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1 Kinkaid Company was incorporated at the beginning of this year and had a number of transactions. The following journal entries impacted its stockholders' equity

1 Kinkaid Company was incorporated at the beginning of this year and had a number of transactions. The following journal entries impacted its stockholders' equity during its first year of operations. Transaction General Journal a. Cash Debit 300,000 Credit Common Stock, $25 Par Value 225,000 b. Paid-In Capital in Excess of Par Value, Common Stock Organization Expenses 75,000 170,000 Common Stock, $25 Par Value 126,000 Paid-In Capital in Excess of Par Value, Common Stock 44,000 C. Cash 45,000 Accounts Receivable 18,000 Building 82,100 Notes Payable 59,700 Common Stock, $25 Par Value 55,400 Paid-In Capital in Excess of Par Value, Common Stock 30,000 d. Cash 139,000 Common Stock, $25 Par Value 75,000 Paid-In Capital in Excess of Par Value, Common Stock 64,000 Required: 2. How many shares of common stock are outstanding at year-end? 3. What is the total paid-in capital at year-end? 2. Number of outstanding shares 3. Total paid-in capital

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