General Journal	Debit	Credit
a.	Cash	280,000
	Common Stock, $25 Par Value		235,000
	Paid-In Capital in Excess of Par Value, Common Stock		45,000
b.	Organization Expenses	190,000
	Common Stock, $25 Par Value		125,000
	Paid-In Capital in Excess of Par Value, Common Stock		65,000
c.	Cash	45,000
	Accounts Receivable	17,000
	Building	82,500
	Notes Payable		59,900
	Common Stock, $25 Par Value		54,600
	Paid-In Capital in Excess of Par Value, Common Stock		30,000
d.	Cash	149,000
	Common Stock, $25 Par Value		77,000
	Paid-In Capital in Excess of Par Value, Common Stock		72,000

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 $781,000?

How many shares of common stock are outstanding at year-end? What is the total paid-in capital at year-end?

2.	Number of outstanding shares
3.	Total paid-in capital

What is the book value per share of the common stock at year-end if total paid-in capital plus retained earnings equals $781,000?

Book Value per Common Share
Choose Numerator:	/	Choose Denominator:	=	Book Value per Common Share
	/		=	Book value per common share
	/		=