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Kinkaid Co. was incorporated at the beginning of this year and had a number of transactions. The following journal entries impacted its stockholders' equity during
Kinkaid 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. Credit Debit 300,000 a. General Journal Cash Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 250,000 50,000 b. 150,000 Organization Expenses Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 125,000 25,000 C. 43,000 15,000 81,500 Cash Accounts Receivable Building Notes Payable Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 59,500 50,000 30,000 d. 120,000 Cash Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 75,000 45,000 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 $695,000? Complete this question by entering your answers in the tabs below. s Req 2 and 3 Reg 4 How many shares of common stock are outstanding year-end? What is the total paid-in capital at year-end? 2. Number of outstanding shares Total paid-in capital 3. What is the book value per share of the common stock at year-end if total paid-in capital plus retained earnings equals $695,000? Book Value per Common Share 1 Choose Denominator: Choose Numerator: Book Value per Common Share Book value per common share 1 1
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