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Posted: January 29th, 2023

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

The following accounts and their balances appear in the ledger of Goodale Properties Inc. on June 30 of the current year:Common Stock, $45 par ................................................$ 3,060,000Paid-In Capital from Sale of Treasury Stock . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .115,000Paid-In Capital in Excess of Par—Common Stock .........................272,000Retained Earnings ......................................................20,553,000Treasury Stock ..........................................................324,000Prepare the Stockholders’ Equity section of the balance sheet as of June 30. Eighty thou- sand shares of common stock are authorized, and 9,000 shares have been reacquired.

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