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Debit Cash Kinkaid Company was incorporated at the beginning of this year and had a number of transactions. The following journal entr impacted its stockholders'
Debit Cash Kinkaid Company was incorporated at the beginning of this year and had a number of transactions. The following journal entr impacted its stockholders' equity during its first year of operations. Transaction General Journal Credit Cash 290,000 Common Stock, $25 Par Value 250,080 Paid-In Capital in Excess of Par Value, Common Stock 40,000 Organization Expenses 160,000 Common Stock, $25 Par Value 125,000 Paid-In Capital in Excess of Par Value, Common Stock 35,000 44,500 Accounts Receivable 16,500 Building 82,100 Notes Payable 59,500 Common Stock, $25 Par Value 53,600 Paid-In Capital in Excess of Par Value, Common Stock 30,000 Cash 136,000 Common Stock, $25 Par Value 80,000 Paid-In Capital in Excess of Par Value, Common Stock 56,000 Required: 2. How many shares of common stock are outstanding at year-end? 3. What is the total pold-in capital at year-end? 2. Number of outstanding shares 3. Total paid-in capital ^
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