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23 a. 11 7 Kinkaid Co. was incorporated at the beginning of this year and had a number of transactions. The following journal entries Impacted

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23 a. 11 7 Kinkaid Co. 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. General Journal Debit Cash 280,000 Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock b. Organization Expenses 200.000 Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock C. Cash 45,500 Accounts Receivable 16,500 Building 82,200 Notes Payable Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock d. Cash 126,000 Common Stock, $25 Par Value Paid-In Capital in excess of Par Value, Common Stock - 4 Required: 2. How many shares of common stock are outstanding at year-end? 3. 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 $798,000? Complete this question by entering your answers in the tabs below. Req 2 and 3 Reg 4 How many shares of common stock are outstanding at year-end? What is the total paid-in ca 2 Number of outstanding shares Total paid-in capital 3. Kinkald Co. 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. Debit 280.000 23 200,000 22 b. General Journal Cash Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock Organization Expenses Common Stock, $25 Par Value Paid-In Capital in excess of Par Value, Common Stock Cash Accounts Receivable Building Notes Payable Common Stock, $25 Par Value Paid-In Capital in Excess of Par value, Common Stock 45,500 16,500 82,200 C. IR 126.000 E 2 d. Cash Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock Required: 2. How many shares of common stock are outstanding at year-end? 3. 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 $798,000? Complete this question by entering your answers in the tabs below. Req 2 and 3 Req 4 What is the book value per share of the common stock at year-end if total paid-in capital plus Book Value per Common Share Choose Denominator: Choose Numerator: 1 Fee Kinkald Co. 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. Debit 280.000 23 200,000 22 b. General Journal Cash Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock Organization Expenses Common Stock, $25 Par Value Paid-In Capital in excess of Par Value, Common Stock Cash Accounts Receivable Building Notes Payable Common Stock, $25 Par Value Paid-In Capital in Excess of Par value, Common Stock 45,500 16,500 82,200 C. IR 126.000 E 2 d. Cash Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock Required: 2. How many shares of common stock are outstanding at year-end? 3. 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 $798,000? Complete this question by entering your answers in the tabs below. Req 2 and 3 Req 4 What is the book value per share of the common stock at year-end if total paid-in capital plus Book Value per Common Share Choose Denominator: Choose Numerator: 1 Fee

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