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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 290,000 a. General Journal Cash Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 235,000 55,000 b. 160,000 Organization Expenses Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 129,000 31,000 C. 45,500 19,000 81,700 Cash Accounts Receivable Building Notes Payable Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 59,600 56,600 30,000 140,000 d. Cash Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 77,000 63,000 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 $782,000? 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 $782,000? 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 Total paid-in capital 3 Req 4 > 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 $782,000? Complete this question by entering your answers in the tabs below. Reg 2 and 3 Reg 4 What is the book value per share of the common stock at year-end if total paid-in capital plus retained earnings equals $782,000? Book Value per Common Share Choose Numerator: 1 Choose Denominator: Book Value per Common Share Book value per common share =
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