Kinkald Co. is incorporated at the beginning of this year and engages in a number of transactions. The following journal entries impacted its stockholders' equity during its first year of operations. Credit Debit 300,000 General Journal Cash Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 240,000 60,000 170,000 Organisation Expenses Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 128,000 42,000 45,000 16,500 81,900 Cash Accounts Receivable Building Notes Payable Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 59,700 53,700 30,000 d. 130,000 Cash Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 78,000 52.000 Required: 2. How many shares of common stock are outstanding at year-end? 3. What is the amount of minimum legal capital (based on par value) at year-end? 4. What is the total paid-in capital at year-end? 5. What is the book value per share of the common stock at year-end if total paid-in capital plus retained earnings equals $800,000 Complete this question by entering your answers in the tabs below. Reg 2 to 4 Reg 5 How many shares of common stock are outstanding at year-end? What is the amount of minimum legal capital (based on par value) at year-end? What is the total paid-in capital at year-end? Sarved +2 Credit Debit 300,000 a. General Journal Cash Common Stock, $25 Par Value Paid-In Capital in excess of Par Value, Common Stock 240,000 60,000 170,000 Organization Expenses Common Stock, $25 Par Value Paid-In Capital in excess of Par Value, Common Stock 128,000 42,000 45,000 16,500 81,900 Cash Accounts Receivable Building Notes Payable Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 59,700 53,700 30,000 d. 130,000 Cash Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 78,000 52,000 Required: 2. How many shares of common stock are outstanding at year-end? 3. What is the amount of minimum legal capital (based on par value) at year-end? 4. What is the total paid-in capital at year-end? 5. What is the book value per share of the common stock at year-end if total paid-in capital plus retained Complete this question by entering your answers in the tabs below. Req 2 to 4 Reg 5 How many shares of common stock are outstanding at year-end? What is the amount of minimum legal capit value) at year-end? What is the total paid in capital at year-end? 2. Number of outstanding shares 3. Minimum legal capital 19,988 683,700 $ 45,000 16,500 81,900 Accounts Receivable Building Notes Payable Common Stock, $25 Par Value Paid-Tn Capital in Excess of Par Value, Comon stock 59,700 53,700 30,000 130,000 Cash Coron stock, $25 Par Value Paid-In Capital in excess of Par Value, Common Stock 78,000 52,000 Required: 2. How many shares of common stock are outstanding at year-end? 3. What is the amount of minimum legal capital (based on par value) at year-end? 4. What is the total paid-in capital at year-end? 5. What is the book value per share of the common stock at year-end if total paid-in capital plus retained earnings equals $800,000? Complete this question by entering your answers in the tabs below. Req 2 to 4 Reg 5 What is the book value per share of the common stock at year-end if total paid-in capital plus retained earnings equals $800,000? Book Value per Common Share 1 Choose Denominator: Choose Numerator: Book Value per Common Share Book value per common share
