May you please make sure to answer all parts of the question. Both requirement 2 and 3 and required 4. Thank you!
Kinkaid Co. 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. Credit General Journal Cash Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock Debit 300,000 a. 240,000 60,000 b. 170,000 Organization Expenses Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 127,000 43,000 c. 46,000 20,000 82,300 Cash Accounts Receivable Building Notes Payable Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 59,600 58,700 30,000 d. 132,000 Cash Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 75,000 57,000 Required: 2. How many shares of common stock are outstanding at year-end? 3. What is the total paid-in capital at year-end? 4. What is the book value per share of the common stock at year-end if total paid-in capital plus retained earnings equals $792,000? Complete this question by entering your answers in the tabs below. Reg 2 and 3 Req 4 How many shares of common stock are outstanding at year-end? What is the total paid-in capital at year-end? 2. Number of outstanding shares Total paid-in capital 3. Kinkaid Co. 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. 1 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 b. 170,000 Organization Expenses Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 127,000 43,000 46,000 20,000 82,300 Cash Accounts Receivable Building Notes Payable Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 59, 600 58,700 30,000 d. 132,000 Cash Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 75,000 57,000 Required: 2. How many shares of common stock are outstanding at year-end? 3. What is the total paid-in capital at year-end? 4. What is the book value per share of the common stock at year-end if total paid-in capital plus retained earnings equals $792,000? Complete this question by entering your answers in the tabs below. Req 2 and 3 Reg 4 What is the book value per share of the common stock at year-end if total paid-in capital plus retained earnings equals $792,000? Choose Numerator: Stockholders' equity applicable to common shares Book Value per Common Share Choose Denominator: Number of common shares outstanding Book Value per Common Share Book value per common share / 0
