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, $45 par $3,060,000 Paid-In Capital from Sale of Treasury Stock 115,000 Paid-In Capital in Excess of Par—Common Stock 272,000 Retained Earnings 20,553,000 Treasury Stock 324,000 Prepare the Stockholders’ Equity section of the balance sheet as of June 30 using Method 1 of Exhibit 8. Eighty thousand shares of common stock are authorized, and 9,000 shares have been reacquired.
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, $45 par $3,060,000 Paid-In Capital from Sale of Treasury Stock 115,000 Paid-In Capital in Excess of Par—Common Stock 272,000 Retained Earnings 20,553,000 Treasury Stock 324,000 Prepare the Stockholders’ Equity section of the balance sheet as of June 30 using Method 1 of Exhibit 8. Eighty thousand shares of common stock are authorized, and 9,000 shares have been reacquired.
Financial And Managerial Accounting
15th Edition
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter12: Corporations: Organization, Stock Transactions, And Dividends
Section: Chapter Questions
Problem 18E: Stockholders' Equity section of balance sheet The following accounts and their balances appear in...
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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 current year:
| Common Stock, $45 par | $3,060,000 |
| Paid-In Capital from Sale of |
115,000 |
| Paid-In Capital in Excess of Par—Common Stock | 272,000 |
| 20,553,000 | |
| Treasury Stock | 324,000 |
Prepare the Stockholders’ Equity section of the balance sheet as of June 30 using Method 1 of Exhibit 8. Eighty thousand shares of common stock are authorized, and 9,000 shares have been reacquired.
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