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. General Journal Debit Credit Cash 310,000 Common Stock, $25 Par Value 230,00 Paid in Capital in Excess of Par Value, Common Stock 88,888 b. Organization Expenses 150,000 Common Stock, $25 Par Value 129,000 Paid-In Capital in excess of Par Value, Common Stock 21,800 C. Cash Accounts Receivable Building Notes Payable Common Stock, $25 Par Value Paid in Capital in Excess of Par Value, Common Stock 46,000 17,000 82,600 60,000 55,600 30,000 d. 140,000 Cash Common Stock, $25 Par Value Paid-In Capital in excess of Par Value, Connon Stock 80,000 60,000 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 $794,000? 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? 68,000 55,600 30, cee Notes Payable Connon Stock, 525 Par Value Paid-In Capital in Excess of Par Value, Common Stock Cash Common Stock, $25 Par Value Paid-In Capital in excess of Par Value, Common Stock d. 140,000 80,089 60.000 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 pald-in capital plus retained earnings equals $794.000? Complete this question by entering your answers in the tabs below. Reg 2 to 4 Reqs 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? 2. 19,784 3 4. Number of outstanding shares Minimum legal capital Total paid in capital e Reg 204 Reqs > Notes Payable Connon Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 62,800 55,600 30,00 d. 140,000 Cash Common Stock, 525 Par Value Paid-In Capital in Excess of Par Valve Common Stock 30, eee 60, Bee 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 por share of the common stock at year end of total paid in capital plus retained earnings equals $794,000? Complete this question by entering your answers in the tabs below. Reg 2 to 4 Regs What is the book value per share of the common stock at year end it total paid in capital plus retained earnings equals $794,0002 Book Value per Common Share Choose Denominator Choose Numerator Book Value per Common Share Book value per common share 0 1
