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1 Kinkaid Co. is incorporated at the beginning of this year and engages in a number of transactions. The following journal entries impacted its stockholders'
1 Kinkaid Co. is incorporated at the beginning of this year and engages in a number of transactions. The following journal entries impacted its stockholders' equity during its first year of operations. Credit Debit 300,000 a. General Journal Cash Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 225,000 75,000 eBook b. 170,000 Organization Expenses Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 126,000 44,000 44,500 18,500 82,200 Cash Accounts Receivable Building Notes Payable Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 59,700 55,500 30,000 d. 148,000 Cash Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 76,000 72,000 Required: 2. & 3. How many shares of common stock are outstanding at year-end? What is the total paid-in capital at year-end? 4. What is the book value per share of the common stock at year-end if total paid-in capital plus retained earnings equals $786,000? Complete this question by entering your answers in the tabs below. Reg 2 and 3 Reg 4 How many shares of common stock are outstanding at year-end? What is the total paid-in capital at year-end? 2. Number of outstanding shares Total paid-in capital 3. 1 Kinkaid Co. is incorporated at the beginning of this year and engages in a number of transactions. The following journal entries impacted its stockholders' equity during its first year of operations. Debit Credit General Journal Cash Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 300,000 225,000 75,000 eBook b. 170,000 Organization Expenses Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 126,000 44,000 44,500 18,500 82,200 Cash Accounts Receivable Building Notes Payable Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 59,700 55,500 30,000 d. 148,000 Cash Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 76,000 72,000 Required: 2. & 3. How many shares of common stock are outstanding at year-end? What is the total paid-in capital at year-end? 4. What is the book value per share of the common stock at year-end if total paid-in capital plus retained earnings equals $786,000? Complete this question by entering your answers in the tabs below. Reg 2 and 3 Reg 4 What is the book value per share of the common stock at year-end if total paid-in capital plus retained earnings equals $786,000? Book Value per Common Share 1 Choose Denominator: Choose Numerator: Book Value per Common Share Book value per common share = =
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