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. General Journal Cash Debit 300,000 Credit Common Stock, $25 Par Value 245,000 Paid-In Capital in Excess of Par Value, Common Stock 55,000 b. Organization Expenses 180,000 Common Stock, $25 Par Value 127,000 Paid-In Capital in Excess of Par Value, Common Stock 53,000 c. Cash 43,500 Accounts Receivable 15,500 Building 82,500 Notes Payable 59,700 Common Stock, $25 Par Value $1,800 Paid-In Capital in Excess of Par Value, Common Stock 30,000 d. Cash 144,000 Common Stock, $25 Par Value 79,000 Paid-In Capital in Excess of Par Value, Common Stock 65,000