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Kinkaid Company was incorporated at the beginning of this year and had a number of transactions. The following journal entries impacted its stockholders' equity

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Kinkaid Company 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. Transaction. a. General Journal Debit Credit Cash 290,000 Common Stock, $25 Par Value 225,000 b. Paid-In Capital in Excess of Par Value, Common Stock Organization Expenses 65,000 170,000 Common Stock, $25 Par Value 125,000 Paid-In Capital in Excess of Par Value, Common Stock 45,000 Cash 45,500 Accounts Receivable 18,000 Building 81,600 Notes Payable 59,600 Common Stock, $25 Par Value 55,500 Paid-In Capital in Excess of Par Value, Common Stock 30,000 Cash 130,000 Common Stock, $25 Par Value 76,000 Paid-In Capital in Excess of Par Value, Common Stock 54,000 Required: 2. How many shares of common stock are outstanding at year-end? 3. What is the total paid-in capital at year-end? 2. Number of outstanding shares 3. Total paid-in capital

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