Question

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 $594,000 Paid-In Capital from Sale of Treasury Stock 24,400 Paid-In Capital in Excess of Par—Common Stock 15,840 Retained Earnings 932,000 Treasury Stock 12,255 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 645 shares have been reacquired. Goodale Properties Inc. Stockholders' Equity June 30, 20XX Paid-In Capital: Common Stock, $45 Par (80,000 Shares Authorized, 13,200 Shares Issued) $ Excess over par Paid-in capital, common stock $ From Sale of Treasury Stock Total Paid-In Capital $ Retained Earnings Total $ Treasury Stock (645 Shares at Cost) Total Stockholders' Equity

Answer 1

Answer:6000

Step-by-step explanation:

Answer 2

Step-by-step explanation:

Particulars Amount

Common stock $15 par value 594,000

Paid-In Capital in Excess of Par—Common Stock 15,840

Total Paid-In Capital 609,840

From sale of Treasury stock 24,400

Add: Retained Earnings 932,000

Deduct: Treasury Stock (645 shares) 12,255

Total Stockholders' Equity 1,553,985