Question

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 $450,000 Paid-In Capital from Sale of Treasury Stock Paldin Capital in Excess of Par-Common Stock 16,500 12,000 705,000 Retained Earnings Treasury Stod 9.310 Prepare the Stockholders' Equity section of the balance sheet as of June 30 using Method 1 of Ethibit Eighty thousand shares of common stick are authorized, and 490 shares have been reacquired Goodale Properties Inc. Stockholders' Equity June 30, 20XX Puis in a Total din Capital Total Stories out Basle Calculator

Answer 1

Stockholder's equity represent total capital contributed by owners and capital generated internally
Stockholder's equity section is shown below
Goodale Properties Inc
Stockholder's equity
June 30, 2XXX
Paid-in capital:
Common stock, $15 par (80,000 shares authorized, 7,510 shares issued)	$450,000
Excess of issue price over par	$12,000	$462,000
From sale of treasury stock		$18,500
Total paid-capital		$480,500
Retained earnings		$706,000
Total		$1,186,500
Less: Treasury stock		$9,310
Total stockholder's equity		$1,177,190