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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 310,000 a. 1.66 points General Journal Cash Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 235,000 75,000 b. 180,000 Book Organization Expenses Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 127,000 53,000 43,500 19.000 82.900 Cash Accounts Receivable Building Notes Payable Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 59,700 55,700 30,000 138,000 Cash Common stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 76,000 62,000 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 $784,000? Complete this question by entering your answers in the tabs below. Req 2 and 3 Reg 4 Required: 2. How many shares of common stock are outstanding at year 3. What is the total paid-in capital at year-end? 4. What is the book value per share of the common stock at ye ok t Complete this question by entering your answers in the Req 2 and 3 Reg 4 How many shares of common stock are outstanding at year-end? 2. Number of outstanding shares Total paid-in capital 3.
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