"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 $162,000 Paid-In Capital from Sale of Treasury Stock Paid-In Capital in Excess of Par-Common Stock Retained Earnings Treasury Stock 7,000 12,960 267,000 Prepare the "Stockholders' Equity" section of the balance sheet as of June 30. Regarding the common stock, 50,000 shares are authorized and 530 shares have been reacquired. From Sale of Treasury Stock 10,070- Line Item Description: Goodale Properties Inc. Stockholders' Equity June 30, 20XX Paid-In Capital: Common Stock, $15 Par (50,000 Shares Authorized, 10,800 Shares Issued) Excess of Issue Price Over Par Paid-in capital, common stock Amount 8 Amount Amount
"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 $162,000 Paid-In Capital from Sale of Treasury Stock Paid-In Capital in Excess of Par-Common Stock Retained Earnings Treasury Stock 7,000 12,960 267,000 Prepare the "Stockholders' Equity" section of the balance sheet as of June 30. Regarding the common stock, 50,000 shares are authorized and 530 shares have been reacquired. From Sale of Treasury Stock 10,070- Line Item Description: Goodale Properties Inc. Stockholders' Equity June 30, 20XX Paid-In Capital: Common Stock, $15 Par (50,000 Shares Authorized, 10,800 Shares Issued) Excess of Issue Price Over Par Paid-in capital, common stock Amount 8 Amount Amount
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:"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
Paid-In Capital from Sale of Treasury Stock
Paid-In Capital in Excess of Par-Common Stock
Retained Earnings
Treasury Stock
Prepare the "Stockholders' Equity" section of the balance sheet as of June 30. Regarding the common stock, 50,000 shares are authorized
and 530 shares have been reacquired.
$162,000
7,000
12,960
267,000
Line Item Description
Paid-in capital, common stock
From Sale of Treasury Stock
10,070-
Goodale Properties Inc.
Stockholders' Equity
June 30, 20XX
Pald-In Capital:
Common Stock, $15 Par (50,000 Shares Authorized, 10,800 Shares Issued)
Excess of Issue Price Over Par
Amount
Amount Amount
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