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Kinkaid Company was incorporated at the beginning of this year and had a number of transactions. The following journalentries impacted its stockholders' equity during its
Kinkaid Company was incorporated at the beginning of this year and had a number of transactions. The following journalentries impacted its stockholders' equity during its first year of operations.Transactiona General Journalb.dCashCommon Stock, $ Par ValuePaidIn Capital in Excess of Par Value, Common StockOrganization ExpensesCommon Stock, $ Par ValueCashAccounts ReceivableBuildingNotes PayableCommon Stock, $ Par ValuePaidIn Capital in Excess of Par Value, Common StockCommon Stock, $ Par ValuePaidIn Capital in Excess of Par Value, Common StockDebitCreditRequired: How many shares of common stock are outstanding at year end? What is the total paidin capital at yearend?
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