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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. Debit 260,000 Credit a. General Journal Cash Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 225,000 35,000 b. 200,000 Organization Expenses Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 129,000 71,000 C. 44,500 16,000 81,900 Cash Accounts Receivable Building Notes Payable Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 59,700 52,700 30,000 d. 125,000 Cash Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 76,000 49,000 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 $794,000? Complete this question by entering your answers in the tabs below. Req 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 $794,000? Book Value per Common Share Choose Denominator: Choose Numerator: Book Value per Common Share Book value per common share = = 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 General Journal Cash Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock Debit 260,000 a 225,000 35,000 b. 200,000 Organization Expenses Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 129,000 71,000 Cash 44,500 16,000 81,900 Accounts Receivable Building Notes Payable Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 59,700 52,700 30,000 d. 125,000 Cash Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 76,000 49,000 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 $794,000? Complete this question by entering your answers in the tabs below. Req 2 and 3 Req 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
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