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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,,ctablePaidIn Capital in Excess of Par Value, Common StockCashAccounts Receivable,tableBuilding,Notes, Payable,,Common Stock, $ Par Value,,dtablePaidIn Capital in Excess of Par Value, Common StockCashtableCommon 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?
table Number of outstanding shares, Total paidin capital,
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