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 Debit Credit a. Cash 380,890 Common Stock, $25 Par Value 230,806 Paid-In Capital in Excess of Par Value, Common Stock 70,800 b. Organization Expenses 180,806 Common Stock, $25 Par Value 125,006 Paid-In Capital in Excess of Par Value, Common Stock 55,606 C. Cash 44,500 Accounts Receivable 16.090 Building 81,909 Notes Payable 59,806 Common Stock, $25 Par Value 52,606 Paid-In Capital in Excess of Par Value, Common Stock 30,006 d. Cash 129,020 Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 77,090 52,606 Required: 2. How many shares of common stock are outstanding at year-end? 3. What Is the total pald-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 Reg 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 capita 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 Debit Credit Cash 300,800 Common Stock, $25 Par Value 230,806 Paid-In Capital in Excess of Par Value, Common Stock 70,080 Organization Expenses 180,800 Common Stock, $25 Par Value 125,009 Paid-In Capital in Excess of Par Value, Common Stock 55,800 C. Cash 44,500 Accounts Receivable Building 81,900 Notes Payable 59,808 Common Stock, $25 Par Value 52, 600 Paid-In Capital in Excess of Par Value, Common Stock 30.080 d. Cash Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 77,060 52,060 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 $783,000? Complete this question by entering your answers in the tabs below. Req 2 and 3 Req 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 Numerator: Choose Denominator: Book Value per Common Share = Book value per common share At September 30, the end of Belling Company's third quarter, the following stockholders' equity accounts are reported. Common stock, $10 par value $ 480,800 Paid-in capital in excess of par value, common stock 90,800 Retained earnings 380,800 In the fourth quarter, the following entries related to its equity are recorded. Date General Journal Debit Credit Oct. 2 Retained Earnings 60,800 Common Dividend Payable 60,800 Oct. 25 Common Dividend Payable 60,000 Cash 60, 806 Oct. 31 Retained Earnings 79,806 Common Stock Dividend Distributable 38,006 Paid-In Capital in Excess of Par Value, Common Stock 41,800 Nov. 5 Common Stock Dividend Distributable 38,908 Common Stock, $10 Par Value 38,800 Dec. 1 Meno-Change the title of the common stock account to reflect the new par value of $4. Dec. 31 Income Summary 270, 000 Retained Earnings 270, 060 Required: 2. Complete the following table showing the equity account balances at each Indicated date. Sep. 30 Beg. Bal. Oct. 2 Oct. 25 Oct. 31 Nov. 5 Dec. 1 Dec.31 Common stock $ 480.000 Common stock dividend distributable Paid-in capital in excess of par, common stock $ 90,000 Retained earnings 380,000 Total equity 950 000
