Question
Kinkaid Company was incorporated at the beginning of this year and had a number of transactions. The following journal entries impacted its stockholders' equity
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 General Journal Debit Credit Cash 270,000 Common Stock, $25 Par Value 245,808 Paid-In Capital in Excess of Par Value, Common Stock Organization Expenses 25,000 178,808 Common Stock, $25 Par Value 125,000 Paid-In Capital in Excess of Par Value, Common Stock 45,000 Cash Accounts Receivable 18.500 Building 82,500 Notes Payable 59,600 Common Stock, $25 Par value 156.400 Paid-In Capital in Excess of Par Value Core Stack 30,000 Cast 135,80 Common Stock, $25 Par Value Paid-in capital in excess of Par Value Cosson Stock 156. 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 ouanding ares Total paid-in capital
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