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NO EXPLANATION NEEDED, please, just solve everything, would be greatly appreciated (thumbs up)! :) Problem 13-1A Stockholders' equity transactions and analysis LO P1, A4 Kinkaid
NO EXPLANATION NEEDED, please, just solve everything, would be greatly appreciated (thumbs up)! :)
Problem 13-1A Stockholders' equity transactions and analysis LO P1, A4 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 Debit 290,000 a. General Journal Cash Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 240,000 50,000 b. 180,000 Organization Expenses Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 127,000 53,000 44,000 18,500 82,200 Cash Accounts Receivable Building Notes Payable Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 60,000 54,700 30,000 d. 130,000 Cash Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 79,000 51,000 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 $782,000? How many shares of common stock are outstanding at year-end? What is the total paid-in capital at year-end? Number of outstanding shares Total paid-in capital 3. 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 shareStep by Step Solution
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