mework Saved Help SE Kinkaid 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 Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 280,000 245,000 35,000 b. Organization Expenses Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 160,000 126,000 34,000 Cash Accounts Receivable Building Notes Payable Common Stock, $25 Par Value Paid-in Capital in Excess of Par Value, Common Stock 43,500 18,500 81,600 59,600 54,000 30,000 d. 124,000 Cash Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 76.000 48,000 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 $782,000? Complete this question by entering your answers in the tabs below. 1 of 3 Next > lomework Saved Help 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 $782,00 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? 2. 3. Number of outstanding shares Minimum legal capital Total paid-in capital 4 Req6 > Prey 1 of 3 Next > Help 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 $782,00 Complete this question by entering your answers in the tabs below. Reg 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 $782,000? Book Value per Common Share Choose Denominator: Choose Numerator: Book Value per Common Share Book value per common share O Required information Problem 11-5A Computation of book values and dividend allocations LO C2, A4 [The following information applies to the questions displayed below.) Raphael Corporation's common stock is currently selling on a stock exchange at $151 per share, and its current balance sheet shows the following stockholders' equity section: $ 90,000 Preferred stock-56 cumulative, $_ par value, 1,000 shares authorized, issued, and outstanding Common stock-$ par value, 4.000 shares authorized, issued, and outstanding Retained earnings Total stockholders' equity 100,000 360,000 $ 550,000 Problem 11-5A Part 4 4. If two years' preferred dividends are in arrears, what is the book value per share of common stock? Book Value Per Common Share Choose Denominator: Book Value Per Common Share Choose Numerator: Total stockholders' equity $ 550,000 Problem 11-5A Part 4 4. If two years' preferred dividends are in arrears, what is the book value per share of common stock? Book Value Per Common Share 1 Choose Denominator: Choose Numerator: Book Value Per Common Share Book value per common share Required information Problem 11-5A Computation of book values and dividend allocations LO C2, A4 [The following information applies to the questions displayed below.) Raphael Corporation's common stock is currently selling on a stock exchange at $151 per share, and its current balance sheet shows the following stockholders' equity section: $ 90,000 Preferred stock-58 cumulative, $___ par value, 1,000 shares authorized, issued, and outstanding Common stock-$ par value, 4,000 shares authorized, issued, and outstanding Retained earnings Total stockholders' equity 100,000 360,000 $ 550,000 Problem 11-5A Part 2 2. What are the par values of the corporation's preferred stock and its common stock? Par Value Corporation's preferred stock 3
