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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 Debit Credit
a. Cash 270,000
Common Stock, $25 Par Value 225,000
Paid-In Capital in Excess of Par Value, Common Stock 45,000
b. Organization Expenses 170,000
Common Stock, $25 Par Value 127,000
Paid-In Capital in Excess of Par Value, Common Stock 43,000
c. Cash 45,000
Accounts Receivable 19,500
Building 81,600
Notes Payable 60,000
Common Stock, $25 Par Value 56,100
Paid-In Capital in Excess of Par Value, Common Stock 30,000
d. Cash 130,000
Common Stock, $25 Par Value 76,000
Paid-In Capital in Excess of Par Value, Common Stock 54,000

2.How many shares of common stock are outstanding at year-end?

3.

What is the amount of minimum legal capital (based on par value) at year-end?

4.What is the total paid-in capital at year-end?

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