"Stockholders' Equity" Section of Balance Sheet The following accounts and their balances appear in the...
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Accounting
"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 | $232,500 |
| Paid-In Capital from Sale of Treasury Stock | 10,000 |
| Paid-In Capital in Excess of ParCommon Stock | 18,600 |
| Retained Earnings | 384,000 |
| Treasury Stock | 14,440 |
Prepare the "Stockholders' Equity" section of the balance sheet as of June 30. Fifty thousand shares of common stock are authorized, and 760 shares have been reacquired.
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