Cabot Corporation negotiated several stock transactions for its expansion. The following journal entries impacted its stockholders' equity during its first year of operations. Copy these journal entries to Project "file part" Attachment 2. Remember to change "Organization Expenses" to "Operating" or "Nonoperating" expenses as appropriate. General Journal Debit Credit a. Cash 270,000 Common Stock, $25 Par Value 235,000 Paid-In Capital in Excess of Par Value, Common Stock 35,000 b. Organization Expenses 160,000 Common Stock,, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock Cash 44,000 Accounts Receivable 17,500 Building 82,900 Long-term Notes Payable Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock d. Cash 130,000 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 after all the above transactions? 3. What is the total paid-in capital after all the transactions? 2. Number of outstanding shares 3. Total paid-in capital C. 126,000 34,000 59,700 54,700 30,000 78,000 52,000 Exercise 6-14 (Algo) Bank reconciliation LO P3 Cabot Corporation's cash account shows a $29,100 debit balance and its bank statement shows $27,400 on deposit at the close of business on December 31 of year 2. a. The December 31 bank statement lists $180 in bank service charges; the company has not yet recorded the cost of these services. b. Outstanding checks as of December 31 total $6,400. c. December 31 cash receipts of $7,000 were placed in the bank's night depository after banking hours and were not recorded on the December 31 bank statement. d. In reviewing the bank statement, a $480 check written by Smith Company was mistakenly drawn against Cabot's account. e. The bank statement shows a $440 NSF check from a customer; the company has not yet recorded this NSF check. Prepare its bank reconciliation using the above information. WRIGHT COMPANY Bank Reconciliation May 31 Bank statement balance i Add: 0 Deduct Adjusted bank balance $ 0 0 Book balance Add: Deduct: 0 0 Adjusted book balance $ 0 0