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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, General Journal Debit Credit Cash 300,000 Common Stock, $25 Par Value 235,000 Paid-In Capital in Excess of Par Value, Common Stock 65,000 b. Organisation Expenses 200,000 Common Stock, $25 Par Value 126,000 Paid-In Capital in Excess of Par Value, Common Stock 74,000 Cash 44,000 Accounts Receivable 19,500 Building 82,000 Notes Payable 59,600 Common Stock, $25 Par Value 55.900 Paid-In Capital in Excess of Par Value, Common Stock 30.000 d Cash 131,000 Connon Stock, $25 Par Value 80,000 Paid-In Capital in Excess of Par Value, Common Stock 51,000 Required: 2. How many shares of common stock are outstanding at year-end? 3. What is the total paid.in capital ot year-end? 2 Number of outstanding shares 3. Total paid in capital
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