Question

con o nce sheet The following accounts and the balances appear in the edge of Good Properties inc on June 30 of the current year Common Stock 515 par $570,500 Paid-in Capital from Sale of Treasury Stock 27.500 Paid-In Capital in Excess of Par-Common Stock 17.80 Retained Earnings 1,052,000 Treasury Stock 13,870 Prepare the Stockholders' Equity section of the balance sheet as of June using Method 1 of the tighty thousand shares of common stock are authorized, and 730 shares have been reacquired Goodale Properties Inc Stockholders' Equity June 30, 20XX Pald-in Capital Total Paldin Capital Stockholders' touty

Answer 1

Goodale Properties Inc. Stockholders' Equity June 30, 20XX :
Paid in capital:
Common stock, $15 par, 80,000 authorised shares. 44,700 issued shares	$670,500
Excess of par - Common stock	17,880
		$688,380
Sale of treasury stock		27,500
Total paid in capital		715,880
Retained earnings		1,052,000
Total		1,767,880
Less: Treasury stock, 730 shares		(13,870)
Total stockholders' Equity		$1,754,010