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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
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.
tableTransactionGeneral Journal,,Debit,CreditaCash,,Common Stock, $ Par value,,,PaidIn Capital in Excess of Par Value,,Common Stock,,bOrganization Expenses,,Common Stock, $ Par Value,,,PaidIn Capital in Excess of Par Value,,Common Stock,,cCash,,Accounts Receivable,,Building,,Notes Payable,,,Common Stock, $ Par Value,,,dtablePaidIn Capital in Excess of Par Value,CashCommon Stock,tableCommon Stock, $ Par ValuePaidIn Capital in Excess of Par Value,Common Stock,,table
Required:
How many shares of common stock are outstanding at yearend?
What is the total paidin capital at yearend?
Number of outstanding shares
Total paidin capital
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.
tableTransactionGeneral Journal,Debit,CreditaCash,Common Stock, $ Par Value,,PaidIn Capital in Excess of Par Value, Common Stock,,bOrganization Expenses,Common Stock, $ Par Value,PaidIn Capital in Excess of Par Value, Common Stock,,cCash,Accounts Receivable,Building,tableCommon Stock, $ Par ValuePaidIn Capital in Excess of Par Value, Common StockdtablePaidIn Capital in Excess of Par Value, Common StockCashtableCashCommon Stock, $ Par ValuetableCommon Stock, $ Par ValuePaidIn Capital in Excess of Par Value, Common Stocktable
Required:
How many shares of common stock are outstanding at yearend?
What is the total paidin capital at yearend?
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