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The following accounts and their balances appear in the ledger of Goodale Properties Inc. on...

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Question

Accounting

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 $3,060,000.00
Paid-In Capital from Sale of Treasury Stock 115,000.00
Paid-In Capital in Excess of Par-Common Stock 272,000.00
Retained Earning 20,553,000.00
Treasury Stock 324,000.00

Accounts and Amount Descriptions

Common stock dividends
Common stock, $45 par; 80,000 shares authorized, 68,000 issued
Excess of issue price over par
From sale of treasury stock
Increase in retained earnings
Preferred stock dividends
Retained earnings
Total
Total contributed capital
Total paid-in capital
Total stockholders equity

Treasury stock; 9,000 shares at cost

Stockholders' Equity

paid in capital

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