Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Help Save & Exit Sulin Check my work Problem 13-1A Stockholders' equity transactions and analysis LO P1, A4 Kinkald Co was incorporated at the beginning

image text in transcribed
image text in transcribed
image text in transcribed
Help Save & Exit Sulin Check my work Problem 13-1A Stockholders' equity transactions and analysis LO P1, A4 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 Cash 300,000 Common stock, 925 Par Value 245.000 Paid-In Capital in Excess of Par Value, Common Stock 55,000 b. Organization Expenses 160,000 Common stock, $25 Par Value 126,000 Paid-In Capital in Excess of Par Value, Common Stock 34,000 45,000 19.000 82,300 Cash Accounts Receivable Building Noyes Payable Colon Stock 525 Par Value Paldin Capital in Excess of Par Value, Common Stock 59,600 56,700 30,000 d. 144,000 Cash Con stock, 525 Par Value Duid-In Capital in Excess of Par Value, Conmon Stock 80,000 64.000 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 pald-in capital plus retained earnings equals $786.000? Complete this question by entering your answers in the tabs below. Reg 2 and a Reg 4 64,000 0425 Required: 2. How many shares of common stock are outstanding at year-end? 3. What is the total pald-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 $786,0007 Book Complete this question by entering your answers in the tabs below. Reg 2 and 3 Reg4 References How many shares of common stock are outstanding at year end? What is the total poid-in capital at year-end? 2 Number of outstanding shares 3. Total paldin capital Reg4 2. How many shares of common stock are outstanding at year-end? 3. What is the total pald-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 $786,000? Complete this question by entering your answers in the tabs below. Reg 2 and a Reg 4 ancos What in the book value per share of the common stock at year end if total paid in capital plus retained earnings equals $786,000? Choose Numator Stockholders' equity applicable to common shares flook Valueet Connon ha Choose anominator: Number of common shares outstanding Book Value per Common Share Hook vale per common share 1

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions