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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
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 General Journal Credit Debit 260,000 a. Cash Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 225,000 35,000 b. Organization Expenses 170,000 Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 129,000 41,000 C. Cash Accounts Receivable Building 46,000 15,500 82,800 Notes Payable Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 59,600 54,700 30,000 d. Cash 139,000 Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 78,000 61,000 Required: 2. & 3. How many shares of common stock are outstanding at year-end? 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 $783,000? Complete this question by entering your answers in the tabs below. Req 2 and 3 Req 4 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 Req 4 > 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. Debit 260,000 General Journal Credit a. Cash Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Conmon Stock 225,000 35, 000 170,000 Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 129,000 41,000 46,000 15,500 82,800 59,600 c. Cash Accounts Receivable Building Notes Payable Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 54,700 30,000 d. Cash 139,000 Common sStock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 78,000 61,000 Required: How many shares of common stock are outstanding at year-end? What is the total paid-in c apital at year-end? 4. What is the book valu e per share of the common stock at year-end if total paid-in capital plus retained earnings equals $783,000? Complete this question by entering your answers in the tabs below Req 2 and 3Req 4 What is the book value per share of the common stock at year-end if total paid-in capital plus retained earnings equals $783,000? Book Value per Common Share Choose Denominator: Choose Numerator: Book Value per Common Share Book value per common share
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