000 shares authorized, 52800 shares issued $               7,92,000
paid in capital in excess of par- common stock $                   21,120 $             8,13,120
Paid in capital from sale of traesury stock $                32,500
Total Paid in capital $             8,45,620
Retained Earning $          12,43,000
Total $          20,88,620
Less: treasury stock (860 shares at cost) $               -16,340
Total stockholder's equity $              20,72,280

ekkarill92 answered 1 year ago
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