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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

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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 General Journal Debit Credit Cash 270,000 Common Stock, $25 Par Value 250,000 Paid-in Capital in Excess of Par Value, Common Stock 20,000 Organization Expenses 180,000 Common Stock, $25 Par Value 125,000 Paid-in Capital in Excess of Par Value, Common Stock 55,000 Canh 45,500 Accounts Receivable 17,000 Building 81,500 Notes Payable 60,000 Common Stock, $25 Par Value 54,000 Paid-in Capital in Excess of Par Value, Common Stock d. Cash 30,000 134,000 Common Stock, $25 Par Value Paid-in Capital in Excess of Par Value, Common Stock 78.000 56,000 Required: 2. How many shares of common stock are outstanding at year-end? 3. What is the total pald-in capital ot year-end? 2. Number of outstanding shares 3. Total paid-in capital

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