Kinkaid Co. was incorporated at the beginning of this year and had a number of transactions. The follow- ing journal entries impacted its stockholders' equity during its first year of operations.

a. b. C. d. Cash..... Common Stock, $25 Par Value.... Paid-In Capital in Excess of Par Value, Common Stock..... Organization Expenses Common Stock, $25 Par Value... Paid-In Capital in Excess of Par Value, Common Stock..... Cash ....... Accounts Receivable. Building. Notes Payable.. Common Stock, $25 Par Value... Paid-In Capital in Excess of Par Value, Common Stock..... Cash.. Common Stock, $25 Par Value...... Paid-In Capital in Excess of Par Value, Common Stock..... 300,000 150,000 43,000 15,000 81,500 120,000 250,000 50,000 125,000 25,000 59,500 50,000 30,000 75,000 45,000

Required 1. Explain the transaction(s) underlying each journal entry a through d. in notranet ontergle 2. How many shares of common stock are outstanding at year-end? det, posvellel sdy posinmo 3. What is the total paid-in capital at year-end?

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. Required 1. Explain the transaction(s) underlying each journal entry a through d. 2. How many shares of common stock are outstanding at year-end? 3. What is the total paid-in capital at year-end