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how many shares of common stock are outstanding at year end? C. Kinkald Company was incorporated at the beginning of this year and had a
how many shares of common stock are outstanding at year end?
C. Kinkald Company 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, Transaction General Journal Debit Credit Cash 270,000 Common Stock, $25 Par Value 230,000 Paid In Capital in excess of Par Value, Common Stock 40,000 b. Organization Expenses 150,000 Common Stock, $25 Par Value 127,000 Paid-in capital in excess of Par Value, Common Stock 23,000 Cash 43,500 Accounts Receivable 17.500 Building 81,800 Notes Payable 59,800 Conton Stock, $25 Par Value 53,000 Pald-In Capital in Excess of par value, Common Stock 30,000 Cash 123,000 Connon Stock, $25 Par Value 75,000 Paid-In Capital in excess of Par Value, Connon Stock 411,000 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 shares 3 Total paid in capital Step by Step Solution
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