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11-1A (Algo) Stockholders' equity transactions and analysis LO P1 Kinkaid Company was incorporated at the beginning of this year and had a number of transactions.
11-1A (Algo) Stockholders' equity transactions and analysis LO P1 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 Debit Credit Cash 280,000 Common Stock, $25 Par Value. 225,000 Paid-In Capital in Excess of Par Value, Common Stock Organization Expenses 55,000 160,000 Common Stock, $25 Par Value 127,000 Paid-In Capital in Excess of Par Value, Common Stock 33,000 Cash 45,000 Accounts Receivable. 19,500 Building 82,000 Notes Payable 59,900 Common Stock, $25 Par Value 56,600 Paid-In Capital in Excess of Par Value, Common Stock 30,000 Cash 139,000 Common Stock, $25 Par Value 77,000 Paid-In Capital in Excess of Par Value, Common Stock 62,000 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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