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Check my wor Kinkaid Co. is incorporated at the beginning of this year and engages in a number of transactions. The following journal entries impacted
Check my wor Kinkaid Co. is incorporated at the beginning of this year and engages in a number of transactions. The following journal entries impacted its stockholders' equity during its first year of operations. a. Credit 290,000 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 245,000 45,000 b. 180,000 127,000 53,000 c. 44,000 17,000 82,900 Cash Accounts Receivable Building Notes Payable Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 59,500 54,400 30,000 d. 131,000 Cash Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 79,000 52,000 Check my work 2. How many shares of common stock are outstanding at year-end? 3. What is the amount of minimum legal capital (based on par value) at year-end? 4. What is the total paid-in capital at year-end? 5. What is the book value per share of the common stock at year-end if total paid-in capital plus retained earnings equals $790.000? Complete this question by entering your answers in the tabs below. Req 2 to 4 Req 5 How many shares of common stock are outstanding at year-end? What is the amount of minimum legal capital (based on pal value) at year-end? What is the total paid-in capital at year-end? 2. 3. Number of outstanding shares Minimum legal capital Total paid-in capital 4. e Prev 2 of 8 # Next > Complete this question by entering your answers in the tabs below. Red 2 to 4 R5 What is the book value per share of the common stock at year-end I total paid-in capital plus retained earnings equals $790.0007 Book Value per Common Share Choose Denominator Choose Book Value pene Book value per common share (Reg 2 to 4
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