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Check Kinkald Co. was incorporated at the beginning of this year and had a number of transactions. The following Journal entries impacted its stockholders' equity
Check 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, General Journal Debit Credit Canh 300,000 Common Stock, $25 Par Value 250,000 Paid-in Capital in Excess of Par Value, Connon Stock 50,000 Organization Expenses 150,000 Common Stock, $25 Par Value 125,000 Poid-in Capital in excess of Par Value, Common Stock 25,000 Cash 45.000 Accounts Receivable 15,000 Building 01,500 Notes Payable 59.500 Connon Stock, $25 Par Value 50.000 paid-In Capital in txcess of War Valve Common stock 30,000 d. Cash 120,000 Common stock, 825 Par Value 75,000 Pald-in Capital in Ten of var value, Connon stock 45.000 0. ences Required: 2. How many shares of common stock are outstanding at year-end? 3. What is the total pald.in capital at year end? 2 Number of outstanding the 3. Total paid in capital
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